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Dragon Riders GBP/JPY

  • #7,881
  • Mar 18, 2015 3:43am Mar 18, 2015 3:43am
Quoting albchr
{quote} FOMC = For Others Mostly Chaos.
Pretty accurate definition
  • #7,882
  • Mar 18, 2015 3:44am Mar 18, 2015 3:44am
Quoting FX-Ray
DP 178.70/60 printed.
next probably 1/2 179.10/00, if 178.70/60 holds
  • #7,883
  • Mar 18, 2015 3:46am Mar 18, 2015 3:46am
For FOMC - when every news story is saying the same thing, I always expect the opposite and don't trade the influenced pairs
  • #7,884
  • Mar 18, 2015 3:51am Mar 18, 2015 3:51am
Morning team,
Missed the first part of excitement as I was in the shower. Never mind.
Ill keep an eye on 179.1 1/2 and go from there, may even take a punt on it getting to 179.5 DP.

Edit
In fact, just staying flat. Waiting for the right PA before jumping in either way.
  • #7,885
  • Mar 18, 2015 3:58am Mar 18, 2015 3:58am
E/U current;

1.0616/14 and 1.0588/86 crucial for today.
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  • #7,886
  • Mar 18, 2015 3:58am Mar 18, 2015 3:58am
Quoting FX-Ray
{quote} next probably 1/2 179.10/00, if 178.70/60 holds
still respecting TL can't wait to get some direction post FOMC

range bound.
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  • #7,887
  • Mar 18, 2015 3:58am Mar 18, 2015 3:58am
Quoting anima999
Morning team, Missed the first part of excitement as I was in the shower. Never mind. Ill keep an eye on 179.1 1/2 and go from there, may even take a punt on it getting to 179.5 DP. Edit In fact, just staying flat. Waiting for the right PA before jumping in either way.
Catched a long there, watching 1/2 179.10/00 atm
  • #7,888
  • Mar 18, 2015 4:00am Mar 18, 2015 4:00am
Quoting thegmann
{quote} still respecting TL can't wait to get some direction post FOMC {image}
Pay attention to the daily close of 3rd February'15 + 178.70/60 has been rejected again; it depends on 179.10/00 whether we see 179.50/40 today
  • #7,889
  • Mar 18, 2015 4:04am Mar 18, 2015 4:04am
Quoting FX-Ray
{quote} Pay attention to the daily close of 3rd February'15 + 178.70/60 has been rejected again; it depends on 179.10/00 whether we see 179.50/40 today
I have 178.38 as high of that day, you expect that as major DP for up or down? 178.28 as close.
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  • #7,890
  • Edited 5:02am Mar 18, 2015 4:04am | Edited 5:02am
Quoting FX-Ray
{quote} I think more interesting is market behave relatively quiet, either the directions stay the same and this is just a low volatility period or we see a sentiment change.
True, dude. ATM, low volatility is seeing price just bounce around. But, may indeed be case of sentiment change (edit: but after this GBP drop, might take a bit longer - but remains on the horizon, as long as BOJ push for a weaker yen IMO).

  • #7,891
  • Mar 18, 2015 4:06am Mar 18, 2015 4:06am
Took a flirt with this old girlfriend Kiwi this morning ... long time not seen. Do not let me down honey lol
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Fix up, trade sharp ...
  • #7,892
  • Mar 18, 2015 4:09am Mar 18, 2015 4:09am
143 or so days ago, GJ broke into a consolidation 'area' at 179.8 and didn't fall back. I'm sure many of us recall that day. This 'shit fight' is it attempting to leave that area. Around here it may be quite volatile until it departs ... or breaks back in. It may simply drop, or come back to test this area later at higher levels.
  • #7,893
  • Mar 18, 2015 4:15am Mar 18, 2015 4:15am
AU looking to continue its bearish path broken back below key level .76250 I was watching. Not taking anything until after FOMC but short side looking good.
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  • #7,894
  • Mar 18, 2015 4:16am Mar 18, 2015 4:16am
Stopped out in choppy ranges again ... time to learn and wait for better conditions ...
Fix up, trade sharp ...
  • #7,895
  • Mar 18, 2015 4:25am Mar 18, 2015 4:25am
Quoting Hickson
Stopped out in choppy ranges again ... time to learn and wait for better conditions ...
just love watching this volatility why cant we always have 20 pip 5 min bars lol.

kabooom 178 tested.
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  • #7,896
  • Mar 18, 2015 4:33am Mar 18, 2015 4:33am
Quoting thegmann
{quote} just love watching this volatility why cant we always have 20 pip 5 min bars lol. kabooom {image} {image}
Not so easy to stay emotionless after being stopped out of a short 4 times and seeing this:
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Fix up, trade sharp ...
  • #7,897
  • Mar 18, 2015 4:34am Mar 18, 2015 4:34am
1/4 177.975/875 printed.
  • #7,898
  • Mar 18, 2015 4:35am Mar 18, 2015 4:35am
Bad UK data + no rate hike in near future = goodbye GBP ...
Fix up, trade sharp ...
  • #7,899
  • Mar 18, 2015 4:36am Mar 18, 2015 4:36am
Quoting Hickson
Bad UK data + no rate hike in near future = goodbye GBP ...
177.5 here we come then 176.3 break that and looking towards my long term 170.85 target
  • #7,900
  • Mar 18, 2015 4:37am Mar 18, 2015 4:37am
Quoting Vermillion
{quote} I'm eyeing GBP/NZD right now, and it looks like a false flag breakthrough above 2.02; I'm looking for a move down to the current pivot point of 2.0130, followed by 2.0100, 2.0050, and 2.0000 for the next supports (in the case it goes below pivot point) If it goes up, then it goes up. Not risking too much here, but the potential R:R is decent. Putting shorts in at 2.02062. SL is 2.02290
Pivot point of 2.0130 hit for GBP/NZD. Might consider a scalping long depending on whether the currency pair calms down after the news. Or maybe a short, if we break below

Update 1: 2.0100 just 3 pips away from being printed. This looks interesting.
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