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Dragon Riders GBP/JPY

  • #9,321
  • Edited 4:44am Mar 26, 2015 4:20am | Edited 4:44am
Woke up to see that my long fro 176.970 has failed (and stopped out with 15 pip loss), but sell limit at 176.800 was hit with a tP at 176.550, so that's good.

Currently shorting at 177.30.

Update: Added new shorts at 177.50, targeting 175.70 +/- 15 pips.

Update 2: I need to work on my typing skills. So many typos and errors.
  • #9,322
  • Mar 26, 2015 4:56am Mar 26, 2015 4:56am
Quoting Vermillion
Woke up to see that my long fro 176.970 has failed (and stopped out with 15 pip loss), but sell limit at 176.800 was hit with a tP at 176.550, so that's good. Currently shorting at 177.30. Update: Added new shorts at 177.50, targeting 175.70 +/- 15 pips. Update 2: I need to work on my typing skills. So many typos and errors.
took your advise after looking at my charts and am targeting 176.70ish then 176.00ish from there I will decide to hold till 175.80. Data coming outta UK could see us going there. but I will continue to monitor this and might even add more shorts. Thank you for your input.
Without God we are nothing
  • #9,323
  • Mar 26, 2015 5:23am Mar 26, 2015 5:23am
Quoting Baba Gee
{quote} took your advise after looking at my charts and am targeting 176.70ish then 176.00ish from there I will decide to hold till 175.80. Data coming outta UK could see us going there. but I will continue to monitor this and might even add more shorts. Thank you for your input.
thanks, and good luck. Just remember that I'm nowhere near being the best or even close to being best trader on ForexFactory, and that you shouldn't overextend your leverage. If you keep that in mind, this should be a good trade with decent R:R.
  • #9,324
  • Mar 26, 2015 6:22am Mar 26, 2015 6:22am
Another day with nearly untradable PA in my view. I will take a break now until the dragon awakes again
Fix up, trade sharp ...
  • #9,325
  • Mar 26, 2015 7:24am Mar 26, 2015 7:24am
Quoting Mpt
{quote} As usual, Cable is totally recalcitrant.
Ha, ha. True.

I had a doze and missed...nothing.
  • #9,326
  • Mar 26, 2015 7:31am Mar 26, 2015 7:31am
Quoting Hickson
Another day with nearly untradable PA in my view. I will take a break now until the dragon awakes again
Yesterday I'd agree with you but there was a great short opportunity at 1/2 177.35/25 and a long opportunity at 1/2 176.575/475.
Now lets assume 1/2 177.35/25 holds as support, next is 1/4 178.125/025, same to the downside, if resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: opportunity.png Size: 101 KB
  • #9,327
  • Mar 26, 2015 7:32am Mar 26, 2015 7:32am
Fx-Ray, if you read this, can you answer this question please. On the off chance that this pair got under 175, what significance (if any) would you give to 167 (plus or minus a few pips) ?
  • #9,328
  • Mar 26, 2015 7:37am Mar 26, 2015 7:37am
Quoting FX-Ray
{quote} Yesterday I'd agree with you but there was a great short opportunity at 1/2 177.35/25 and a long opportunity at 1/2 176.575/475. Now lets assume 1/2 177.35/25 holds as support, next is 1/4 178.125/025, same to the downside, if resistance. {image}
Hi Ray, as usual your levels are proving accurate.What do you look for in the PA to trigger your orders? Is it the traditional PA stuff like candle shapes etc or more down to your experience?
  • #9,329
  • Mar 26, 2015 7:39am Mar 26, 2015 7:39am
Shorting : Weekly S1 break Pt weekly s2
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 26 KB
  • #9,330
  • Mar 26, 2015 7:43am Mar 26, 2015 7:43am
Quoting FX-Ray
{quote} Yesterday I'd agree with you but there was a great short opportunity at 1/2 177.35/25 and a long opportunity at 1/2 176.575/475. Now lets assume 1/2 177.35/25 holds as support, next is 1/4 178.125/025, same to the downside, if resistance. {image}
good day to you! my short in GJ was hit so now on the side

