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Dragon Riders GBP/JPY

  • #9,921
  • Apr 7, 2015 6:20am Apr 7, 2015 6:20am
Short right now because Its has pushed overbought in bollinger bands. However, GBP is strong at the moment and with election coming up, they will be avoiding pumping out any negative data. Thats why I'm uncertain on my position. Hoping that from overbought momentum and strong supports at 178.75 that it will head downwards for my TP at 178.10.
  • #9,922
  • Apr 7, 2015 6:22am Apr 7, 2015 6:22am
Grabbed a second long, looking to exit on top, then looking to short from 179 for now, will observe carefully and might close if price keeps penetrating higher. My SL is 179.4 for now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 25 KB
  • #9,923
  • Edited 7:11am Apr 7, 2015 6:51am | Edited 7:11am
Quoting alexpi
Grabbed a second long, looking to exit on top, then looking to short from 179 for now, will observe carefully and might close if price keeps penetrating higher. My SL is 179.4 for now {image}
I should have taken the long but nevermind now. NY open in 10mins.

I too have a short orer at 179 but watching very close.

EDIT
If we do get above 179 then there is a big old space until the next DP.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB


EDIT 2

One rejection of DP at ~.950.
I'm leaving short in place at 179.
  • #9,924
  • Apr 7, 2015 7:11am Apr 7, 2015 7:11am
Quoting FX-Ray
Decision points calendar week 15 for [Drag-on]: (0A) 200.90/80 (01) 199.60/50 (02) 197.70/60 (03) 196.30/20 (04) 195.50/40 (05) 193.50/40 (06) 191.30/20 (07) 190.90/80 (08) 190.20/10 (09) 188.20/10 (10) 187.30/20 (11) 186.40/30 (12) 186.20/10 (13) 185.40/30 (14) 184.00/3.90 (15) 183.70/60 (16) 183.20/10 (17) 181.20/10 (18) 179.00/8.90 (19) 178.60/50 (20) 177.90/80 (21) 175.80/70 (22) 175.00/4.90 (23) 174.10/00 (24) 173.90/80 (25) 173.10/00 (26) 171.70/60 (27) 171.40/30 (28) 170.90/80 (29) 168.90/80 (30) 166.40/30 (31) 165.50/40 (0G) 162.90/80 Wish...
DP 177.90/80 positive. Overcame DP 178.60/50 and DP 179.00/8.90 printed; if positive I got 180.10/00 as next target, otherwise 178.60/50 is next.
  • #9,925
  • Apr 7, 2015 7:15am Apr 7, 2015 7:15am
TP was hit and my order was triggered but I've just closed it with very minor +1pip proift. I want to wait and see if DP is positive before taking a position here.

Edit: Reason is that I didn't see the strong rejection of 179 I was hoping for.
  • #9,926
  • Apr 7, 2015 7:21am Apr 7, 2015 7:21am
Quoting FX-Ray
{quote} DP 177.90/80 positive. Overcame DP 178.60/50 and DP 179.00/8.90 printed; if positive I got 180.10/00 as next target, otherwise 178.60/50 is next.
Good afternoon Ray,
I like the way you have coloured and labeled the 1/2 levels this week in your template. After last week I had decided to delete the 1/4 levels before using as well but you also seem to have left them off.

Looking at the M1 I think I might move the short to .940 as it has been rejected there previously.
Just noticed UJ is rising fast and cable has stopped it climb.
  • #9,927
  • Edited 7:35am Apr 7, 2015 7:25am | Edited 7:35am
Quoting anima999
{quote} Good afternoon Ray, I like the way you have coloured and labeled the 1/2 levels this week in your template. After last week I had decided to delete the 1/4 levels before using as well but you also seem to have left them off. Looking at the M1 I think I might move the short to .940 as it has been rejected there previously. Just noticed UJ is rising fast and cable has stopped it climb.
I found many have problems how to treat the levels so I decided to label them, so things get clear. 1/4s are risky, maybe it was a mistake to add them in the template, I still use them though. I just added the most crucial points to simplify it.

