Dragon Riders GBP/JPY

Quoting Ata-Turkoglu

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Hi All, Our GJ downtrend nicely continued after bad GBP data and now it came very close to Monthly MS1: 176.80/90 The Daily support DS3 is just below it at: 176.50/60 I believe we will test that level before we have a major retracement. Therefore I suggest not to buy yet. My half cents. Happy Trades

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Quoting FX-Ray

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{quote} Yes, my SL is below 15; trading the 1/2 here

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Quoting FX-Ray

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{quote} I wish I could tell you but since news are just a catalyst for me to fill supply or demand, you really should know better than me

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Quoting FX-Ray

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Since 1/2 177.25/15 holds nicely I risk some here, 7 for 77, 1:11; Overall I think this level is important for following reasons: DP 178.70/60 and DP 175.80/70 have a big range, this is an indication for incoming high volatility in this area(coincidence FOMC?); if 1/2 177.25/15 holds and its able to take out 1/4 177.975/875 it going to be very interesting because if she is really able to overcome DP 178.70/60 then this could lead to a mid-term sentiment change. Its no guarantee whatsoever but this is what Im thinking about right now. If this scenario...

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Quoting AdiZ1

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{quote} Definitely you are magician mathematician ..

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Quoting FX-Ray

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{quote} Nothing will get me out of this trade except price and I have a simple reason for this: If 1/2 177.25/15 holds here since it already got rejected perfectly, this could lead to a sentiment change, I recommend you to read #Post 8034. So I risk it willingly.

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Quoting Temujin

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{quote} Heard many things, unreal analysis. 0.86 coming stuff like that. I can't imagine.

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Quoting Hickson

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{quote} mathematician

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Quoting Ata-Turkoglu

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Hi All, Our GJ downtrend nicely continued after bad GBP data and now it came very close to Monthly MS1: 176.80/90 The Daily support DS3 is just below it at: 176.50/60 I believe we will test that level before we have a major retracement. Therefore I suggest not to buy yet. My half cents. Happy Trades

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Quoting TrendTrader

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Hi, Nice thread you have running here Fx, I like the simple approach. Would like to share my view on GJ, not sure if its so simple (maybe for me) but i see that GJ has a tough time closing under 61% on D1 chart...can we see long to the 180.90 - 181.40 area before we can see short? TT {image}

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Quoting Tom_D_Trader

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{quote} Nice chart, I like simple. Am having almost the very same numbers, what a surprise when I also use fibo . I can see yours 180,9 test pretty valid for both bears and bulls... followed...181,5, should bulls wanna take control. Edit: Btw, JPY trade balance data in 40. Low Oil could give us good data, but whatda we know huh? Speaking of which, just bought it. Primary stops 178,14 {image}

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Quoting AdiZ1

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{quote} Definitely you are magician ..

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Quoting Hickson

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{quote} mathematician

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Quoting Tom_D_Trader

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{quote} Hi mate, Fibiz players have 176,28. Looks nice on chart. And coincides with UJ correction down to 120,42. But UJ bounced off weekly dropzone right away. May not come back, but think we should get one last push. I like perfect setups . But in fact whole area 180,17 - 176,28 is a big thick dropzone for weekly chart and now we are about mid. Also GU about mid between monthly dropzones. I like mids. But am not buying GBP untill we get a bit lower in this range. {quote} {quote} {image}

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Quoting FX-Ray

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{quote} {quote} No, just a trader I also can be horribly wrong.. just saying

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Quoting Hickson

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{quote} But all we do is win, win, win, no matter what ... the hardest thing that can occur is being stopped out BE ... LOL {image}

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Quoting AllyB

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{quote} your DP levels are working out mighty fine this week as usual

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Quoting FX-Ray

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{quote} I like the way you entered the trade.. Good Luck to you my friend.

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Quoting Hickson

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{quote} Let's see if it will pay for 1 or 2 bottles of Augustiner LOL

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Quoting FX-Ray

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{quote} 1/4 177.975/875 is crucial for this to work out.

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Quoting FX-Ray

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{quote} Thank you You have any positions G/J or E/U? Can you tell me what you think about 1.0750 E/U? I'd like to hear you opinion..

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