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Dragon Riders GBP/JPY

  • #9,961
  • Apr 7, 2015 9:59am Apr 7, 2015 9:59am
Okay ActiveTrade client here.

Got my money back.
My trades were re-opened so i can close them manually.

On a side note they funded 20k too much but withdrawed them instantly :-)
  • #9,962
  • Apr 7, 2015 10:07am Apr 7, 2015 10:07am
Quoting Etecy
Okay ActiveTrade client here. Got my money back. My trades were re-opened so i can close them manually. On a side note they funded 20k too much but withdrawed them instantly :-)
Shame.

Just got stopped on my long for a small loss. My trading day probably coming to an end now as its 1600 (UK), overall I'm slightly up.
  • #9,963
  • Apr 7, 2015 10:28am Apr 7, 2015 10:28am
so, that dp is positive....cool
  • #9,964
  • Apr 7, 2015 10:29am Apr 7, 2015 10:29am
GBPUSD is down , USDJPY is up , what you gonna do for GBPJPY now ?
  • #9,965
  • Edited 12:19pm Apr 7, 2015 11:57am | Edited 12:19pm
Quoting edyraper
GBPUSD is down , USDJPY is up , what you gonna do for GBPJPY now ?
If the cable breaks 1.4840/30 and falls to lower supports, gbp/jpy will probably follow it to a degree.

IF gbp/usd goes down, the gbp/jpy will go down as well-the only question being how much in most cases. Sometimes it follows it proportionally, at others it barely follows it. It'll depend on usd/jpy power.

If major currencies are all being squeezed downwards by a surge in USD bulls, then we should see a slight drop in the gbp/jpy. The operative word is "should". Honestly, I wouldn't trade with the expectation of hitting optimal targets for the gbp/jpy right now. FOMC minutes will lead to interesting movements in the day prior.

For the gbp/usd, I'm eyeing 1.4840/30, 1.4800/80, 1.4760/50 as the current three main supports.

If I have to make a call for the geppy, I'd be in favor of scalping a short, since euro/usd and gbp/usd seem to be interesting in heading down a leg before FOMC minutes.
  • #9,966
  • Apr 7, 2015 12:38pm Apr 7, 2015 12:38pm
Quoting Vermillion
{quote} If the cable breaks 1.4840/30 and falls to lower supports, gbp/jpy will probably follow it to a degree. ... I'd be in favor of scalping a short, since euro/usd and gbp/usd seem to be interesting in heading down a leg before FOMC minutes.
i would have thought this event would weaken usd, given the last reaction to fomc.

but yeah, seems not
  • #9,967
  • Apr 7, 2015 1:02pm Apr 7, 2015 1:02pm
Shorting from 1.49000, profits locked in with stop loss at 1.48815. Optimal TP at 1.47500.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (146).png Size: 23 KB


To clarify for those are confused about the graph (if there are any): First red line is my hard stop loss, second red line is my optimal TP zone.

You can't really see my sell order line, since it's covered by the 50% fibonacci retracement S/R line.
  • #9,968
  • Edited 5:27pm Apr 7, 2015 1:11pm | Edited 5:27pm
Quoting Vermillion
Shorting from 1.49000, profits locked in with stop loss at 1.48815. Optimal TP at 1.47500. {image} To clarify for those are confused about the graph (if there are any): First red line is my hard stop loss, second red line is my optimal TP zone. You can't really see my sell order line, since it's covered by the 50% fibonacci retracement S/R line.
Breakdown below 1.4840/30 confirmed. Moved SL forward and locked in 10 pips more (now 28.5) in hard SL profit.

Currently watching 1.4800/1.47800 as the next support. If 1.47500 is printed, I will take profit no matter what happens, even if the price were to dip even lower than that.

Update: Move SL forward to 1.48600. 40 pips in total profit locked in.

Update 2: SL moved forward to 1.48450. Possibly going to cash in earlier depending on price movement.
  • #9,969
  • Apr 7, 2015 8:28pm Apr 7, 2015 8:28pm
Quoting Vermillion
{quote} Breakdown below 1.4840/30 confirmed. Moved SL forward and locked in 10 pips more (now 28.5) in hard SL profit. Currently watching 1.4800/1.47800 as the next support. If 1.47500 is printed, I will take profit no matter what happens, even if the price were to dip even lower than that. Update: Move SL forward to 1.48600. 40 pips in total profit locked in. Update 2: SL moved forward to 1.48450. Possibly going to cash in earlier depending on price movement.
Manual close triggered at 1.48300 for the short. Cashed in 70 pips in profit. Lost about 25 pips from the daily low around 1.480xx, but I was hoping for a potential breakdown to 1.47800 or even 1.47500, so it wasn't too bad of a risk.