For U/J: As I mentioned in Post #9801; Level still holding; 120.12 important atm.
Attached Image (click to enlarge)
Click to Enlarge Name: uj3.png Size: 52 KB
  • #9,928
  • Apr 7, 2015 7:34am Apr 7, 2015 7:34am
Quoting FX-Ray
{quote} I found many have problems how to treat the levels so I decided to label them, so things get clear. 1/4s are risky, maybe it was a mistake to add them in the template, I still use them though. I just added the most crucial points to simplify it. For U/J: As I mentioned in Post #9801; Level still holding; 120.12 important atm.
You're not wrong.

U/J If 120.12 holds as support then ~121.10ish the next important level? Presumably if that happens we will hopefully see a positive DP 179.

EDIT
Short just got triggered with a reasonable (not great) reject of 179.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #9,929
  • Apr 7, 2015 7:36am Apr 7, 2015 7:36am
Quoting anima999
{quote} You're not wrong. U/J If 120.12 holds as support then ~121.10ish the next important level? Presumably if that happens we will hopefully see a positive DP 179.
120.75 optimally, watch in daily.
  • #9,930
  • Apr 7, 2015 7:41am Apr 7, 2015 7:41am
Quoting anima999
{quote} You're not wrong. U/J If 120.12 holds as support then ~121.10ish the next important level? Presumably if that happens we will hopefully see a positive DP 179. EDIT Short just got triggered with a reasonable (not great) reject of 179. {image}
You are right. RR is great.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 4 KB
Fix up, trade sharp ...
  • #9,931
  • Edited 8:01am Apr 7, 2015 7:48am | Edited 8:01am
Quoting Hickson
{quote} You are right. RR is great. {image}
Was hoping for a bit more than 10 pips though, especially as the 178.5 is not a million miles away. Given UJ holding then I'm increasingly scepticle about my position.

EDIT
Closed for small profit.
  • #9,932
  • Apr 7, 2015 8:05am Apr 7, 2015 8:05am
Hi All,

Does anybody have explanation for this !
This is Roboforex Chart for GBPJPY-H1.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-07_173030.png Size: 7 KB
  • #9,933
  • Apr 7, 2015 8:08am Apr 7, 2015 8:08am
Quoting Tryfoss
Hi All, Does anybody have explanation for this ! This is Roboforex Chart for GBPJPY-H1. {image}
Bucket shop
  • #9,934
  • Apr 7, 2015 8:08am Apr 7, 2015 8:08am
Quoting FX-Ray
{quote} 120.75 optimally, watch in daily.
Hope you had great long weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily47.jpg Size: 283 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,935
  • Apr 7, 2015 8:10am Apr 7, 2015 8:10am
Candle low is: 163.706

Also I don't know what "Bucket Shop" Means.
And what is the coming next.
actually this fake candle closed all my positions in profit!
what brokers do in this situations.
  • #9,936
  • Apr 7, 2015 8:14am Apr 7, 2015 8:14am
Quoting Tryfoss
Hi All, Does anybody have explanation for this ! This is Roboforex Chart for GBPJPY-H1. {image}
Explanation: Scam Broker.
Fix up, trade sharp ...
  • #9,937
  • Apr 7, 2015 8:18am Apr 7, 2015 8:18am
Quoting Tryfoss
Hi All, Does anybody have explanation for this ! This is Roboforex Chart for GBPJPY-H1. {image}
This on ActiveTrades.
minus 16k euro on depot.
I hope they enjoy the massive rebalance because they are more depots like this.
  • #9,938
  • Apr 7, 2015 8:19am Apr 7, 2015 8:19am
Quoting Tryfoss
Candle low is: 163.706 Also I don't know what "Bucket Shop" Means. And what is the coming next. actually this fake candle closed all my positions in profit! what brokers do in this situations.
Just take it and run. Sometimes, the brokerage "manipulates" chart ticks on their behalf (e.g. hunt for stop losses). This is one good illustration of that happening. Don't even say anything. Let them figure it out.
Lost....
  • #9,939
  • Apr 7, 2015 8:36am Apr 7, 2015 8:36am
Quoting Tryfoss
Hi All, Does anybody have explanation for this ! This is Roboforex Chart for GBPJPY-H1. {image}
what broker are you using?
  • #9,940
  • Apr 7, 2015 8:41am Apr 7, 2015 8:41am
Price just had another stab at 179, anyone take a short?
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