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Dragon Riders GBP/JPY

  • #10,321
  • Apr 13, 2015 5:53am Apr 13, 2015 5:53am
Quoting anima999
{quote} Don't know but I'm guessing a whale just made a move. Bust the .400 level but rejected hard at approximately .300
Nah, it was a knee jerk reaction to Hamada's uttering.
  • #10,322
  • Edited 6:17am Apr 13, 2015 6:05am | Edited 6:17am
Quoting thegmann
woahhh lol kind of glad got out my long before now... {image}
Abe's advisor is being a jackass. To be honest though, if you're looking to hold trades on a mid-term basis (weeks ~ months), this may be a decent price to load, since the yen has nowhere to go in 2015 but be devalued over time.

I'm worried about the geppy; pound sterling seems like it wants to test a bit higher, but gbp/jpy's stuck in a glut thanks to the hawkish yen announcement. Maybe it'll be stuck in a range?

Update: Shorts for gbp/usd triggered at 1.46530. I knew it was a good idea to close previous shorts early. 13 free pips.

Update 2: Getting a bad feeling about gbp/usd.....It may go up to 1.4700/1.4690 before coming down again. I have my finger on the mouse.
  • #10,323
  • Apr 13, 2015 6:10am Apr 13, 2015 6:10am
Damn...that wick really pisses me off now...Could open up the downside.

This is some PA if i've ever seen it. Up, down, up, down, spike here, spike there
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  • #10,324
  • Apr 13, 2015 6:18am Apr 13, 2015 6:18am
Quoting Vermillion
{quote} Abe's advisor is being a jackass. To be honest though, if you're looking to hold trades on a mid-term basis (weeks ~ months), this may be a decent price to load, since the yen has nowhere to go in 2015 but be devalued over time. I'm worried about the geppy; pound sterling seems like it wants to test a bit higher, but gbp/jpy's stuck in a glut thanks to the hawkish yen announcement. Maybe it'll be stuck in a range? Update: Shorts for gbp/usd triggered at 1.46530. I knew it was a good idea to close previous shorts...
By devalue do you mean it goes up towards 125-130 or down towards 105?
  • #10,325
  • Apr 13, 2015 6:20am Apr 13, 2015 6:20am
Quoting thegmann
Damn...that wick really pisses me off now...Could open up the downside. {image}
Just trade the price action. Actually, you could just trade the cable instead. Cable is a leading indicator of geppy strength, after all. It'll be a close enough substitute.
  • #10,326
  • Apr 13, 2015 6:25am Apr 13, 2015 6:25am
Quoting thegmann
Damn...that wick really pisses me off now...Could open up the downside. This is some PA if i've ever seen it. Up, down, up, down, spike here, spike there {image} {image}
Technically Week 1 uptrend still looks intact, but with the coming election we might, might head lower. Im thinking of buying. Whats your take?
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  • #10,327
  • Apr 13, 2015 6:29am Apr 13, 2015 6:29am
Quoting Trendline
{quote} By devalue do you mean it goes up towards 125-130 or down towards 105?
yen being devalued = usd/jpy goes up. I expect a test of 125+ within this year at least, barring unforseen circumstances (ex: surprise economic stimulus, change in current state of economy in Japan and/or USA, etc.)
  • #10,328
  • Apr 13, 2015 6:29am Apr 13, 2015 6:29am
Quoting melvinlimmy
{quote} Technically Week 1 uptrend still looks intact, but with the coming election we might, might head lower. Im thinking of buying. Whats your take? {image}
I bought the first spike to 175.5 closed it out at 176.2, staying out for now will buy on daily close above 176.3 or possible retest of the lows and all the way up to 175. If we break 175 I am done with longs until after the election or we get that daily close above 176.3.

