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Dragon Riders GBP/JPY

  • #11,421
  • Aug 4, 2015 3:46am Aug 4, 2015 3:46am
just covered my shorts. doesnt really like how this tiring bear has been behaving
  • #11,422
  • Aug 4, 2015 10:04am Aug 4, 2015 10:04am
So this may be a temporary trick. Sell during the day and buy at night. Im in Colorado mountain time. My longs have been tp when i sleep. Shorted this morning and already closed tp. Set a few more longs at .15 and .30
  • #11,423
  • Aug 4, 2015 10:17am Aug 4, 2015 10:17am
Quoting Patternz
So this may be a temporary trick. Sell during the day and buy at night. Im in Colorado mountain time. My longs have been tp when i sleep. Shorted this morning and already closed tp. Set a few more longs at .15 and .30

What's going on with this pair? I'm trading ok but it seems to be very jerky at the moment. I've only been following this pair since march, so its kinda new. I just cant add context to the crazy swings.

I guess context isn't needed, just follow the price right?

  • #11,424
  • Aug 4, 2015 10:57am Aug 4, 2015 10:57am
I just recently started trading this pair. I started following Tn.hops trades and made %100 in a week on this pair. Then he bombed out or retired. From what he said this pair has consistent sharp moved in either direction. It seems to follow SMA 80 and 200. If you get multiple rejections or pin bars on those SMAs then you can pretty much bet that it will start cruising back in the other direction. Kinda like the pin bars i posted yesterday. Keeping in mind that the Monthly, weekly daily charts are still bullish. So shorts should be taken with caution since higher tf are still bullish. I try to target the 50 or 61.8 and if it hits 61.8 that means it should go back to a %100 right?
  • #11,425
  • Aug 4, 2015 11:19am Aug 4, 2015 11:19am
If by tomorrow it hasn't picked a way to trend, it will be strange, this pair likes to consolidate then shot in one direction.
  • #11,426
  • Aug 4, 2015 12:31pm Aug 4, 2015 12:31pm
Quoting gabe32
If by tomorrow it hasn't picked a way to trend, it will be strange, this pair likes to consolidate then shot in one direction.
this!

its a tough pair to trade but when its moving its a lovely pair to be in. imo it seems to have found solid support over the past few days. i think the only thing to drop it past it would have to be a major risk off move in the market giving strength to the jpy. im going to keep buying that bottom until its not a bottom
  • #11,427
  • Aug 4, 2015 12:50pm Aug 4, 2015 12:50pm
Was looking at tf 15. What pattern is this? Cup n handle, double tops or reverse head and shoulders?
Attached Image
  • #11,428
  • Aug 4, 2015 12:52pm Aug 4, 2015 12:52pm
Or the banks may be stop hunting, its bounced off the monthly pivot point like 5 times already.
  • #11,429
  • Aug 4, 2015 6:54pm Aug 4, 2015 6:54pm
Well alrighty-o....sellin the 6:42 in New Tork trade for 190.07
the two gyrations today were fiddling with the price.....the last one after hours in New York....that was a pump up to the top....we.re going down there to get that left-over candle left unsquared...
  • #11,430
  • Aug 5, 2015 4:26am Aug 5, 2015 4:26am
This is crazy...it looks like this may be the 5th day in a row in this range. Bouncing off the weekly an monthly pivot areas.
  • #11,431
  • Aug 5, 2015 6:34am Aug 5, 2015 6:34am
Quoting gabe32
This is crazy...it looks like this may be the 5th day in a row in this range. Bouncing off the weekly an monthly pivot areas.
no it seems like it will not be, and finally we are going to 196ish
  • #11,432
  • Aug 5, 2015 7:53am Aug 5, 2015 7:53am
Quoting RomanBubenik
{quote} no it seems like it will not be, and finally we are going to 196ish
I know, and I cleared my longs out 2 hours ago or so when it dropped back below the Dailey resistance. Just woke up an opened another long up, stoploss at 193.990
  • #11,433
  • Aug 5, 2015 8:58am Aug 5, 2015 8:58am
wasnt sure and forgot about pending short at 194.05. Longs cleared but now have to wait for a pull back to close short. damnnn
  • #11,434
  • Aug 5, 2015 9:15am Aug 5, 2015 9:15am
Just two longs )))

Attached Image (click to enlarge)
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Trend is your the best friend. Ever
  • #11,435
  • Aug 5, 2015 10:08am Aug 5, 2015 10:08am
is there any ones can explain what reason drag it high ?
  • #11,436
  • Aug 5, 2015 10:29am Aug 5, 2015 10:29am
is there any ones can explain what reason drag it high ?
  • #11,437
  • Aug 5, 2015 10:30am Aug 5, 2015 10:30am
Quoting datdle
is there any ones can explain what reason drag it high ?
It's probably going to go even higher tomorrow if the vote goes right.
  • #11,438
  • Aug 5, 2015 10:34am Aug 5, 2015 10:34am
Quoting datdle
is there any ones can explain what reason drag it high ?
USDJPY push GBPJPY higher, those pairs colaborate all the time. and main reason was to close gap what finally happened at 195.16. And i agree with gabe32, tomorrow it should go to 196/7 , i will sell this pai between 198,40 and 199,80.
  • #11,439
  • Aug 5, 2015 11:41am Aug 5, 2015 11:41am
Going long on dips..
  • #11,440
  • Aug 5, 2015 12:49pm Aug 5, 2015 12:49pm
I am slowly adding positions as well. I hope tomorrow goes as planned. And we get 3 votes to raise interest with a good inflation report.
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