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Dragon Riders GBP/JPY

  • #9,761
  • Edited 9:07am Apr 1, 2015 8:56am | Edited 9:07am
Quoting Gbp/jpy
{quote} that 1/2 DP is teasing us.....long didn't go too far yet.....but the fiscal quarter is over.....
There it is, going long.

Edit
In at .850, TP = 179 DP, SL = .700
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  • #9,762
  • Apr 1, 2015 9:05am Apr 1, 2015 9:05am
+12
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  • #9,763
  • Apr 1, 2015 9:06am Apr 1, 2015 9:06am
Quoting anima999
{quote} There it is, going long.
gl...i'm still out waiting here I still see testing lows before bounce if it even does.
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  • #9,764
  • Apr 1, 2015 9:09am Apr 1, 2015 9:09am
Price really taking a beating after that news event, in long at 177 so let's see where we go from here.
  • #9,765
  • Apr 1, 2015 9:10am Apr 1, 2015 9:10am
UJ dropping out hard
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  • #9,766
  • Apr 1, 2015 9:11am Apr 1, 2015 9:11am
Quoting thegmann
{quote} gl...i'm still out waiting here I still see testing lows before bounce if it even does. {image}
I see you POV, 176.5 is a possibility.

Ally,
Nice, what spread do you have on that pair, bottom right says 0?
  • #9,767
  • Edited 9:34am Apr 1, 2015 9:19am | Edited 9:34am
took it..very tight SL worth a try if we bounce here...prob don't but R/R is ok. UJ might have bottomed.
edit: out for +20 nice little bounce. may add again if we can get over 177.15
GU at resistance level if break above here GJ could rally
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  • #9,768
  • Apr 1, 2015 9:29am Apr 1, 2015 9:29am
Quoting anima999
{quote} I see you POV, 176.5 is a possibility. Ally, Nice, what spread do you have on that pair, bottom right says 0?
hi there

spread is really low and changes. also pay a commission but that is low also.

ATM it is jumping between .01 and .04 and FXCM is the broker which I know a lot had some issues with them but I haven't
  • #9,769
  • Apr 1, 2015 9:31am Apr 1, 2015 9:31am
Quoting thegmann
took it..very tight SL worth a try if we bounce here...prob don't but R/R is ok. UJ might have bottomed. edit: out for +20 nice little bounce. may add again if we can get over 177.15 {image} {image} {image}
It is tempting to close, I'm +28 and holding on. At the very least I hope for the 1/4 level.
  • #9,770
  • Apr 1, 2015 9:34am Apr 1, 2015 9:34am
Quoting AllyB
{quote} hi there spread is really low and changes. also pay a commission but that is low also. ATM it is jumping between .01 and .04 and FXCM is the broker which I know a lot had some issues with them but I haven't
I'm DMing your dustbin trades. The only pair I can do it on is EU with a spread of 0.8. I struggle to spot the levels though so when you post yours I just copy. To be honest I'm having mixed results but I'm guessing it just a case of getting better with time.
  • #9,771
  • Apr 1, 2015 9:35am Apr 1, 2015 9:35am
Quoting anima999
{quote} It is tempting to close, I'm +28 and holding on. At the very least I hope for the 1/4 level.
I think we're done for todays moves. GJ probably going to range 177.4 - 176.85

Im selling any spike to 177.4 running a sell limit 177.5
  • #9,772
  • Apr 1, 2015 9:38am Apr 1, 2015 9:38am
Quoting thegmann
{quote} I think we're done for todays moves. GJ probably going to range 177.4 - 176.85 Im selling any spike to 177.4
You're probably right, I've moved my TP to the 1/4 level = 177.425
  • #9,773
  • Apr 1, 2015 9:41am Apr 1, 2015 9:41am
Quoting anima999
{quote} You're probably right, I've moved my TP to the 1/4 level = 177.425
177.15 looks like might hold for push towards 177.4-5 range i'd expect sellers to quickly push it down though on spike up there.
  • #9,774
  • Apr 1, 2015 9:44am Apr 1, 2015 9:44am
Quoting anima999
{quote} I'm DMing your dustbin trades. The only pair I can do it on is EU with a spread of 0.8. I struggle to spot the levels though so when you post yours I just copy. To be honest I'm having mixed results but I'm guessing it just a case of getting better with time.
glad I could help

I won't say they are easy but you just need to come up with your own rules and you will do fine. entry is a key so make that good

EU is the only pair I do dustbins on also

I love doing them though as a trade is usually hitting TP in less than 10 min
  • #9,775
  • Apr 1, 2015 9:48am Apr 1, 2015 9:48am
Quoting thegmann
{quote} I think we're done for todays moves. GJ probably going to range 177.4 - 176.85 Im selling any spike to 177.4 running a sell limit 177.5
We're seeing a different market today. Price tried to dip below 176.6, but there was too much strength to reach that DP. The rebound was from higher still than the previous four tries at breaking 176.6.

I'm still looking at 178.8 as a realistic target for a 4H correction, with potential for further upside if we break 179.67.

Naturally, on the opposite side, if we get below and close below 176.5 I'll be looking for shorts.

Setting a SL at BE and going out for now, let's see what happens.
  • #9,776
  • Apr 1, 2015 9:51am Apr 1, 2015 9:51am
TP just hit for +50ish

Might have been premature as both cable and EU are printing long candles. I'll look for anothe pull down before even consifering a re-entry.
  • #9,777
  • Apr 1, 2015 9:52am Apr 1, 2015 9:52am
Quoting anima999
TP just hit for +50ish Might have been premature as both cable and EU are printing long candles. I'll look for anothe pull down before even consifering a re-entry.
Very nice trade

Lets see if my short entry gets hit here
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  • #9,778
  • Apr 1, 2015 9:55am Apr 1, 2015 9:55am
Quoting thegmann
{quote} Very nice trade Lets see if my short entry gets hit here {image}
Entering the market around that 1/4 level cost me A LOT of money this week so I'm staying well away from that. I'm probably done live trading for now, going to do some dustbins on demo.
  • #9,779
  • Apr 1, 2015 9:59am Apr 1, 2015 9:59am
Quoting anima999
{quote} Entering the market around that 1/4 level cost me A LOT of money this week so I'm staying well away from that. I'm probably done live trading for now, going to do some dustbins on demo.
hmm maybe ill just call it a day too made 80 pips good day.

range time for GJ 177.4-176.85
  • #9,780
  • Apr 1, 2015 11:36am Apr 1, 2015 11:36am
still short AJ new target is 89.0
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