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Dragon Riders GBP/JPY

  • #12,321
  • Oct 28, 2015 7:00pm Oct 28, 2015 7:00pm
Quoting raiders
{quote} I havent picked a number yet. but im looking at 185.2 area to drop a sell order. Anyone see anything else?
Sold again at 184.88
Be humble or be humbled.
  • #12,322
  • Oct 28, 2015 7:18pm Oct 28, 2015 7:18pm
Here are the fundamental parts of the equation thus far. Bank of England rate increase buzz has been killed. UK prelim GDP weak. Bank of Japan, 2 stimulus blasts so far. Another on Friday good for exporters. With yen pairs as high as they are now especially USD/JPY bad for consumers. Angle of analysts thinking is towards a hold on further stimulus but not by a huge margin.

Also equities. Some big names reported strong earnings but with projected global growth slowing, the rise in the S&P only gives ammo to the sellers to dump the rally. On the other hand at the years end funds always like to put on what is called "window dressing." These are artificial gains in equities to boost portfolio percentage increases for Q4 and 2015. Guess which FX pair gets their windows nice and pretty along with it?
Be humble or be humbled.
  • #12,323
  • Oct 28, 2015 8:57pm Oct 28, 2015 8:57pm
Ichimoku live long time ago....trade rice all day with Japanese candles....now he say on the weekly cloud chart ...you buy!!! you go buy!!! GBP/JPY184.22
  • #12,324
  • Oct 28, 2015 9:37pm Oct 28, 2015 9:37pm
Long on a retrace on GBPJPY at the moment. Looking for a scalp of +10 to +20 pips if possible. Will buy again if it dips lower.

Hope everyone's trades are going well today.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 ENTRY PPO M15 SECOND GREEN BAR AND STOCH AT BOTTOM ON M5.png Size: 23 KB
  • #12,325
  • Oct 29, 2015 12:33am Oct 29, 2015 12:33am
Quoting Gbp/jpy
Ichimoku live long time ago....trade rice all day with Japanese candles....now he say on the weekly cloud chart ...you buy!!! you go buy!!! GBP/JPY184.22
  • #12,326
  • Oct 29, 2015 1:16am Oct 29, 2015 1:16am
Quoting Gbp/jpy
Ichimoku live long time ago....trade rice all day with Japanese candles....now he say on the weekly cloud chart ...you buy!!! you go buy!!! GBP/JPY184.22
Dark cloud only see one cloud...................Friday pair turn to rice porridge no good. Drippy.

My 3rd sell entry since last Friday. This one at 184.22
Be humble or be humbled.
  • #12,327
  • Oct 29, 2015 3:19am Oct 29, 2015 3:19am
Quoting Gbp/jpy
Ichimoku live long time ago....trade rice all day with Japanese candles....now he say on the weekly cloud chart ...you buy!!! you go buy!!! GBP/JPY184.22
Fix up, trade sharp ...
  • #12,328
  • Oct 29, 2015 9:39am Oct 29, 2015 9:39am
seems today the BB palys dirty. i buy, they do down, i sell: they do up; I keep both buy and sell: they stand in the middle.
hmmmm.....
very weird market today.
  • #12,329
  • Oct 29, 2015 9:41am Oct 29, 2015 9:41am
I'm still short from 184.22. That move last night may have shivered a rookie but not me. Looks like they are getting shorts out of their trades and making long believers out there so they can dump it on them.
Be humble or be humbled.
  • #12,330
  • Edited 12:06pm Oct 29, 2015 10:16am | Edited 12:06pm
Quoting Temujin
I'm still short from 184.22. That move last night may have shivered a rookie but not me. Looks like they are getting shorts out of their trades and making long believers out there so they can dump it on them.
waiting for another bounce off 185.25 and ill be in that short w ya

edit.....Well...no rejection so maybe its going up to the 186 area? Who knows...
  • #12,331
  • Oct 29, 2015 10:38am Oct 29, 2015 10:38am
Quoting Temujin
I'm still short from 184.22. That move last night may have shivered a rookie but not me. Looks like they are getting shorts out of their trades and making long believers out there so they can dump it on them.
you are in for a treat. Shivering a pro like you.

