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Dragon Riders GBP/JPY

  • #10,381
  • Apr 14, 2015 11:19am Apr 14, 2015 11:19am
Hope everyone had a good day.

See you all tomorrow
  • #10,382
  • Apr 14, 2015 11:59am Apr 14, 2015 11:59am
Quoting raiders
Taking a shot. Went short at 176.25. This move is bullshit to me with the levels it broke already
dumb trade. shouldnt have gone back in. going to try to get out at be if poss. but who knows with this pair now
  • #10,383
  • Apr 14, 2015 12:02pm Apr 14, 2015 12:02pm
Quoting raiders
{quote} dumb trade. shouldnt have gone back in. going to try to get out at be if poss. but who knows with this pair now
Just walk away. Cut it while you can. It will only eat more capital otherwise....
  • #10,384
  • Apr 14, 2015 1:12pm Apr 14, 2015 1:12pm
Quoting Talzus
{quote} why would you take profit? why not just move the SL to that level, its the same as a TP but without taking you out the market? you could still make pips then?
Depending on broker you may not be able to move your SL that close to the current price.
  • #10,385
  • Apr 14, 2015 1:19pm Apr 14, 2015 1:19pm
Quoting anima999
{quote} Depending on broker you may not be able to move your SL that close to the current price.
Ahh. Ok that makes sense
  • #10,386
  • Apr 14, 2015 1:41pm Apr 14, 2015 1:41pm
risking a small short here tight SL @ 176.7 targetting 175.8/7
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  • #10,387
  • Apr 14, 2015 2:35pm Apr 14, 2015 2:35pm
Quoting thegmann
risking a small short here tight SL @ 176.7 targetting 175.8/7 {image}
Possible. If cable breaks below 1.47600, I expect 176.00/175.80 as the next main support for the geppy.

Cable is being ridiculously stubborn at 1.47600; following a breach above, we've tested it it 4 times already, and price hasn't moved out of the 1.47600~1.4800 range for 7 hours or so. Compared to the Aussie and the Euro, I'd say this hesitation is due to the sterling strength.

Currently have a small short for the cable at 1.47950, but I need a break of 1.47600 before adding more. If we can't close below it then I'm closing. Hard SL is at 1.48250.
  • #10,388
  • Apr 14, 2015 3:49pm Apr 14, 2015 3:49pm
[quote=thegmann;8205069]risking a small short here tight SL @ 176.7 targetting 175.8/7
Asending triangle here, may break trendline for head fake or continue to measured objective from here, im long at 176.45
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  • #10,389
  • Apr 14, 2015 4:02pm Apr 14, 2015 4:02pm
Quoting Vermillion
{quote} Possible. If cable breaks below 1.47600, I expect 176.00/175.80 as the next main support for the geppy. Cable is being ridiculously stubborn at 1.47600; following a breach above, we've tested it it 4 times already, and price hasn't moved out of the 1.47600~1.4800 range for 7 hours or so. Compared to the Aussie and the Euro, I'd say this hesitation is due to the sterling strength. Currently have a small short for the cable at 1.47950, but I need a break of 1.47600 before adding more. If we can't close below it then I'm closing. Hard SL is...
yeah its a stubborn trade right now but worth it with the tight SL
  • #10,390
  • Edited 5:14pm Apr 14, 2015 4:59pm | Edited 5:14pm
[quote=OpenRoad;8205212]
Quoting thegmann
risking a small short here tight SL @ 176.7 targetting 175.8/7 Asending triangle here, may break trendline for head fake or continue to measured objective from here, im long at 176.45 {image}
we'll see... I will quickly reverse my position with break higher. This is just tight short.
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  • #10,391
  • Apr 14, 2015 5:17pm Apr 14, 2015 5:17pm
Yup u never know, sometimes ascending triangles will turn into decending triangles, stop at 176.15 break of 176.58 confirms[quote=thegmann;8205296]
Quoting OpenRoad
{quote} we'll see... I will quickly reverse my position with break higher. This is just tight short. {image} {image}
  • #10,392
  • Apr 15, 2015 3:57am Apr 15, 2015 3:57am
all clear for an aussie sell market....pound yen.....?
  • #10,393
  • Apr 15, 2015 4:55am Apr 15, 2015 4:55am
Quoting Gbp/jpy
all clear for an aussie sell market....pound yen.....?
I don't know what you mean by the "all clear" for aussie sell market. Long from 0.7574 on AU here, expecting a retracement to 20 daily ema / 0.7667 zone