I have a pending long sitting at 175.05
  • #10,329
  • Apr 13, 2015 6:41am Apr 13, 2015 6:41am
In the past the rejection off the 175.5-176.3 zone was rather swift 100+ pips and happened in about a day after being hit, PA is having a very difficult time getting out of the zone this time around and we have broken even lower after hitting the low again (due to surprise BS but still) something doesn't feel right with me that we are heading higher like we have in the past. There is a lot of uncertainty and price is being wipped around.
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  • #10,330
  • Apr 13, 2015 7:04am Apr 13, 2015 7:04am
Quoting Vermillion
{quote} . Update 2: Getting a bad feeling about gbp/usd.....It may go up to 1.4700/1.4690 before coming down again. I have my finger on the mouse.
Yeah, not feeling good about gbp/usd shorts. Just closed my longs at 1.46470 for 5 pips in profit. I might add a long. We'll see.
  • #10,331
  • Apr 13, 2015 7:47am Apr 13, 2015 7:47am
Quoting Vermillion
{quote} yen being devalued = usd/jpy goes up. I expect a test of 125+ within this year at least, barring unforseen circumstances (ex: surprise economic stimulus, change in current state of economy in Japan and/or USA, etc.)
yep, the big
banks are saying 140 before the year is over....
  • #10,332
  • Edited 8:28am Apr 13, 2015 8:16am | Edited 8:28am
Quoting Vermillion
{quote} Yeah, not feeling good about gbp/usd shorts. Just closed my longs at 1.46470 for 5 pips in profit. I might add a long. We'll see.
Went long on gbp/usd on 1.46476, 1.46425. Initial targets are 1.4700, 1.473600, 1.47600

Manual soft SL, hard SL is 1.45900.

If my hard SL gets hit, I will be most displeased (which is probably why I'm currently glued to my screen and watching every tick)

Quoting Gbp/jpy
{quote} yep, the big banks are saying 140 before the year is over....
Yeah, there's also a guy from Societe Generale who says he's looking for 195+ within maybe a couple years, or so I've heard.
  • #10,333
  • Apr 13, 2015 8:25am Apr 13, 2015 8:25am
Quoting Vermillion
{quote} Went long on gbp/usd on 1.46476, 1.46425. Initial targets are 1.4700, 1.473600. Manual soft SL, hard SL is 1.45900. If my hard SL gets hit, I will be most displeased (which is probably why I'm currently glued to my screen and watching every tick) {quote} Yeah, there's also a guy from Societe Generale who says he's looking for 195+ within maybe a couple years, or so I've heard.
went short GJ 176.35 SL 176.6
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  • #10,334
  • Apr 13, 2015 8:30am Apr 13, 2015 8:30am
Quoting thegmann
{quote} went short GJ 176.35 SL 176.6 {image}
Good luck.

Where are you targeting, by the way?

Update: Moved SL for gbp/usd longs to 1.461150.
  • #10,335
  • Apr 13, 2015 8:33am Apr 13, 2015 8:33am
What a mess today. Glad I went to sleep and missed the madness.

Anyways, NU consolidating. If it stays like this, which i really hope it does, Im going to put out an order at .7420 and see if the news wants to bring me in for a 2nd time.
  • #10,336
  • Apr 13, 2015 11:44am Apr 13, 2015 11:44am
Quoting Vermillion
{quote} Good luck. Where are you targeting, by the way? Update: Moved SL for gbp/usd longs to 1.461150.
Im out of the trade price isn't really doing much we'll see what the CPI brings.
  • #10,337
  • Apr 13, 2015 11:58am Apr 13, 2015 11:58am
Adjusted SL on my gbp/usd longs to 1.46210.
  • #10,338
  • Apr 13, 2015 1:31pm Apr 13, 2015 1:31pm
take it from me
gbpjpy now for buy
long only

BUY market 176.25
SL 175.30
TP 178.5

resons
come back from down limit BolingerBands Daily frame
RSI going up from 30 line
the shape of candle
  • #10,339
  • Apr 13, 2015 2:42pm Apr 13, 2015 2:42pm
Big Numbers coming out for GBP not going to do anything until that hits during London Session
  • #10,340
  • Apr 13, 2015 3:04pm Apr 13, 2015 3:04pm
Quoting prns007
take it from me gbpjpy now for buy long only BUY market 176.25 SL 175.30 TP 178.5 resons come back from down limit BolingerBands Daily frame RSI going up from 30 line the shape of candle
GL i'm staying out for now, Daily close below 176.3 and bears still in control in my book. It's pretty much a gamble right now taking a position before the news could go up or down but market to me seems to be pricing in a down.
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