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Dragon Riders GBP/JPY

  • #6,941
  • Mar 11, 2015 11:33am Mar 11, 2015 11:33am
Quoting thegmann
{quote} ? dollar rally is just getting started i'd be careful with anything more than a short term scalp going short the dollar.
I'm aware of that so I only enter with 20% of my normal lot size. And Yes, I'm agree with the rally of dollar is just getting started, but the PA shows me high probability that UJ need a retrace before going higher. Well, UJ can go higher without any retracement just like EU's madness drop, but I'm only risking 1% of my account on this trade so no worry.
  • #6,942
  • Mar 11, 2015 11:34am Mar 11, 2015 11:34am
Quoting raiders
well im in now after the pullback. lets see if 30 can hold as resistance now. edit got it at 25
guess not...
  • #6,943
  • Mar 11, 2015 11:36am Mar 11, 2015 11:36am
Quoting Vermillion
bought the bounce back up; I'm hoping to see a retest of 183.40. {image} Also looking to long the NZD; it's fall following the NFP was a bit too large for my tastes, and given that it's performing moderately better in terms of events than the euro or the pound sterling (which recently had a string of bad data + elections + USD smackdown), NZD/USD will be an interesting one. I'm eyeing the NZD news today. Probably going to take a small long there. SL will have to be tight & monitored, though.
And done. Scalping long from 183.00, TP at 183.40. 40 pips in less than an hour. Not my best, but decent enough considering NY session is almost over.

A successful trade is a successful one. Now I'll just watch for a clearer signal to short or long. Much as I'd love to short gbp/jpy, there's a lot of room to test the upside for the cable, which unnerves me.
  • #6,944
  • Mar 11, 2015 11:37am Mar 11, 2015 11:37am
still selling..
Attached Image (click to enlarge)
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  • #6,945
  • Mar 11, 2015 11:44am Mar 11, 2015 11:44am
quick update:

I got an interesting setup here, price broke 181.30/20 and rejected 1/2 180.85/75 and got above it. If 181.30/20 act as support we could see at least a test of 1/2 182.20/10 or/and 183.10/00.
If DP 181.30/20 act as resistance againnext is DP 180.40/30.
Im off, later
Attached Image (click to enlarge)
Click to Enlarge Name: setup.png Size: 76 KB
  • #6,946
  • Mar 11, 2015 11:45am Mar 11, 2015 11:45am
Quoting goshko147
still selling.. {image}
you got a plan B if it continues north or do you just leave it like that?
  • #6,947
  • Mar 11, 2015 11:46am Mar 11, 2015 11:46am
Quoting Vermillion
bought the bounce back up; I'm hoping to see a retest of 183.40. {image} Also looking to long the NZD; it's fall following the NFP was a bit too large for my tastes, and given that it's performing moderately better in terms of events than the euro or the pound sterling (which recently had a string of bad data + elections + USD smackdown), NZD/USD will be an interesting one. I'm eyeing the NZD news today. Probably going to take a small long there. SL will have to be tight & monitored, though.
Nice trade dude, if 181.30/20 holds you may get 182.20/10
  • #6,948
  • Mar 11, 2015 11:48am Mar 11, 2015 11:48am
Quoting FX-Ray
{quote} Nice trade dude, if 181.30/20 holds you may get 182.20/10
Thank you~I'll have to add again, though, since I already cashed in on my scalp.

I'm sitting out right now, but if the charts look like they want to go up once more, you can bet I'm longing.

Anyone speculating the NZD right now? NZD/USD is having a massive selloff prior to rate deicion for the RBNZ statements & press conference.
  • #6,949
  • Mar 11, 2015 11:54am Mar 11, 2015 11:54am
Quoting Tom_D_Trader
GU monthly 1,491 could hold. But dunno with those elections + USD king combo. Neverthless cable move overextended already and UJ ready to break highs. So should cable test 1,491, could give us Geppy overshoot to 180,9 for perf long load. Am still staying out of GBP, momentum on Cable not nice, but preparing to enter Geppy. I have set limit order there (181). No SL, will be watching and close it manually should it strike hard.
Looking good so far. Pls Geppy dont screw me over now
"I know one thing, that I know nothing." Sokrates
  • #6,950
  • Mar 11, 2015 11:57am Mar 11, 2015 11:57am
Quoting Vermillion
{quote} Thank you~I'll have to add again, though, since I already cashed in on my scalp. I'm sitting out right now, but if the charts look like they want to go up once more, you can bet I'm longing. Anyone speculating the NZD right now? NZD/USD is having a massive selloff prior to rate deicion for the RBNZ statements & press conference.
Dont trade it, too little volatility
  • #6,951
  • Mar 11, 2015 11:59am Mar 11, 2015 11:59am
Quoting Vermillion
{quote} Thank you~I'll have to add again, though, since I already cashed in on my scalp. I'm sitting out right now, but if the charts look like they want to go up once more, you can bet I'm longing. Anyone speculating the NZD right now? NZD/USD is having a massive selloff prior to rate deicion for the RBNZ statements & press conference.
I would say a long at .719 with sl .715 try and catch double bottom on daily might try it for shits n gigs. Dont know much about nzd/usd though so prob not lol. Also don't like betting against the dollar.
  • #6,952
  • Mar 11, 2015 12:01pm Mar 11, 2015 12:01pm
Quoting thegmann
{quote} I would say a long at .719 with sl .715 try and catch double bottom on daily might try it for shits n gigs. Dont know much about nzd/usd though so prob not lol.
http://i2.kym-cdn.com/photos/images/...66/158/d8b.png
  • #6,953
  • Mar 11, 2015 12:04pm Mar 11, 2015 12:04pm
Quoting Vermillion
{quote} {image}
thats a pretty steep sell off though on the daily chart though the last few days, someone's been throwing some big shorts down. Check out the monthly looks like it wants .70 support level.
  • #6,954
  • Mar 11, 2015 12:05pm Mar 11, 2015 12:05pm
Quoting FX-Ray
{quote} you got a plan B if it continues north or do you just leave it like that?
it's no problem , because i take the half of profit on 181.40
​and i will seeing what is doing the price.
  • #6,955
  • Mar 11, 2015 12:07pm Mar 11, 2015 12:07pm
Break of support?

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Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #6,956
  • Mar 11, 2015 12:09pm Mar 11, 2015 12:09pm
Quoting whatever007
Break of support? {image}
181.5 retested and rejected possibly...just gotta wait and see what happens
  • #6,957
  • Mar 11, 2015 12:11pm Mar 11, 2015 12:11pm
Quoting whatever007
Break of support? {image}
waiting closing on the bar on H4 and we will see.
  • #6,958
  • Mar 11, 2015 12:11pm Mar 11, 2015 12:11pm
I cant deal with this pair F.... hate it im not trading this anymore ... lol .. anyways Green pips to you forum guys
  • #6,959
  • Mar 11, 2015 12:13pm Mar 11, 2015 12:13pm
Quoting Luck21
I cant deal with this pair F.... hate it im not trading this anymore ... lol .. anyways Green pips to you forum guys
  • #6,960
  • Mar 11, 2015 12:20pm Mar 11, 2015 12:20pm
Quoting thegmann
{quote} I would say a long at .719 with sl .715 try and catch double bottom on daily might try it for shits n gigs. Dont know much about nzd/usd though so prob not lol. Also don't like betting against the dollar.
Better trade to long NZD is short EUR/NZD.
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