Just watching the pound yen for now. 175.8 is last week's DP and it seems it still has significance. Will go long if it holds
  • #10,394
  • Apr 15, 2015 5:04am Apr 15, 2015 5:04am
Quoting alexpi
{quote} I don't know what you mean by the "all clear" for aussie sell market. Long from 0.7574 on AU here, expecting a retracement to 20 daily ema / 0.7667 zone Just watching the pound yen for now. 175.8 is last week's DP and it seems it still has significance. Will go long if it holds
If you're talking weekly 55 ema or daily Bollinger band support, either way they break
  • #10,395
  • Apr 15, 2015 5:17am Apr 15, 2015 5:17am
Quoting Mpt
{quote} If you're talking weekly 55 ema or daily Bollinger band support, either way they break
Yes, they're broken (might be, I don't use them, so don't know), but anyway. We're in correction atm, here's what I mean

The grey non-continuous line is 20 D1 EMA and 1H is currently compressing with a slight bullish tendency. Breaking 0.761 will open the doors for a higher move, if it doesn't happen I'll just get out
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  • #10,396
  • Apr 15, 2015 5:22am Apr 15, 2015 5:22am
And a break of Daily 20 EMA could open the doors for the move up to Weekly trendline

Wouldn't put down any money on that just yet though. Don't see any fundamental support for such a big correction

Edit: Though the continuous bad results for USA economy could let that happen, and no rate hike in September combined with so-so news for Australia can lead to even higher moves to Monthly tl ...
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  • #10,397
  • Apr 15, 2015 6:33am Apr 15, 2015 6:33am
Quoting Dr.Phoenix
{quote} Yep !!! RUB was strengthening so fast yesterday that I began thinking that my target at 48-50 till the year ends would be hit much faster than I had previously thought. It is possible to see 50 rub/$ in the summer. Best, D.P.
So, a calendar month has run out and I must say I seem to have made a wrong supposition a month ago. I was wrong !

The 50 rub/$ level has already been hit. The summer has not even begun yet.

So, what is the next level and how long for it?

Best,
D.P.
Hunting High and Low
  • #10,398
  • Apr 15, 2015 6:35am Apr 15, 2015 6:35am
Quoting Dr.Phoenix
{quote} So, a calendar month has run out and I must say I seem to have made a wrong supposition a month ago. I was wrong ! The 50 rub/$ level has already been hit. The summer has not even begun yet. So, what is the next level and how long for it? Best, D.P.
Hi Dr. Phoenix, please respect the rules of the thread. We are in Geppy thread and not in russian propaganda thread!
Fix up, trade sharp ...
  • #10,399
  • Apr 15, 2015 6:38am Apr 15, 2015 6:38am
Quoting Hickson
{quote} Hi Dr. Phoenix, please respect the rules of the thread. We are in Geppy thread and not in russian propaganda thread!
Hick, how is the above Russian propaganda?
  • #10,400
  • Apr 15, 2015 6:40am Apr 15, 2015 6:40am
Quoting Hickson
{quote} Hi Dr. Phoenix, please respect the rules of the thread. We are in Geppy thread and not in russian propaganda thread!
Ohh, Sorry, I have not really thought of what would be a propaganda about the rub cross.
I thought that some traders would be interested in as they have been trading it.
Sorry, Geppy.

Best,
D.P.
Hunting High and Low
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