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Dragon Riders GBP/JPY

  • #11,701
  • Sep 6, 2015 8:15pm Sep 6, 2015 8:15pm
here is just my half cent view..if..
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #11,702
  • Sep 6, 2015 9:22pm Sep 6, 2015 9:22pm
The GBP/JPY yes can be a cruel mistress but she has rewarded me kindly during the current Asian session with 30 pips. I have been messing around with a double Bollinger Band system and there are a lot losses but the wins are at least 2-3X the losses so it is all gravy baby
  • #11,703
  • Sep 7, 2015 3:50am Sep 7, 2015 3:50am
i think there's a good short opportunity around 182.40/60 area given that there is a horizontal resistance and a downtrend trend line resistance crossing together on H4 view. What do u guys think?
  • #11,704
  • Sep 7, 2015 3:57am Sep 7, 2015 3:57am
Quoting TimeZ
i think there's a good short opportunity around 182.40/60 area given that there is a horizontal resistance and a downtrend trend line resistance crossing together on H4 view. What do u guys think?
Rightly or wrongly. I'm long target of about 183. Tho my trades tend to last a few days
  • #11,705
  • Edited 8:48am Sep 7, 2015 8:20am | Edited 8:48am
Quoting FX-Ray
{quote} Decision Points - Calendar week 36 for GBP/JPY: (01) 204.80/60 (02) 201.40/20 (03) 198.20/10 (04) 197.40/20 (05) 196.40/20 (06) 195.00/94.80 (07) 194.60/40 (08) 194.00/93.80 (09) 190.80/60 (10) 190.00/89.80 (11) 189.20/00 ______________________ (12) 187.80/60| (13) 187.20/10| Major Decision Point Cluster (14) 186.60/40|______________________ (15) 183.40/20 (16) 182.60/40 (17) 181.80/60 (18) 180.80/60 (19) 179.20/00 (20) 175.40/20 No big difference compared to last week's DPs, especially DP (15) 183.40/20; we got a double bottom off that...
Decision Points Calendar week 37 for GBP/JPY:

(01) 204.80/60
(02) 202.80/60
(03) 201.40/20
(04) 198.20/00
(05) 197.40/20
(06) 196.60/40
(07) 194.00/93.80
(08) 190.00/89.80
(09) 189.20/00
(10) 186.60/40
(11) 182.60/40
(12) 181.60/40
(13) 181.00/80.80 (current weekly & daily low)
(14) 177.80/60
(15) 176.60/40
(16) 174.80/60
(17) 173.80/60
(18) 172.40/20

There are some changes compared to last week, numbers indicating a volatile market environment; I still stick to #Post 11686
DP 180.80/60 got rejected and we are currently printing ~150 pips above. Profile of 4th Sept. 2015 confirming 180.80/40.
Intraday am watching @ 182.40/20* atm. Good Luck!
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  • #11,706
  • Sep 7, 2015 8:25am Sep 7, 2015 8:25am
Thanks ray.
  • #11,707
  • Edited 9:12am Sep 7, 2015 9:06am | Edited 9:12am
Quoting Talzus
Thanks ray.
You're welcome, you may have a look here: #Post 11.679

181 got penetrated by ~60 Pips, currently ~120 Pips above, doesnt mean we couldnt see a new low or a re-test. Just worth watching, maybe news catalyst to print again and take off or vice versa, to early to say.

Add: 184.70* next important price.
  • #11,708
  • Sep 7, 2015 9:18am Sep 7, 2015 9:18am
holding until 193 (pending option expiry, 31 nov)
will not even look.

gbp seems to be back...
  • #11,709
  • Sep 7, 2015 9:25am Sep 7, 2015 9:25am
Quoting openyoureyes
holding until 193 (pending option expiry, 31 nov) will not even look. gbp seems to be back...
Bought call or sold put?
  • #11,710
  • Sep 7, 2015 9:31am Sep 7, 2015 9:31am
Quoting FX-Ray
{quote} Bought call or sold put?
unfortunately sold put.
wiped my 9 months profit...

had to close many positions due to this. (to make some collateral)

you sell 100 vanilla options make nice profit, than one mistake wipes you out.
selling options is the hardest thing...
  • #11,711
  • Sep 7, 2015 9:35am Sep 7, 2015 9:35am
Quoting openyoureyes
{quote} unfortunately sold put. wiped my 9 months profit...
There are some real good options strategies for trading market turns. Bull Call Spread/Bear Put Spread are my fav. Capped Reward/Risk. Depends on volume how much you make.
  • #11,712
  • Sep 7, 2015 9:39am Sep 7, 2015 9:39am
Quoting FX-Ray
{quote} There are some real good options strategies for trading market turns. Bull Call Spread/Bear Put Spread are my fav. Capped Reward/Risk. Depends on volume how much you make.
I've sent you a private message regarding options volume.

