Dragon Riders GBP/JPY | Page 562 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #11,221
  • Jun 18, 2015 12:40am Jun 18, 2015 12:40am
Quoting PatienceFx
I follow Marriage & Divorce trading method when trading crosses. When parents are married GJ moves very fast and covers a lot of ground, like it happened yesterday before FOMC. At FOMC news the parents got divorced and UJ got the alimony taking GJ with her. GJ [ child ] = GU * UJ [ parents ]
cool, man...thanks for that......That 7:42 trade clobbered it again....crazy fun these days ...this pair from hail and eur/aud....
  • #11,222
  • Jun 18, 2015 5:20am Jun 18, 2015 5:20am
yellen is a genius, she achieved usd weakness across the board without raising rates.
  • #11,223
  • Jun 18, 2015 8:08am Jun 18, 2015 8:08am
Flag on 1H - upside or downside break?

What we thinking, continue of bullish or retrace?
  • #11,224
  • Jun 18, 2015 9:41am Jun 18, 2015 9:41am
Quoting Gbp/jpy
{quote} cool, man...thanks for that......That 7:42 trade clobbered it again....crazy fun these days ...this pair from hail and eur/aud....
here is a small sweet story for you

http://www.seniorark.com/Humor/spurn...%20revenge.htm

and UJ is doing exactly that since FOMC.
  • #11,225
  • Jun 18, 2015 10:08am Jun 18, 2015 10:08am
Short GBP/JPY. We just fulfilled the D extension on the H4 chart. Time for a nice drop! I'm looking for 193.20 or the .382 retracement level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 17 KB
Good luck and may the odds be ever in your favor!
  • #11,226
  • Jun 18, 2015 12:18pm Jun 18, 2015 12:18pm
Hi guys

Do we know what the BOJ I'd likely to say tonight?

I really don't wanna miss any big moves
  • #11,227
  • Jun 18, 2015 2:26pm Jun 18, 2015 2:26pm
why is it called the dragon :00?
  • #11,228
  • Jun 18, 2015 4:05pm Jun 18, 2015 4:05pm
Quoting Talzus
Hi guys Do we know what the BOJ I'd likely to say tonight? I really don't wanna miss any big moves
other than kurodas nonsense their news rarely moves anything
  • #11,229
  • Jun 18, 2015 11:21pm Jun 18, 2015 11:21pm
Quoting justin7
why is it called the dragon :00?
sorta the oriental slant.....and sorta what happens when ya enter a trade.....it's exactly like grabbing a dragons firebreathing flaming wildazz tail.....and getting drug through through the jungle....and then the mountains....then.....inti it's friggin lair....trade the eur/aud....
  • #11,230
  • Jun 19, 2015 3:29am Jun 19, 2015 3:29am
Quoting Gbp/jpy
{quote}sorta the oriental slant.....and sorta what happens when ya enter a trade.....it's exactly like grabbing a dragons firebreathing flaming wildazz tail.....and getting drug through through the jungle....and then the mountains....then.....inti it's friggin lair....trade the eur/aud....
I remember seeing a picture of a dragon drawn onto a gbpjpy chart I believe here lol can anyone post that?
  • #11,231
  • Edited 9:41am Jun 19, 2015 5:15am | Edited 9:41am
Quoting raiders
{quote} other than kurodas nonsense their news rarely moves anything
Good to know

I'm out til next week. hopefully it will retrace a little so I can get another buy

EDIT:

Speaking of which; If I can ask for some context.

I'm trading daily charts. Where you have a very very bullish movement like we've seen this week, price is pulling away from SMA/EMA, the candles are at a very sharp incline, would one expect the price to fall in the short term, or is it likely to continue the rate at which it is moving now?

I know this is subjective; looking at historical trends, they tend to be quite 'neat' this is starting to look like a gecko sunbathing with its neck out!

I feel price will go higher, I just dont want to long just before a correction.


Thoughts?