Currently doing a risky long at 1.48284, hard SL at 1.48015, manual soft SL, maximum TP at 1.4900.

Trade will probably be manually closed.

I'm concerned about 1.48400; if that thing holds as a solid resistance & downward trend seems to resume, I expect next supports to be at 1.4800, 1.47800, 1.47500. Each support has a variation of +/- 10 pips or so.
  • #9,970
  • Apr 8, 2015 12:54am Apr 8, 2015 12:54am
best trade now for safety and non-jumpiness.....is us yen......long for 121.something.....
  • #9,971
  • Apr 8, 2015 1:27am Apr 8, 2015 1:27am
Good morning

Seems like Asia was rather calm tonight
  • #9,972
  • Apr 8, 2015 2:59am Apr 8, 2015 2:59am
Quoting Vermillion
{quote} Manual close triggered at 1.48300 for the short. Cashed in 70 pips in profit. Lost about 25 pips from the daily low around 1.480xx, but I was hoping for a potential breakdown to 1.47800 or even 1.47500, so it wasn't too bad of a risk. Currently doing a risky long at 1.48284, hard SL at 1.48015, manual soft SL, maximum TP at 1.4900. Trade will probably be manually closed. I'm concerned about 1.48400; if that thing holds as a solid resistance & downward trend seems to resume, I expect next supports to be at 1.4800, 1.47800, 1.47500....
And done. Closed my gbp/usd longs (from 1.48284) at 1.4900 for around 71 pips in profit.
  • #9,973
  • Apr 8, 2015 3:02am Apr 8, 2015 3:02am
Quoting Vermillion
{quote} And done. Closed my gbp/usd longs (from 1.48284) at 1.4900 for around 71 pips in profit.
Nice

GJ is on the move.
Attached Image (click to enlarge)
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No rejection of the DP yet.
  • #9,974
  • Apr 8, 2015 3:04am Apr 8, 2015 3:04am
Quoting anima999
{quote} Nice GJ is on the move now.
Be wary of potential corrections down for a couple dozen pips for pound sterling currency pairs. I'm a bit iffy around these prices.
  • #9,975
  • Apr 8, 2015 3:08am Apr 8, 2015 3:08am
Quoting Vermillion
{quote} Be wary of potential corrections down for a couple dozen pips for pound sterling currency pairs. I'm a bit iffy around these prices.
Yep, I'm waiting for a good entry. Got (minor) news in 30mins but in lieu of any significant events I'm cautious about the impact.

I've got my eyeball on the 1/2 DP 178.2 for a possible buy. There was some support there last night.
  • #9,976
  • Apr 8, 2015 3:36am Apr 8, 2015 3:36am
Quoting Vermillion
{quote} And done. Closed my gbp/usd longs (from 1.48284) at 1.4900 for around 71 pips in profit.
I have made a chart . Will also take partial somwhere here. Little fixed partial is set at ,491, rest is manual.
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #9,977
  • Apr 8, 2015 3:38am Apr 8, 2015 3:38am
Added another risky long at around 1.48924 (this assumes we'll breach 1.49000).

Hard SL at 1.48700, manual soft SL. Maximum optimal target is 1.4970/60. There's a good chance of me leaving the market early with only a couple dozen pips or so depending on price action.
  • #9,978
  • Apr 8, 2015 4:16am Apr 8, 2015 4:16am
178.5/7 is a break or fail place
  • #9,979
  • Apr 8, 2015 4:23am Apr 8, 2015 4:23am
178.9 is a break or fail price for the long too
  • #9,980
  • Apr 8, 2015 4:25am Apr 8, 2015 4:25am
Quoting Tom_D_Trader
{quote} I have made a chart . Will also take partial somwhere here. Little fixed partial is set at ,491, rest is manual. {image}
This is a late reply, but well done. I think we're testing a bit more to the upside from 1.49000.

I'm aiming for 1.4970/60 right now-what about you?
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