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Dragon Riders GBP/JPY

  • #11,441
  • Aug 6, 2015 12:56am Aug 6, 2015 12:56am
Good time to close my long. It has been long time for hold since 193-ish . But it's good.
  • #11,442
  • Aug 6, 2015 12:58am Aug 6, 2015 12:58am
Quoting andrern2000
Good time to close my long. It has been long time for hold since 193-ish . But it's worth it.
why u close? u think it will hardly go beyond 195?
  • #11,443
  • Edited 2:01am Aug 6, 2015 1:03am | Edited 2:01am
I think there will be resistance here. This 195 is somewhat testing area. If the price broke 195 it will go upwards, and if not it will go down again
  • #11,444
  • Aug 6, 2015 9:17am Aug 6, 2015 9:17am
Quoting andrern2000
I think there will be resistance here. This 195 is somewhat testing area. If the price broke 195 it will go upwards, and if not it will go down again

Damn the UK and their negative data! I was all geared up for some nice bull action. Instead I had to switch teams and bomb dive down 140 pips. Meh. maybe next week.
  • #11,445
  • Aug 6, 2015 9:56am Aug 6, 2015 9:56am
yep i had a feeling i should've closed my longs. Trying to figure out break even strat now.
  • #11,446
  • Aug 6, 2015 10:27am Aug 6, 2015 10:27am
193 is strong support
  • #11,447
  • Aug 6, 2015 10:31am Aug 6, 2015 10:31am
Quoting Patternz
yep i had a feeling i should've closed my longs. Trying to figure out break even strat now.

Yeah, I'm holding a floating loss at the moment on my longs. Scalped back a large bit of it. Hoping the bulls take over before end of of the week so I can recover

Wouldn't be fun if we won all the time eh?
  • #11,448
  • Edited 1:59am Aug 7, 2015 1:40am | Edited 1:59am
big down move... looks like...see the daily chart....that alone....i'm not sure, 191.63 is sittin down there stare'n at us....
bourses are down....tanking 100 points till a small pull up but couldn't really do it!! bourses....fancy for stock exchanges
.
Also my 2H chart says sell.....by the coded candles....did you know i'm a chart hacker?? I hack 'em till I see stuff that's....till I see stuff that's friggin not even there!!
  • #11,449
  • Aug 7, 2015 7:24am Aug 7, 2015 7:24am
Anyone smell a reversal coming?

NFP will be the decider I think.

Morning star (?) formed on weekly chart. Doji this week (pending close). Bearish UK sentiment after yesterday.

I am well out of the bull run. May open a very small scout short before market close to catch any movement over the weekend and will look to scale in if correct.

Will be interested to see if anyone shares my concerns?
  • #11,450
  • Aug 7, 2015 7:47am Aug 7, 2015 7:47am
Quoting Gbp/jpy
big down move... looks like...see the daily chart....that alone....i'm not sure, 191.63 is sittin down there stare'n at us.... bourses are down....tanking 100 points till a small pull up but couldn't really do it!! bourses....fancy for stock exchanges . Also my 2H chart says sell.....by the coded candles....did you know i'm a chart hacker?? I hack 'em till I see stuff that's....till I see stuff that's friggin not even there!!

HAHA! Yes, I feel you there. I am seeing signs that the bull run is over. NFP could have been better as a confirmation at 193.3 is holding well.

I'm not sure, Monday will shed some light I hope. Maybe back into a range? I don't think it will take much to push this into a bear market. I'm defo out the bull run for the time being. Will now sit on the fence and wait for confirmation of either.

Just need a nice close below 193.3 and I'm shorting the hell out of it
  • #11,451
  • Aug 7, 2015 10:21am Aug 7, 2015 10:21am
Quoting Talzus
{quote} HAHA! Yes, I feel you there. I am seeing signs that the bull run is over. NFP could have been better as a confirmation at 193.3 is holding well. I'm not sure, Monday will shed some light I hope. Maybe back into a range? I don't think it will take much to push this into a bear market. I'm defo out the bull run for the time being. Will now sit on the fence and wait for confirmation of either. Just need a nice close below 193.3 and I'm shorting the hell out of it
I was sleeping, but woke up in time to see the big red candle close. Started selling heavy from there.
  • #11,452
  • Aug 7, 2015 10:39am Aug 7, 2015 10:39am
Quoting gabe32
{quote} I was sleeping, but woke up in time to see the big red candle close. Started selling heavy from there.

Yup, I sold on the support, wasnt expecting it before next week. but hey, got lucky. closed out on the 100 pip mark before people start covering for the weekend!

Fun and joys for next week.

Have a good weekend!
  • #11,453
  • Aug 7, 2015 2:17pm Aug 7, 2015 2:17pm
Was able to break even whew. And notice my pending long i set several weeks ago at 192.06 triggered. Thinking i should hang onto this one.
  • #11,454
  • Edited 11:20pm Aug 8, 2015 10:58pm | Edited 11:20pm
that 191.03 has been on radar for two weeks over here where I'm at.....going from memory....it's where ever that unsquared long up candle is based....
and due to my 330 pip rule, 191.87 is a sell sitting above that now...it traveled exactly 329 pips!! but couldn't or wouldn't go lower from up there at 195.30
  • #11,455
  • Aug 9, 2015 3:13am Aug 9, 2015 3:13am
Quoting Gbp/jpy
that 191.03 has been on radar for two weeks over here where I'm at.....going from memory....it's where ever that unsquared long up candle is based.... and due to my 330 pip rule, 191.87 is a sell sitting above that now...it traveled exactly 329 pips!! but couldn't or wouldn't go lower from up there at 195.30
I'm not good enough to see that far in advance but I did spot some clues on Friday that were telling me to short. Lucky I caught the big move.
  • #11,456
  • Aug 9, 2015 5:20pm Aug 9, 2015 5:20pm
Shorted at 192.5xx large SL but I'm pretty confident we'll keep dropping this week, and I don't want to miss it when we do.
  • #11,457
  • Aug 10, 2015 11:28am Aug 10, 2015 11:28am
Quoting gabe32
Shorted at 192.5xx large SL but I'm pretty confident we'll keep dropping this week, and I don't want to miss it when we do.
was that sl like 150 pips? :/
  • #11,458
  • Aug 10, 2015 11:39am Aug 10, 2015 11:39am
I let it close out an opened a long.. Figured out this wasn't just a retrace but a reversal, Had it opened since we crossed the weekly pivot. (My long that is)
  • #11,459
  • Aug 10, 2015 12:25pm Aug 10, 2015 12:25pm
Hmmm shorted 194.14. looking for 93.48
  • #11,460
  • Aug 10, 2015 12:52pm Aug 10, 2015 12:52pm
Quoting gabe32
Shorted at 192.5xx large SL but I'm pretty confident we'll keep dropping this week, and I don't want to miss it when we do.
looks like your SL has to be really large and must keep this confidence for much longer
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