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Dragon Riders GBP/JPY

  • #10,741
  • Apr 24, 2015 3:34pm Apr 24, 2015 3:34pm
Yeah I'm out. I changed my mind a bunch this week as to what pair I would like to learn and it is NOT GBP/JPY. There were 11 data releases in the US all were pretty much negative. The S&P, DOW and NASDAQ are at record highs and GBP/JPY went right along. I found a pair not correlated to equities. Done with this bullshit.
Be humble or be humbled.
  • #10,742
  • Apr 24, 2015 4:48pm Apr 24, 2015 4:48pm
Quoting benaiah
stuck in a 20 pip range. But trying to stay above 177.8 If I was comfortable holding over the weekend, I think a long bias next week. Should attack 181... Of course I could be wrong. But this looks like the bottom to me. Strong bounce off of a key level this week... Guess we'll see...

It looks like we should target 182.20 for next week, if we can get above that, then maybe 183.35.

But we'll need to make it above 181, and find support, otherwise might be a pull-back and good opportunity for entering long at a better price...

If we can't break 181, then could range between 180-181.

A fall below 180, I'd look for a buying opportunities around 179.65-29, 178.90-59.

And if we fall to 178.40-60, I'd expect every GJ bull on the planet to pile on, ha ha
  • #10,743
  • Apr 25, 2015 12:46am Apr 25, 2015 12:46am
Any fall back next week to or below 178.5 would be suggestive of a larger retracement back towards 176.5
  • #10,744
  • Apr 26, 2015 3:19pm Apr 26, 2015 3:19pm
changing my view. It pushes higher.
  • #10,745
  • Apr 26, 2015 3:56pm Apr 26, 2015 3:56pm
From Dec 2013 to Aug 2014 the MMA 200 was resistance, the close of Sep 2014 was the tell imho..In the last two Weeks we touched the MMA 200 *zone* for the first time in 5 Months.. The Weekly 50/60 Ma's are a big zone for Institutional parked orders so the confluence is there too..We have a bullish close of 79% in the range of last Weeks bar and the H4 20ma looks to be picking up intra orders..The Monthly 50 Fib maybe the breaking point ?..Maybe 184+ coming up ?

Theorizing is all it is and the UK elections could do some damage to the bull minded..

I hope everyone has a good Week..


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Memories caught in time but never forgotten
  • #10,746
  • Apr 26, 2015 4:26pm Apr 26, 2015 4:26pm
took me 10 years to find my message inbox.....cool. buy on the eur/aud huh!
  • #10,747
  • Apr 26, 2015 9:50pm Apr 26, 2015 9:50pm
looking at AU and GU long. Hoping to get some nice pips in before wed news. if fmoc is no news both can jump nicely
  • #10,748
  • Apr 27, 2015 2:01am Apr 27, 2015 2:01am
Hello, hope everyone had a good weekend!

Edit: raiders, I'm with you on gu, but no good price action supporting longs for now...
  • #10,749
  • Apr 27, 2015 6:31am Apr 27, 2015 6:31am
Quoting j4d
From Dec 2013 to Aug 2014 the MMA 200 was resistance, the close of Sep 2014 was the tell imho..In the last two Weeks we touched the MMA 200 *zone* for the first time in 5 Months.. The Weekly 50/60 Ma's are a big zone for Institutional parked orders so the confluence is there too..We have a bullish close of 79% in the range of last Weeks bar and the H4 20ma looks to be picking up intra orders..The Monthly 50 Fib maybe the breaking point ?..Maybe 184+ coming up ? Theorizing is all it is and the UK elections could do some damage to the bull minded.....
that's a great post.....thanks...amazing on the monthly....!!
  • #10,750
  • Apr 27, 2015 10:22am Apr 27, 2015 10:22am
not on my main platform but here's quick chart from FF markets tab. Took short at 181.5 see if this downward TL holds.
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  • #10,751
  • Apr 27, 2015 11:42am Apr 27, 2015 11:42am
Quoting alexpi
Hello, hope everyone had a good weekend! Edit: raiders, I'm with you on gu, but no good price action supporting longs for now...
there was no good price action lol i was thinking the same thing earlier. went to sleep and missed what i was waiting for. mad as hell right now. anyways im looking for a pullback in hopes of getting a nice price
  • #10,752
  • Apr 27, 2015 12:09pm Apr 27, 2015 12:09pm
Quoting thegmann
not on my main platform but here's quick chart from FF markets tab. Took short at 181.5 see if this downward TL holds. {image}
whay hail....I didn't even see that down trend line get hit.....thanks for the chart....thegmann
I was too busy stacking " Z's "
I think the g/j just cleared out past the 50 % Fibo.....huge
  • #10,753
  • Apr 27, 2015 12:23pm Apr 27, 2015 12:23pm
Should I close my short now then or hold?..
  • #10,754
  • Edited 1:08pm Apr 27, 2015 12:57pm | Edited 1:08pm
Howdy Riders.

^ I wont be closing my long from 180.400 without fight.
  • #10,755
  • Apr 27, 2015 1:10pm Apr 27, 2015 1:10pm
Quoting Kissa
Howdy raiders. ^ I wont be closing my long from 180.400 without fight.
We're the same, man......cool
about closing the sell trades....the market is psychotic these days to quote my buddy Ian Copsey.....so a short trade is ok, but the fibo traders say close it.
  • #10,756
  • Apr 27, 2015 2:01pm Apr 27, 2015 2:01pm
Very good position to short now :-?
  • #10,757
  • Apr 27, 2015 3:10pm Apr 27, 2015 3:10pm
Quoting raiders
{quote} there was no good price action lol i was thinking the same thing earlier. went to sleep and missed what i was waiting for. mad as hell right now. anyways im looking for a pullback in hopes of getting a nice price
I caught parts of it but the bad liquidity worried me so I got 15 pips on 1 long and 18 on another, missed quite a bit of the move. On any other day I would've held from 1.51098, where my first long was, but the low volatility/liquidity really worried me so I just got out at the small/safe/"soft" targets - 1.5125 and 1.518
  • #10,758
  • Apr 27, 2015 3:50pm Apr 27, 2015 3:50pm
Quoting alexpi
{quote} I caught parts of it but the bad liquidity worried me so I got 15 pips on 1 long and 18 on another, missed quite a bit of the move. On any other day I would've held from 1.51098, where my first long was, but the low volatility/liquidity really worried me so I just got out at the small/safe/"soft" targets - 1.5125 and 1.518
im debating weather to even get in until tomorrow at this point. no need to be sitting in chop. Im thinking if theres a nice pullback to say 1.519 and that holds then ill try to get in there. if not then im not sure because i dont want to chase anything.

on AU if 784 holds then ill look there also although theres not as much room to run
  • #10,759
  • Apr 27, 2015 3:54pm Apr 27, 2015 3:54pm
IS THIS RIGHT ?
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"I'm not answering stupid questions."
  • #10,760
  • Apr 27, 2015 4:00pm Apr 27, 2015 4:00pm
Nice day for longs,,, if one was long. I longed GJ this AM just after the NY open @ 180.57 and TP @181.42 with success. Also scored long on EU, so a good day to be long. Currently watching for a rejection here in the 181.5 area before taking the short plunge, other wise looking for another long opportunity.
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