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Dragon Riders GBP/JPY

  • #9,781
  • Apr 1, 2015 12:01pm Apr 1, 2015 12:01pm
As much as I've tried to stay clear of this pair due to the fact my account is in U.S. dollars and the spread is a little wide I cannot. After trading GBP/JPY other pairs in comparison can be like watching banana slugs race.

Could we see another huge lift off like the one last October?

http://news.forexlive.com/!/japan---...il-30-20150401

Due to the very dismal Tankan data released the Abe administration may be backed into a corner and another round of easing from the Bank of Japan could be on the way soon.

http://www.fxstreet.com/news/forex-n...4-df755ea4c41c
Be humble or be humbled.
  • #9,782
  • Apr 1, 2015 4:10pm Apr 1, 2015 4:10pm
we got massive azz positive divergence on the 15M.....third push coming, too! traveling the decision points
  • #9,783
  • Apr 1, 2015 7:00pm Apr 1, 2015 7:00pm
Quoting Gbp/jpy
we got massive azz positive divergence on the 15M.....third push coming, too! traveling the decision points
And if you take every 8th movement from the tick chart over the last 64 hours, encode the sequence to tones and play it backwards, you hear Abe and Kuroda singing "190 by April fools day" to the backing track of Somewhere over the Rainbow. When played forwards at a speed of 0.618 x pi you find blueprints for a machine that will take you to forex alien's home planet.
  • #9,784
  • Edited 7:31pm Apr 1, 2015 7:09pm | Edited 7:31pm
We can go see his home planet??.....

eta....buy the crap out of the aussie on that news drop....7700 target for those Elliott wave followers.
  • #9,785
  • Apr 1, 2015 8:07pm Apr 1, 2015 8:07pm
Quoting Mpt
{quote} And if you take every 8th movement from the tick chart over the last 64 hours, encode the sequence to tones and play it backwards, you hear Abe and Kuroda singing "190 by April fools day" to the backing track of Somewhere over the Rainbow. When played forwards at a speed of 0.618 x pi you find blueprints for a machine that will take you to forex alien's home planet.
.
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The More You Learn, The More You Earn.....
  • #9,786
  • Apr 1, 2015 8:37pm Apr 1, 2015 8:37pm
Quoting AllyB
morning all good nights sleep dustbin levels for your viewing pleasure {image}
Thank you, Ally.

The GJ is currently ranging. Now is the good time to cook some breakfast, I think.
  • #9,787
  • Apr 2, 2015 12:11am Apr 2, 2015 12:11am
Quoting forexalien
{quote} . {image}
Sweet post. Very cool pic Alien, I sure hope for 190 but something tells me they are gonna try to shake us out of our long positions first.
Be humble or be humbled.
  • #9,788
  • Apr 2, 2015 12:19am Apr 2, 2015 12:19am
Quoting Gbp/jpy
We can go see his home planet??..... eta....buy the crap out of the aussie on that news drop....7700 target for those Elliott wave followers.
We'll all go together and I promise l'll hold your hand.
  • #9,789
  • Edited 3:39am Apr 2, 2015 1:27am | Edited 3:39am
All going as expected so far, added one more trade with TP just below 178

Edit: Bad PMI news kicked me out, gonna stay flat for a while and see how the PA develops
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  • #9,790
  • Edited 2:35am Apr 2, 2015 1:30am | Edited 2:35am
Quoting Gbp/jpy
We can go see his home planet??..... eta....buy the crap out of the aussie on that news drop....7700 target for those Elliott wave followers.
I'm with you on this one, just got triggered on the 15M demand zone

Edit: Couldn't' break 0.761, I'm out of this trade for now with a small profit
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  • #9,791
  • Apr 2, 2015 3:30am Apr 2, 2015 3:30am
Morning team,
I see a little movement on London open but nothing special. I hope, but fully expect to be disappointed that this isn't a theme for the day. Weekend of bank holidays means that this is the last day for much of the western world; just NFPs left.
  • #9,792
  • Apr 2, 2015 3:56am Apr 2, 2015 3:56am
Anyway, G/J is trading 1/4 and Im flat, still waiting for 1/2 or/and DP. Volatility is decreased and I recommend to stay out for now until better conditions are given. Since price behave like we are in a ranging market atm.
  • #9,793
  • Apr 2, 2015 4:01am Apr 2, 2015 4:01am
Quoting forexalien
{quote} . {image}
Nice alien, high definition?
  • #9,794
  • Apr 2, 2015 4:07am Apr 2, 2015 4:07am
By the way, a little bit longer-term look on XAUUSD from a demand/supply perspective if anyone is interested

Daily downtrend seems to be holding for now, 4h uptrend was broken and tested, 15M uptrend was broken and supply was tested.

There was lots of trading in the 1198-1224 area, but 1154 is a good target on the downside so I'm trying a short. Wouldn't bet the farm here
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  • #9,795
  • Apr 2, 2015 4:19am Apr 2, 2015 4:19am
Quoting FX-Ray
Anyway, G/J is trading 1/4 and Im flat, still waiting for 1/2 or/and DP. Volatility is decreased and I recommend to stay out for now until better conditions are given. Since price behave like we are in a ranging market atm.
Welcome back Ray, how was the day off?
If price reaches the 1/2 level I may be tempted if things liven up a bit but otherwise we can hope for the N.Y. open.
  • #9,796
  • Apr 2, 2015 4:21am Apr 2, 2015 4:21am
Anyway, E/U delivered some better opportunities early in the morning, catched a nice long at 60ish, took profits @ 1.0830ish. Nice quick run.
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  • #9,797
  • Apr 2, 2015 4:23am Apr 2, 2015 4:23am
U/J:
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  • #9,798
  • Apr 2, 2015 4:26am Apr 2, 2015 4:26am
G/U:
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  • #9,799
  • Apr 2, 2015 4:28am Apr 2, 2015 4:28am
Quoting anima999
{quote} Welcome back Ray, how was the day off? If price reaches the 1/2 level I may be tempted if things liven up a bit but otherwise we can hope for the N.Y. open.
Thanks anima999, it wasnt a day off, I worked on some other projects. 1/2 is important since we also got the daily close there too (26th march). According to price behaviour (weakness) DP 175.80/70 is likely. If 1/2 should hold as support we could see a test DP 178.10/00 again. Nontheless I dont like price behaviour atm, thats why Im flat in G/J.

Add: Its important to recognize those market stages and to stay out, its as important as having a position.
  • #9,800
  • Apr 2, 2015 4:35am Apr 2, 2015 4:35am
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