trying to find dustbin levels and will post as soon as I do
  • #9,331
  • Mar 26, 2015 7:44am Mar 26, 2015 7:44am
Quoting Mpt
Fx-Ray, if you read this, can you answer this question please. On the off chance that this pair got under 175, what significance (if any) would you give to 167 (plus or minus a few pips) ?
Hi MPT,

its DP 174.40/30 as far as I can see for now.
  • #9,332
  • Mar 26, 2015 7:48am Mar 26, 2015 7:48am
Quoting anima999
{quote} Hi Ray, as usual your levels are proving accurate.What do you look for in the PA to trigger your orders? Is it the traditional PA stuff like candle shapes etc or more down to your experience?
Just highs and lows because these are facts, forget any TA goes beyond this, this it assumes you can predict anything which you cant.
Plus stay out of range days, just dont trade those, look yesterday 1/4 178.125/025, price oscillated there and this is a sign of a ranging market. Stay out.
  • #9,333
  • Mar 26, 2015 7:50am Mar 26, 2015 7:50am
Quoting AllyB
{quote} good day to you! my short in GJ was hit so now on the side trying to find dustbin levels and will post as soon as I do
Hi Ally,

nice trade there
  • #9,334
  • Mar 26, 2015 7:50am Mar 26, 2015 7:50am
Quoting Dr.Phoenix
{quote} Yep !!! RUB was strengthening so fast yesterday that I began thinking that my target at 48-50 till the year ends would be hit much faster than I had previously thought. It is possible to see 50 rub/$ in the summer. Best, D.P.
There are some conclusions that RUB/$ is about to be as low as 40 in 2017-2018 years.

Best,
D.P.
Hunting High and Low
  • #9,335
  • Mar 26, 2015 7:52am Mar 26, 2015 7:52am
Quoting Dr.Phoenix
{quote} There are some conclusions that RUB/$ is about to be as lower as 40 in 2017-2018 years. Best, D.P.
After recent development its not impossible. Anyway you trade it? I can recommend you options.
  • #9,336
  • Mar 26, 2015 7:58am Mar 26, 2015 7:58am
Quoting FX-Ray
{quote} After recent development its not impossible. Anyway you trade it? I can recommend you options.
Hey Ray, what makes you thing it is impossible?
Errāre hūmānum est; in errōre persevērāre belluīnum
  • #9,337
  • Mar 26, 2015 7:59am Mar 26, 2015 7:59am
Quoting Bop
{quote} Hey Ray, what makes you thing it is impossible?
Nothing, I said its "not impossible"
  • #9,338
  • Mar 26, 2015 7:59am Mar 26, 2015 7:59am
Quoting FX-Ray
{quote} After recent development its not impossible. Anyway you trade it? I can recommend you options.
No, I do not. Too much spread involved.
However I am interested in duscussion by PM about your options.

Best,
D.P.
Hunting High and Low
  • #9,339
  • Mar 26, 2015 8:03am Mar 26, 2015 8:03am
Quoting Dr.Phoenix
{quote} No, I do not. Too much spread involved. However I am interested in duscussion by PM about your options. Best, D.P.
Because you said "as low as 40 in 2017-2018 years", if that becomes true and you buy put options with expiry in 2017-2018, could be a nice payoff.
If you never traded options I recommend you to stay away from them
  • #9,340
  • Mar 26, 2015 8:06am Mar 26, 2015 8:06am
Quoting FX-Ray
{quote} Nothing, I said its "not impossible"
Sorry, was conclusion I thought you mean that's impossible at all I think by summer it will be 30-35, and there will not be any stock market it will simply die😄
Errāre hūmānum est; in errōre persevērāre belluīnum
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