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Dragon Riders GBP/JPY

  • #12,221
  • Oct 23, 2015 9:44am Oct 23, 2015 9:44am
Quoting FX-Ray
{quote} nice, whats your target tho?
2.2695
  • #12,222
  • Oct 23, 2015 9:46am Oct 23, 2015 9:46am
Quoting AllyB
{quote} 2.2695
Okay, just seen it rejected 2.2450; upside I got 2.3000; GL
  • #12,223
  • Oct 23, 2015 9:51am Oct 23, 2015 9:51am
Quoting FX-Ray
{quote} Okay, just seen it rejected 2.2450; upside I got 2.3000; GL


so close and will the London close it might give me the little extra I need

what are you talking about at 2.2450? it's 2.2704 on on GN right now??

never mind I see what your talking about
  • #12,224
  • Oct 23, 2015 9:56am Oct 23, 2015 9:56am
Quoting AllyB
{quote} so close and will the London close it might give me the little extra I need what are you talking about at 2.2450? it's 2.2704 on on GN right now?? never mind I see what your talking about
target hit I am out of here
  • #12,225
  • Oct 23, 2015 10:02am Oct 23, 2015 10:02am
Quoting AllyB
{quote} so close and will the London close it might give me the little extra I need what are you talking about at 2.2450? it's 2.2704 on on GN right now?? never mind I see what your talking about
Sorry was in tickchart-mode, I mean daily
  • #12,226
  • Oct 23, 2015 10:02am Oct 23, 2015 10:02am
Quoting FX-Ray
{quote} if she is able to take out 20/10, next is 186.90/80; can become scarce
185.80 looks good atm not much left for the day though.

Quoting AllyB
{quote} target hit I am out of here
Well done AllyB, nice trade!
  • #12,227
  • Oct 23, 2015 10:04am Oct 23, 2015 10:04am
Quoting workingforex
{quote} 185.80 looks good atm not much left for the day though.
very emotional atm, check tickchart
  • #12,228
  • Oct 23, 2015 10:06am Oct 23, 2015 10:06am
Quoting workingforex
{quote} 185.80 looks good atm not much left for the day though. {quote} Well done AllyB, nice trade!
Yep, thats what im talking about, shorts sitting @ 186.20/10, just wanna see a reaction after a re-print.

Add: If they liquidate their positions, we could observe significant momentum to the upside.
  • #12,229
  • Oct 23, 2015 10:27am Oct 23, 2015 10:27am
Quoting FX-Ray
{quote} Yep, thats what im talking about, shorts sitting @ 186.20/10, just wanna see a reaction after a re-print. Add: If they liquidate their positions, we could observe significant momentum to the upside.
Would love to see the reaction myself there, I know what you mean when you say tick-chart emotional, I see it too. The more it stays here at 80, more lovely it looks for weekly target.
  • #12,230
  • Oct 23, 2015 10:29am Oct 23, 2015 10:29am
Quoting workingforex
{quote} 185.80 looks good atm not much left for the day though. {quote} Well done AllyB, nice trade!
thanks ... nice target huh
  • #12,231
  • Oct 23, 2015 10:50am Oct 23, 2015 10:50am
Staying short from 186.02. Not only Aso warning against further easing now. There is anxiety about weakening the yen further from these levels. Fears about reduced consumption as yen crosses too high could cause the consumer to close their purse strings. The concerned are saying now that other means to hit the 2% have to be used. More yen bashing won't get them there.
Be humble or be humbled.
  • #12,232
  • Oct 23, 2015 10:53am Oct 23, 2015 10:53am
Quoting Temujin
Staying short from 186.02. Not only Aso warning against further easing now. There is anxiety about weakening the yen further from these levels. Fears about reduced consumption as yen crosses too high could cause the consumer to close their purse strings. The concerned are saying now that other means to hit the 2% have to be used. More yen bashing won't get them there.
Good point, Id like to sell 186.90/80 though, hope we get there next week.
  • #12,233
  • Oct 23, 2015 10:57am Oct 23, 2015 10:57am
Good day.

Where I am at. Entries @ 183.20 and 181.95.

Holding.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 57 KB
You can be anything you want to be
  • #12,234
  • Oct 23, 2015 11:01am Oct 23, 2015 11:01am
Quoting FX-Ray
{quote} Good point, Id like to sell 186.90/80 though, hope we get there next week.
Thanks Ray,

Then again it is up to the BOJ members to decide and it could be a total shock and awe event next Friday just like last Halloween. It's just now that we are closer to the release odds are inching toward the BOJ taking a pass this time.
Be humble or be humbled.
  • #12,235
  • Oct 23, 2015 3:43pm Oct 23, 2015 3:43pm
Quoting Temujin
{quote} Thanks Ray, Then again it is up to the BOJ members to decide and it could be a total shock and awe event next Friday just like last Halloween. It's just now that we are closer to the release odds are inching toward the BOJ taking a pass this time.
Remember this day. Was it like 500 pips almost without any retrace? I was on the road for two days with no chance to trade, all I could do was watching it go up relentlessly. But no idea what to expect from BOJ - will probably just place stops.
Fix up, trade sharp ...
  • #12,236
  • Oct 23, 2015 7:52pm Oct 23, 2015 7:52pm
that's the unsquared candle there was undone money deals left from a month ago, the market operators had to go back.......but what about from here....?
  • #12,237
  • Oct 23, 2015 9:53pm Oct 23, 2015 9:53pm
Short on the daily.
  • #12,238
  • Oct 23, 2015 10:16pm Oct 23, 2015 10:16pm
Hi. New to forexfactory. Been trading the GBP/JPY-GBP/USD spread. At the current volatility levels I'm looking to short the spread (short GBP/JPY long GBP/USD). We're seeing reasonable levels of co-integration on the the daily. Anyone else doing stat arb on this?
  • #12,239
  • Oct 24, 2015 9:36am Oct 24, 2015 9:36am
Quoting FX-Ray
{quote} I checked up the dates you mentioned in your post and spot some crucial differences between your profile and mine. Check pic first. Its important to use accurate and none-aggregated spot market prices, unfiltered. You took the data of 7th-11th Sep'15, the current most recent low is 181.60 (24th Sep'15). So anything above 181.60 is invalidated because its already traded. The point is context is a very important part here to consider. I prefer to watch at daily profiles here using the NY open and close time and chase for value. Last but not...
so it also depends on the broker, if NY closes are used? Otherwise data for a histogram ist useless?
Fix up, trade sharp ...
  • #12,240
  • Oct 24, 2015 1:41pm Oct 24, 2015 1:41pm
Quoting Hickson
{quote} Remember this day. Was it like 500 pips almost without any retrace? I was on the road for two days with no chance to trade, all I could do was watching it go up relentlessly. But no idea what to expect from BOJ - will probably just place stops.
I was trading options on the sell side and got totally blown out on the news release last Halloween. Oh yes, I recall that day.
Be humble or be humbled.
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