Dragon Riders GBP/JPY

Seems like hard to move up from the price just now

Any insight for this pair?

http://www.actionforex.com/action-in...0150716244778/

[quote=diegosilva...sell the hail out of it for 191 then buy the crud out of it...
..probably below 191 a little but be ready to abandon that target....get some pips and lock em in or close em out....sell the us chf in there too....100 pips down from 9612....then buy the crap out of it...allow for 125 pip drop

76.4% just above at 194.040, with higher resistance around 200, then R1 @ 360. I think one of those will hold the price this morning. For support I've got the H1 100sma running up underneath @ 193,310, which is also right on top of the 61.8% fib retracement for the day, so this should be a strong area of support if it gets there. Below that I have the 76.4% 193,146, and below that the 30m 200ema @ 193,036, and I'd be surprised if we go lower than that today. Overall picture still bullish, but H1 showing signs of not so much rolling over but finding a top for now.

short 193.77
TP 192 (wednesday 22 gmt expires)
SL 193.5

man short 193.77 and sl 193.5??? probably u thought 194.5, but from my view i wouldnt short this now, wil wait till 195.2

two dojis are forming.

as expected, GJ trimmed and the next support to watch is 191.7

GBP/JPY back on uptrend. Thought there may be problem at the Gap in the price caused 29/6/15. but price just seems to continue onwards.
Next resistance to be broken is at 1.94275, then previous top at 1.95818, then to almost 2.0000 (1.99623)

thankyou for the lesson, I will learn those ABC's: no position! Trading an A/c ATM $154 live; high $9k+ low $87-. A demo taught really bad habits; keep it real!

The GBP-JPY pair has been ranging since 16 Jul, 2015 man. It has been 1 week this pair has been in range.

So I'm watching the charts to find a point to re-enter after catching a nice move over the last few days.

Still trending north, slight range so I wait for it to go down to the price I want.. waiting.... waiting..

BOOOOOOOM.


Market jumps off a cliff and heads for the bottom of my screen..

Now, I look at daily candles, so these blips don't effect me to much unless it doesn't correct. What really bugs me is why oh why these big moves happen. I don't like it when I don't understand something..

is it buyers are just not buying so the sellers rush them with a combination of SL being hit that causes this kind of 100 pip drop?

is it fundamental, poor retail sales from the UK?

is it some hedge fund covering positions?

WHY?!!?

I'm only human, I need context!

So, how many ppl got wiped out? lol

advanced trading #101 Dont set stop losses within Average True Range.. use ATR for hard stop and use manual stops for safety..

I have a floating loss of 1% capital but it will recover.

H4 and Daily signals are bearish so I'm short now looking for 183

can u share your thought why saying this pair is bearish? i think the daily chart is quite bullish on the way.

I expect weaken USD in NY session today, wish will impact on G/U and U/J

bullish now from the best way to trade the us and Britain lean towards rate hikes.....the gbp/usd strength....rather than pure gbp/usd....
and it's down there so....should push it up to 196.00 anyway
.
sell the gbp/nzd to 3209 till then.....after 2.3210, a rise then down to 78 fibo 2.2993

the gbp/usd just hit it's downside target and is ready to go up when New York gets coffee and all woke-up good