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Dragon Riders GBP/JPY

  • #7,921
  • Mar 18, 2015 5:09am Mar 18, 2015 5:09am
Quoting thegmann
{quote} I have 178.38 as high of that day, you expect that as major DP for up or down? 178.28 as close. {image}
am paying attention to 1/4 177.975/875, I think further direction will decided here.
  • #7,922
  • Mar 18, 2015 5:12am Mar 18, 2015 5:12am
Quoting FX-Ray
{quote} am paying attention to 1/4 177.975/875, I think further direction will decided here.
indeed might be better to stetp aside closed out my 177.875 short for a few we're in tough support zone now changed my mind i'd rather wait for confirmation could have big spike up here.

177.5 will get hit but might need to wait for FOMC to do it
  • #7,923
  • Mar 18, 2015 5:17am Mar 18, 2015 5:17am
Last time GBP/JPY rallied, was on account of GBP strength. Given the current lack of, seems to require JPY weakness - which always seems to pop out from nowhere.
  • #7,924
  • Edited 5:32am Mar 18, 2015 5:21am | Edited 5:32am
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
GBP/NZD correction prices:

2.0130 - Check.
2.0100 - Check.
2.0050 - Check.
2.0000 - In progress.

Scalping a long at around 2.0000 would be decent for the GBP/NZD. Mind you, it's a scalp, not a daily position.
  • #7,925
  • Mar 18, 2015 5:25am Mar 18, 2015 5:25am
Quoting Hickson
Took a flirt with this old girlfriend Kiwi this morning ... long time not seen. Do not let me down honey lol {image}

looks like she did not forget me ...
Attached Image
Fix up, trade sharp ...
  • #7,926
  • Mar 18, 2015 5:27am Mar 18, 2015 5:27am
Come on UJ, prove them all wrong
  • #7,927
  • Mar 18, 2015 5:36am Mar 18, 2015 5:36am
Quoting Vermillion
At any rate, I'm currently eyeing the GBP/NZD....my current bias is (surprisingly) bearish, and my price to watch is 2.0100/0080. I have a good chance of being wrong, since much of this is based on intuition in lieu of analysis. Analysis is rooted in my own personal price action determinants. It would be hilarious if it did drop back down to 2.0000; that would frustrate a lot of bulls. And funny enough, I wouldn't be surprised to see that.
I think this is becoming a reality. We're 95%+ back down to square one for the GBP/NZD, ladies and gentlemen.
  • #7,928
  • Mar 18, 2015 5:37am Mar 18, 2015 5:37am
Quoting Vermillion
{quote} I think this is becoming a reality. We're 95%+ back down to square one for the GBP/NZD, ladies and gentlemen.


Quoting Mpt
Come on UJ, prove them all wrong
watching 120.8
  • #7,929
  • Mar 18, 2015 5:39am Mar 18, 2015 5:39am
Quoting Hickson
{quote} looks like she did not forget me ... {image}
Nicesadly I just missed it
  • #7,930
  • Mar 18, 2015 5:44am Mar 18, 2015 5:44am
178.29 could be a target for this bounce...if there is a bounce I mean...
Look Sharp/Trade Tight
  • #7,931
  • Mar 18, 2015 5:50am Mar 18, 2015 5:50am
sleepy time be back in 5 hrs
  • #7,932
  • Mar 18, 2015 5:57am Mar 18, 2015 5:57am
Weather here is nice and I have no interest in being chopped up. Taking my bike now. Laters.
Fix up, trade sharp ...
  • #7,933
  • Mar 18, 2015 6:00am Mar 18, 2015 6:00am
Scalping short for GBP/NZD at 2.00600, target is 2.0000. Profit is 60pips. Will Long at 2.0000 as well.

Already bagged 200 pips from the short at 2.02587 and TPed at 2.00500, but I think it can go lower.

Also shorting GBP/JPY at 177.850, target is 177.10 +/- 15 pips

Attached Image (click to enlarge)
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  • #7,934
  • Mar 18, 2015 6:58am Mar 18, 2015 6:58am
Quoting Vermillion
Scalping short for GBP/NZD at 2.00600, target is 2.0000. Profit is 60pips. Will Long at 2.0000 as well. Already bagged 200 pips from the short at 2.02587 and TPed at 2.00500, but I think it can go lower. Also shorting GBP/JPY at 177.850, target is 177.10 +/- 15 pips {image}
Took profit on my GBP/NZD short (2.00600) at around 2.0000. Also decided to go for a long at 2.00018 with a tight stop loss.