End Nov - 192.00

I closed earlier longs and added new entries. Current entries marked with red lines. Not the best - but in
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 61 KB
You can be anything you want to be
  • #12,332
  • Oct 29, 2015 12:03pm Oct 29, 2015 12:03pm
Quoting badblood
{quote} you are in for a treat. Shivering a pro like you. End Nov - 192.00 I closed earlier longs and added new entries. Current entries marked with red lines. Not the best - but in {image}
If the BOJ eases further 192 sounds like sweet music to me. I will surely close the short and ride with you because there is no fighting it.
Be humble or be humbled.
  • #12,333
  • Oct 29, 2015 12:37pm Oct 29, 2015 12:37pm
Quoting Temujin
{quote} If the BOJ eases further 192 sounds like sweet music to me. I will surely close the short and ride with you because there is no fighting it.
Your mindset is good. May you succeed.

All the best
You can be anything you want to be
  • #12,334
  • Oct 29, 2015 12:57pm Oct 29, 2015 12:57pm
Quoting Temujin
{quote} If the BOJ eases further 192 sounds like sweet music to me. I will surely close the short and ride with you because there is no fighting it.
Let me be honest here. I do not see things. The live account is purely based on a glitch I believe to exist.I'm trading that. The Glitch indicated 192.20 to be a target. We could drop into oblivion - I cannot change my stance. Long I will have to chant.

If it proves to be correct - then I have my grail. I expect it to fail.

All success
You can be anything you want to be
  • #12,335
  • Oct 29, 2015 1:09pm Oct 29, 2015 1:09pm
Quoting badblood
{quote} Let me be honest here. I do not see things. The live account is purely based on a glitch I believe to exist.I'm trading that. The Glitch indicated 192.20 to be a target. We could drop into oblivion - I cannot change my stance. Long I will have to chant. If it proves to be correct - then I have my grail. I expect it to fail. All success
Whats the glitch?
  • #12,336
  • Oct 29, 2015 1:13pm Oct 29, 2015 1:13pm
Quoting raiders
{quote} Whats the glitch?
A hidden target not known by all.

Regards
You can be anything you want to be
  • #12,337
  • Oct 29, 2015 2:00pm Oct 29, 2015 2:00pm
Quoting badblood
{quote} A hidden target not known by all. Regards
I am just very suspicious of the upward move today with USD/JPY at 120 already. Data was good this week for Japan also so that takes some urgency to ease right now out of the equation. Also inflation is present although the 2% target has not been hit yet. Stock markets are stable. There is less concern about China slowing down the Japanese economy.

The U.S. fed too, rates are going to be rising. Another round and very quickly we will see USD/JPY at 128. This is going to be very unpopular politically for the Abe government.

If I am wrong I'm going to quickly shut down my short, cut that loss and BUY, BUY, BUY.
Be humble or be humbled.
  • #12,338
  • Edited 9:34pm Oct 29, 2015 8:18pm | Edited 9:34pm
cool 192.20......let me go have a looky.....................
.
Aww......193.30 is what I found in the secret department.....
..edit.....I didn't realize that unsquared 186.85 hadn't been hit this run-upoh dang,, wonder if......it usually does......( sorry, is thinking out loud normal on a forum ? )
  • #12,339
  • Oct 29, 2015 8:56pm Oct 29, 2015 8:56pm
Stand by we are ready to rock and roll.
Be humble or be humbled.
  • #12,340
  • Oct 29, 2015 9:37pm Oct 29, 2015 9:37pm
Quoting Gbp/jpy
cool 192.20......let me go have a looky..................... . Aww......193.30 is what I found in the secret department.....
Im looking at 190.80 if were long.....if short 184ish, since dont think we fall that far because it will still be in the cards for the near future

also have an additional buy order out there on CY with a target of 94 just in case
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