Edit 2 - Is there a way to calculate the potential correction?
  • #11,232
  • Jun 19, 2015 5:07pm Jun 19, 2015 5:07pm
yes, the projections have different ratio's than the corrections....
.
.
there's a better method though.....than looking at impulse or correction. more in a minute....
  • #11,233
  • Jun 20, 2015 5:33am Jun 20, 2015 5:33am
Quoting Gbp/jpy
yes, the projections have different ratio's than the corrections.... . . there's a better method though.....than looking at impulse or correction. more in a minute....
Dont forget about me
  • #11,234
  • Jun 20, 2015 8:38am Jun 20, 2015 8:38am
Quoting Talzus
{quote} Good to know I'm out til next week. hopefully it will retrace a little so I can get another buy EDIT: Speaking of which; If I can ask for some context. I'm trading daily charts. Where you have a very very bullish movement like we've seen this week, price is pulling away from SMA/EMA, the candles are at a very sharp incline, would one expect the price to fall in the short term, or is it likely to continue the rate at which it is moving now? I know this is subjective; looking at historical trends, they tend to be quite 'neat' this is...
imo opinion, and i use sma's to trade, the pair will correct when it wants to correct. if its trending you either stick with the trend or sit and wait until you get some resistance from either price or your ma's. also, with the higher time frames like daily and weekly, i only use them for reference on the sentiment of the pair. if that makes sense. a good example of this would be eurusd. if you throw a 20sma and 50sma on the daily chart you see that when they cross many moons ago it basically just confirms the obvious drop. that said it serves as a reference it keep you in the trend.
  • #11,235
  • Edited 1:52pm Jun 20, 2015 12:41pm | Edited 1:52pm
Quoting Gbp/jpy
{quote}sorta the oriental slant.....and sorta what happens when ya enter a trade.....it's exactly like grabbing a dragons firebreathing flaming wildazz tail.....and getting drug through through the jungle....and then the mountains....then.....inti it's friggin lair....trade the eur/aud....
EA whatching thinking? 1.42ish then back 1.48/9ish before the fall off the cliff?

edit: the more i look at it 1.42ish is prob too aggressive. 1.43 might be more inline
  • #11,236
  • Jun 21, 2015 11:01pm Jun 21, 2015 11:01pm
Quoting justin7
why is it called the dragon :00?
The British Pound – Japanese Yen currency pair is a volatile offering that presents traders with potentially large moves in price relative to many other pairings. This currency pair is, at times, so volatile that it has earned the nickname of ‘The Dragon,’ as well as another well-coined term: “The Widow-maker.”

Whatever you call it, the fact remains the same: GBPJPY can really move.

Take, for instance, the initial throws of the Financial Collapse in 2008. While the EURUSD had, at one point, gone down by ~3300 pips, the top-to-bottom move on GBPJPY was much larger: at one point a loss of more than a staggering 7000 pips.

Attached Image
  • #11,237
  • Jun 21, 2015 11:33pm Jun 21, 2015 11:33pm
a race is expected between BOE & FED on who tightens first taking GU higher over time. UJ will wait for the greek decision before shooting, so all in all GJ will benefit from H4 breakouts when they happen.
  • #11,238
  • Jun 22, 2015 4:10pm Jun 22, 2015 4:10pm
Quoting FxLapozi
{quote} Before that expect a 100 odd pips retracement. Not sure it is achieveable in this week but next week 197 might be possible.
Look at all the rejections of 195.5ish area...i personally am putting in a short here for this retracement.
I make it rain from the center of my Keytar
  • #11,239
  • Jun 22, 2015 6:27pm Jun 22, 2015 6:27pm
Those rejections where the same for 192.10 already, did go for days then broke it full power upwards, no retracement. Personally I am fully long GBPJPY right now, looking for 200.00.
  • #11,240
  • Jun 22, 2015 8:07pm Jun 22, 2015 8:07pm
Quoting Piano Man
{quote} Look at all the rejections of 195.5ish area...i personally am putting in a short here for this retracement.
Long term, it is still heading upwards.

No harm trying to short for the rejections but if I am to trade the rejection zone, I would buy and not sell.

Buy from the rejection zone seems to bring less risk than selling from high to the rejection zone.

In long term, it's still heading north as projected in Weekly chart.
14 traders viewing now