Quoting Vermillion
At any rate, I'm currently eyeing the GBP/NZD....my current bias is (surprisingly) bearish, and my price to watch is 2.0100/0080. I have a good chance of being wrong, since much of this is based on intuition in lieu of analysis. Analysis is rooted in my own personal price action determinants. It would be hilarious if it did drop back down to 2.0000; that would frustrate a lot of bulls. And funny enough, I wouldn't be surprised to see that.
Had a theory that the GBP/NZD will fall down up to around 2.00000, and it happens in 19 hours. Not bad.

Just finished my next bi-weekly minimum earnings. Profited around 460 pips or so from GBP/NZD and GBP/JPY in 5 separate trades today. And who says holiday weeks have to be a bad time to trade?

Currently have one trade in progress: GBP/JPY short at 177.850, TP at 177.10 +/- 15 pips.
  • #7,935
  • Mar 18, 2015 6:59am Mar 18, 2015 6:59am
Quoting FX-Ray
If 1/4 177.975/875 support next is DP 178.70/60, if resistance next is 1/2 177.25/15
almost done, close to 1/2 177.25/15
  • #7,936
  • Mar 18, 2015 7:04am Mar 18, 2015 7:04am
Quoting FX-Ray
{quote} almost done, close to 1/2 177.25/15
what's the next down decision points?,after the 177.25/15 ,I just aim for the 175.50 ish,please can u tell or send the Decision tpl?
Patience , perseverance and determination is the key to success .
  • #7,937
  • Mar 18, 2015 7:08am Mar 18, 2015 7:08am
Quoting AdiZ1
{quote} what's the next down decision points?,after the 177.25/15 ,I just aim for the 175.50 ish,please can u tell or send the Decision tpl?
Here you go. All credits go to Fx-Ray.

(01) 203.30/20
(02) 202.90/80
(03) 201.50/40
(04) 200.60/50
(05) 200.10/00
(06) 199.30/20
(07) 198.20/10
(08) 198.00/97.90
(09) 197.50/40
(10) 195.40/30
(11) 194.70/60
(12) 193.70/60
(13) 192.90/80
(14) 189.90/80
(15) 189.10/00
(16) 188.70/60
(17) 187.30/20
(18) 186.40/30
(19) 185.90/80
(20) 185.10/00
(21) 184.00/83.90
(22) 183.70/60
(23) 183.20/10
(24) 181.20/10
(25) 180.50/40
(26) 179.50/40
(27) 178.70/60
(28) 175.80/70
(29) 175.00/74.90
(30) 174.00/73.90
(31) 173.00/72.90
(32) 172.30/20
(33) 171.70/60
(34) 170.80/70
(35) 169.80/70
(36) 169.60/50
(37) 169.00/00
(38) 167.00/00
(39) 166.40/30
(40) 165.40/30
(41) 164.40/30
  • #7,938
  • Mar 18, 2015 7:10am Mar 18, 2015 7:10am
Quoting Vermillion
{quote} Here you go. All credits go to Fx-Ray. (01) 203.30/20 (02) 202.90/80 (03) 201.50/40 (04) 200.60/50 (05) 200.10/00 (06) 199.30/20 (07) 198.20/10 (08) 198.00/97.90 (09) 197.50/40 (10) 195.40/30 (11) 194.70/60 (12) 193.70/60 (13) 192.90/80 (14) 189.90/80 (15) 189.10/00 (16) 188.70/60 (17) 187.30/20 (18) 186.40/30 (19) 185.90/80 (20) 185.10/00 (21) 184.00/83.90 (22) 183.70/60 (23) 183.20/10 (24) 181.20/10 (25) 180.50/40 (26) 179.50/40 (27) 178.70/60 (28) 175.80/70 (29) 175.00/74.90 (30) 174.00/73.90 (31) 173.00/72.90 (32) 172.30/20 (33) 171.70/60...
thanks mate
Patience , perseverance and determination is the key to success .
  • #7,939
  • Mar 18, 2015 7:11am Mar 18, 2015 7:11am
Quoting FX-Ray
{quote} almost done, close to 1/2 177.25/15



Took off at .250 level. Had that as a level on my template also. 2.5 reward to risk
  • #7,940
  • Mar 18, 2015 7:19am Mar 18, 2015 7:19am
Shorted at 184 back the middle of last month 100 pips too early and closed at a loss. Finally grabbed 185 and only made a couple hundred pips on this down move of 774 pips to where we are today. Traded some other pairs but after trading this one the others are like watching paint dry so I came back.
Be humble or be humbled.
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