I was in NZD/JPY long, than switched that to CHF/JPY and lastly GBP/JPY.

Waiting for that rate hike now.
  • #11,713
  • Edited 9:55am Sep 7, 2015 9:47am | Edited 9:55am
Quoting openyoureyes
{quote} I've sent you a private message regarding options volume. I was in NZD/JPY long, than switched that to CHF/JPY and lastly GBP/JPY. Waiting for that rate hike now.
Okay got it, replied already. Id never trade options naked, means only buy call or sell put.
Most of the times for example: sell 6 puts (collect the premium) buy 2 calls (uncapped profit margin). Puts to cover SL of long call, if Im wrong I gonna bail out anyway or adjust the position*.
  • #11,714
  • Sep 7, 2015 9:57am Sep 7, 2015 9:57am
GJ Looking nice and UC about to break the upper trend line. Holidays are overrated
  • #11,715
  • Sep 7, 2015 9:59am Sep 7, 2015 9:59am
Ray....always a pleasure. Nice to see you again. Thank you for all your hard work.

Btw even while you were gone ive been holding a set of numbers to use as reference and those points DO NOT CHANGE. Amazing!!
  • #11,716
  • Sep 7, 2015 10:24am Sep 7, 2015 10:24am
Quoting raiders
Ray....always a pleasure. Nice to see you again. Thank you for all your hard work. Btw even while you were gone ive been holding a set of numbers to use as reference and those points DO NOT CHANGE. Amazing!!
sharp
  • #11,717
  • Edited 10:42am Sep 7, 2015 10:38am | Edited 10:42am
Quoting FX-Ray
{quote} Decision Points Calendar week 37 for GBP/JPY: (01) 204.80/60 (02) 202.80/60 (03) 201.40/20 (04) 198.20/00 (05) 197.40/20 (06) 196.60/40 (07) 194.00/93.80 (08) 190.00/89.80 (09) 189.20/00 (10) 186.60/40 (11) 182.60/40 (12) 181.60/40 (13) 181.00/80.80 (current weekly & daily low) (14) 177.80/60 (15) 176.60/40 (16) 174.80/60 (17) 173.80/60 (18) 172.40/20 There are some changes compared to last week, numbers indicating a volatile market environment; I still stick to #Post...
Looks like S/R 182.40/20 positive atm; if support first* target is 183.30/20 (check daily stat 4th Sept. 2015)
  • #11,718
  • Sep 7, 2015 3:07pm Sep 7, 2015 3:07pm
Elliott wavers out there like an up trend in a Major ....September to remember, huh!!! sittin' on a bunch a pips...
then options.....crude oil has to be more instant lucrative, did you know there is no spread...instant ...big time action trading in a scalping type posture.....and then....just like oil has viscosity and pumps rythymlicly and slowly...one can not just keep up with a scalping technique, but stay ahead even !!! in 12 hours returned 30% with no watching, due to the refinery season...which is re-fits on the classic refinery's and the new refinery's....on purpose he he ....why do I not like that extra letter in " ies ".....and a bunch under construction make up for the reduction of production......Which is the name of my new RAP group's song.....wanna hear it....??? ok O K....goes like this...pppphump pppphump bap bap thunk produxshun.....don't want no reduxshun my lady say hail wit dat funcxshun....pupphhp pupphphp ah, it sounds better live in person
you guys believe i'm a 63 year old rappa...yep a rappa....bunmphph bunmphph slappin my chest and flickin my cheek wait how do they do it ?
.
and a word out to the progenitor of this thread....You keep us grounded somehow.....when the winds start swirlin ya know, that's so important.
I have a request for some more German music videos, please...here's this one from a German...big head todd.....bringin out the big guns, baby....it's about Israel....BROKEN HEARTED SAVIOR....crank it....rocks my lame azz. Because their love used to be a flame....but now He's just a forgotten name...
  • #11,719
  • Sep 7, 2015 3:53pm Sep 7, 2015 3:53pm
I'm still holding my long till weekly pivot, or 50% fibo retrace from last week. Just keeping a eye on PA.
  • #11,720
  • Sep 8, 2015 12:20am Sep 8, 2015 12:20am
looks like that 182.40/60 area is pretty resistive. I would like to see another reject from this area and potentially sell all the way down to the projected bat pattern target @ 177.30/40
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