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Dragon Riders GBP/JPY

  • #11,381
  • Jul 29, 2015 9:56am Jul 29, 2015 9:56am
this pair seems always for bulls.
  • #11,382
  • Jul 29, 2015 10:02am Jul 29, 2015 10:02am
Well, we got rejected at 194.xx bull run over for today is what I'm guessing. I closed out my longs.
  • #11,383
  • Jul 29, 2015 10:21am Jul 29, 2015 10:21am
195.3 and 196.3/8 are my next targets
  • #11,384
  • Jul 29, 2015 10:27am Jul 29, 2015 10:27am
also EU has broken an hourly trend line. look short is what im doing. 1.075 is what id like to see
  • #11,385
  • Jul 29, 2015 2:22pm Jul 29, 2015 2:22pm
Quoting datdle
this pair seems always for bulls.
Then trade with the bulls?
  • #11,386
  • Jul 29, 2015 3:02pm Jul 29, 2015 3:02pm
Quoting gabe32
{quote} Then trade with the bulls?
  • #11,387
  • Jul 29, 2015 10:50pm Jul 29, 2015 10:50pm
i found a bump at 194.40 too....but the swing is to the gbp....and the usd........played out well through the beloved pair from hail....
you know, due to the us and Britain raising the soonest...investors smell profit from a mile away....195 in the snap of our fingers, I bet.
  • #11,388
  • Jul 30, 2015 2:34am Jul 30, 2015 2:34am
Quoting Gbp/jpy
i found a bump at 194.40 too....but the swing is to the gbp....and the usd........played out well through the beloved pair from hail.... you know, due to the us and Britain raising the soonest...investors smell profit from a mile away....195 in the snap of our fingers, I bet.
"SNAP"
Respect the inescapable certainity of Math
  • #11,389
  • Jul 30, 2015 3:14am Jul 30, 2015 3:14am
interesting PA here near the GAP zone
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  • #11,390
  • Jul 30, 2015 5:43am Jul 30, 2015 5:43am
Seems way overdone at 194.20 right now, Don't think this is going to last.
  • #11,391
  • Jul 30, 2015 5:52am Jul 30, 2015 5:52am
Patience is required.
  • #11,392
  • Jul 30, 2015 7:12am Jul 30, 2015 7:12am
Have to stay below 194.364 and we should get a nice move down..
  • #11,393
  • Jul 30, 2015 7:33am Jul 30, 2015 7:33am
Quoting Ck87
Have to stay below 194.364 and we should get a nice move down..

playing tug of war at the moment at resistance point
  • #11,394
  • Jul 30, 2015 7:35am Jul 30, 2015 7:35am
Quoting Ck87
Have to stay below 194.364 and we should get a nice move down..
If we look at PA, they're trying to run this up to 195ish before dropping (it posted a close above 194.36 already). This is going to be nasty so cover your positions.
Lost....
  • #11,395
  • Jul 30, 2015 7:51am Jul 30, 2015 7:51am
EUR JPY shorts been way better past couple days, but wouldn't be surprised to see a nasty GJ drop.. once they're done clearing stops
  • #11,396
  • Jul 30, 2015 8:00am Jul 30, 2015 8:00am
Quoting gespiri
{quote} If we look at PA, they're trying to run this up to 195ish before dropping (it posted a close above 194.36 already). This is going to be nasty so cover your positions.

I covered at 194.4 - It started to get choppy, negative data from the US and a resistance point all in one..

now its a waiting game, let the PA correct in short term n see if bulls take control again, look for re-enter. Or switch sides and short. I will wait and see.

from a completely personal perspective I'd expect this to range now til the end of the week, I can't see any big bullish moves now. Though, I'd never trade my opinion, just the price action. Its hard to not formulate ideas though.

Gespiri, are you looking for longs or shorts or scaling? Interested in what others are doing and why..

I'd like to think I'm getting the hang of this but i'm only 60% confident most of the time
  • #11,397
  • Jul 30, 2015 8:05am Jul 30, 2015 8:05am
Consolidation phase for GBPJPY is over and seems all set to extend its upward trajectory back above 195.00 mark, towards 195.50 resistance zone.
Watch the pair gaining momentum towards 198.40-50 level in the near-term, once decisively conquers 195.50 region.
  • #11,398
  • Jul 30, 2015 8:13am Jul 30, 2015 8:13am
Quoting Talzus
{quote} I covered at 194.4 - It started to get choppy, negative data from the US and a resistance point all in one.. now its a waiting game, let the ....e time
Hey Talzus, I've been long since 193.46. Once it reaches my consolidation zone of 194.74-195.84 then I will get out and probably short until 193.92 consolidation (my target is between 195.2 - 195.35 just to be safe). I think 196.6 maybe in the cards for this pair over the next two weeks. Overall, this pair could reach 199-200 but that won't be in months. Watch out for UK health economy in the coming months too....that country's bankrupt!

We'll see....time will tell.
Lost....
  • #11,399
  • Jul 30, 2015 9:16am Jul 30, 2015 9:16am
Quoting gespiri
{quote} Hey Talzus, I've been long since 193.46. Once it reaches my consolidation zone of 194.74-195.84 then I will get out and probably short until 193.92 consolidation (my target is between 195.2 - 195.35 just to be safe). I think 196.6 maybe in the cards for this pair over the next two weeks. Overall, this pair could reach 199-200 but that won't be in months. Watch out for UK health economy in the coming months too....that country's bankrupt! We'll see....time will tell.
Thanks for the info. Can I ask, how / why you've come to that conclusion? I am interested in your thought process.


Don't say that!! I live in the UK and I wanna buy a house, lets all close our eyes and bury our heads in the sand and pretend the world economies are recovering that way I can sleep at night and I won't riot! Also, civilisation will continue as it should and I promise to pay my taxes...

Phew..

Glad everything is OK now..

#TOFAR
  • #11,400
  • Edited 11:28am Jul 30, 2015 11:15am | Edited 11:28am
if we get some good candles here im going to rebuy

193.64 was where i bought in again. sl at 193.48 target 195.4
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