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Dragon Riders GBP/JPY

  • #11,501
  • Aug 14, 2015 9:55am Aug 14, 2015 9:55am
Quoting openyoureyes
{quote} GBP is somehow a reserve currency now, only go long; especially GBP vs NZD - AUD - JPY
JPY is a broken currency. I only see strength in it when there is extreme risk off events taking place other than that buy dips is what i do
  • #11,502
  • Aug 14, 2015 10:51am Aug 14, 2015 10:51am
I'm flat today or until it hits my pending. Came close
  • #11,503
  • Aug 14, 2015 4:12pm Aug 14, 2015 4:12pm
Quoting openyoureyes
{quote} GBP is somehow a reserve currency now, only go long; especially GBP vs NZD - AUD - JPY
Agreed Plenty of pips to be had with those currencies. Buy on the dips. All heading to new highs
Respect the inescapable certainity of Math
  • #11,504
  • Aug 14, 2015 4:17pm Aug 14, 2015 4:17pm
Quoting Agent Orange
{quote} Agreed Plenty of pips to be had with those currencies. Buy on the dips. All heading to new highs
Forgot to mention GBP v CAD. With the Canadian economy so reliant on oil, this will also go to new highs
Respect the inescapable certainity of Math
  • #11,505
  • Aug 15, 2015 4:48am Aug 15, 2015 4:48am
The GBPJPY is a pussy... want a rush have a crack at the GBPAUD that's a Drangon ABomb!

  • #11,506
  • Aug 15, 2015 7:27am Aug 15, 2015 7:27am
Quoting LuKa12
The GBPJPY is a pussy... want a rush have a crack at the GBPAUD that's a Drangon ABomb!
haha .. "SURE" it is..
  • #11,507
  • Aug 15, 2015 10:42am Aug 15, 2015 10:42am
though that gbp/nzd is the carry trade....so it tractions more pips than any other....
yep, after a short term buy, it's a sell.....so in a day or two it will give 600 pips...smiley
so play with it as a pure investor speculative toy money machine....try to find a way to make it pump.... ... ( four hour dealer chart slo sto )
.
gbp/aud is fun because it's more stable during Sunday and Tokyo....Sydney sessions catching Aussie news
  • #11,508
  • Aug 16, 2015 11:14am Aug 16, 2015 11:14am
Anyways.....looking like a buy here if it stays north of the trendline with a tight sl at 194.1 lets see how it goes
  • #11,509
  • Aug 16, 2015 11:58am Aug 16, 2015 11:58am
Are you agree on USDJPY's strong Up ward movement creates strong move up for GBPJPY?
OR GBPUSD's strong upward movement creates strong move up for gbpjpy?

I compared charts with tradeingview and failed to understand...
  • #11,510
  • Aug 16, 2015 5:54pm Aug 16, 2015 5:54pm
Quoting hirenfxtrade
Are you agree on USDJPY's strong Up ward movement creates strong move up for GBPJPY? OR GBPUSD's strong upward movement creates strong move up for gbpjpy? I compared charts with tradeingview and failed to understand...
stronger...

the mathematical formula for this cross is GBPJPY = GBPUSD*USDJPY..

so some time you'll see stronger move in GBPJPY caused by stronger JPY, and some time by Stronger GBP
  • #11,511
  • Aug 16, 2015 8:08pm Aug 16, 2015 8:08pm
Quoting DoskeII
{quote} haha .. "SURE" it is..
nice trading DoskeII
  • #11,512
  • Aug 16, 2015 8:34pm Aug 16, 2015 8:34pm
waiting for bearish candle to form...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-fxpro-financial-services.png Size: 21 KB
  • #11,513
  • Aug 16, 2015 9:38pm Aug 16, 2015 9:38pm
Quoting LuKa12
{quote} nice trading DoskeII
Thanks mate..
  • #11,514
  • Aug 16, 2015 11:33pm Aug 16, 2015 11:33pm
Dea all,
is there any ones can adv, why this pair today got a very strong bullish ?
  • #11,515
  • Aug 16, 2015 11:43pm Aug 16, 2015 11:43pm
hey, gbp in general has to go up now if it's going to....or the usd will take over on Tuesday or so....so I bought GBP/USD 5 minutes before that run up....hit 85 but needs to go to 5888....200 more pips
I have orders down at 189.88...a bunch of them ...he he and at 190.17
  • #11,516
  • Aug 17, 2015 6:14am Aug 17, 2015 6:14am
The pair seems to go down at the moment and now I have negative floating P/L here. I'm still confused whether I still should hold my long or not at 194.42.. Help please. I'll be helped if the pair goes bull. Any insight on this pair?
  • #11,517
  • Aug 17, 2015 7:39am Aug 17, 2015 7:39am
Quoting potman
waiting for bearish candle to form... {image}
I saw same thing. Woke up to green this morning cause of it. Now trying to figure out where to re-enter L..g. I see opportunity about 193.92 what bout you guys?
  • #11,518
  • Aug 17, 2015 8:02am Aug 17, 2015 8:02am
buying here with a very tight sl

Let me rephrase that. if the 15m candle closes above the trendline i have im buying
  • #11,519
  • Aug 17, 2015 9:10am Aug 17, 2015 9:10am
Quoting Patternz
{quote} I saw same thing. Woke up to green this morning cause of it. Now trying to figure out where to re-enter L..g. I see opportunity about 193.92 what bout you guys?
1st one triggered has a a little further to go to grab my next one. Wish i would have hung onto that short longer.
  • #11,520
  • Edited 10:47am Aug 17, 2015 10:04am | Edited 10:47am
Quoting raiders
buying here with a very tight sl Let me rephrase that. if the 15m candle closes above the trendline i have im buying
Looks like we might have a bit further to fall

edit or perhaps not. seems it jumped back into the line
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