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Dragon Riders GBP/JPY

  • #12,561
  • Nov 9, 2015 8:41pm Nov 9, 2015 8:41pm
really up?
or just to 187.0?
  • #12,562
  • Edited 9:07pm Nov 9, 2015 8:55pm | Edited 9:07pm
Quoting Gbp/jpy
HEY....somebody wake him up.....it's a going up.....!!!
Thx . I already long GJ before go sleep , after 6 hrs that trade max draw -16 , max pips +16 . ZZZZZzzzz .
edit : closed with -5 , bad trade.
Exits == most important part of your strategy
  • #12,563
  • Nov 9, 2015 9:30pm Nov 9, 2015 9:30pm
GBPJPY must go up within 10 hours , or else is down .I am now wait for M1/M5 volume then go in.
Attached Image
Exits == most important part of your strategy
  • #12,564
  • Edited 1:12am Nov 10, 2015 12:50am | Edited 1:12am
AUD push JPY down , so I in GJ long , but doubt target ..
Edit : I set it at 186.88.
Edit : closed half +5 , price look not nice
Attached Image
Exits == most important part of your strategy
  • #12,565
  • Nov 10, 2015 2:18am Nov 10, 2015 2:18am
Quoting FX-Ray
187.00/6.875 - first long target 185.75/625 - current resistance 185.25/125 - untested support 184.50/375 - short target
Hi, why "untested support"? By which definition? The level has been tested quite a few times before. You mean AFTER NFP? But it came down again. If you are waiting for a SECOND Retest, I understand.
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Fix up, trade sharp ...
  • #12,566
  • Nov 10, 2015 2:36am Nov 10, 2015 2:36am
186.10/20 seems positive so far ... now ... but action seems choppy.
Fix up, trade sharp ...
  • #12,567
  • Nov 10, 2015 3:20am Nov 10, 2015 3:20am
Quoting edmun1388
AUD push JPY down , so I in GJ long , but doubt target .. Edit : I set it at 186.88. Edit : closed half +5 , price look not nice {image}
Look , my close is correct after price retrace back to M30 fractal , saved my pips.
Exits == most important part of your strategy
  • #12,568
  • Nov 10, 2015 4:51am Nov 10, 2015 4:51am
Two huge longs on FF trade explorer, one is long with 50 lots and the private one with 80 lots. Insane.
  • #12,569
  • Nov 10, 2015 5:34am Nov 10, 2015 5:34am
Quoting Hickson
{quote} Hi, why "untested support"? By which definition? The level has been tested quite a few times before. You mean AFTER NFP? But it came down again. If you are waiting for a SECOND Retest, I understand. {image}
Hi Hick,

after friday close price unable to print that level, if you recall we had the same situation with 4th September, as I said unable to print 375, 50 rejected, strength. Price continued but tested it that untested 375 a day later, sell-off day 5th November. I dont know if it gets tested sooner or later but its worth to have a look at that level.

So far I watch this:

187.75/625
187.00/87.5
186.00/87.5
185.625/50
185.25/125
184.50/250
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  • #12,570
  • Edited 7:52am Nov 10, 2015 6:58am | Edited 7:52am
Quoting Temujin
{quote} 7/20/15, 8/5/15 then a few days later again 8/11/15. All the 1.08 area. GOOO YOOO ROOOW!
Hey Temu, my longs got triggered and I moved SL aggressively. Now I'm out. According to my strategy there is a continuation pattern happening today so we could see a deeper penetration, perhaps 1.06. I still expect a strong finish of the year because there was just too much hype that we will hit parity by the end of 2015
  • #12,571
  • Nov 10, 2015 11:14am Nov 10, 2015 11:14am
Quoting alexpi
{quote} Hey Temu, my longs got triggered and I moved SL aggressively. Now I'm out. According to my strategy there is a continuation pattern happening today so we could see a deeper penetration, perhaps 1.06. I still expect a strong finish of the year because there was just too much hype that we will hit parity by the end of 2015


1.05 is the level now. Banks are skeptical on the parity view now. ECB December meeting will take note of EUR weakness and back off.


GBP fundamentally very bearish now.


http://www.forexcrunch.com/3-reasons...deutsche-bank/
Be humble or be humbled.
  • #12,572
  • Nov 10, 2015 12:04pm Nov 10, 2015 12:04pm
Quoting Temujin
{quote} 1.05 is the level now. Banks are skeptical on the parity view now. ECB December meeting will take note of EUR weakness and back off. GBP fundamentally very bearish now. http://www.forexcrunch.com/3-reasons...deutsche-bank/
GBP fundamentally very bearish? Epic fail forexcrunch, GBP is top bullish currency.
  • #12,573
  • Nov 10, 2015 12:09pm Nov 10, 2015 12:09pm
Come on GPB/JPY move.
Attached Image (click to enlarge)
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  • #12,574
  • Nov 10, 2015 12:22pm Nov 10, 2015 12:22pm
Quoting FX-Ray
{quote} GBP fundamentally very bearish? Epic fail forexcrunch, GBP is top bullish currency.
I agree. Although, i wouldn't call it the top bullish i would definitely call it 1B as I see the USD as 1A. Splitting hairs i know lol.

Anyways, the way i see it and will continue to see it until things change drastically fundamentally for the JPY, is that it is a broken currency. It is used solely for funding purposes and only gains temporary strength when there is a risk off move because everyone is liquidating positions at the same time.

IMO, I see a temporary move down to that rising trendline at some point. When that happens I have no idea.

In the mean time, why even bother giving this chart more than 30 secs every few hours?

We know the dollar is on a tear right now. We know commodities are headed lower. We know the euro is headed lower.

Make the easy money. Short AU and EU. Nothing wrong with making easy money
  • #12,575
  • Nov 10, 2015 12:35pm Nov 10, 2015 12:35pm
I see an breakout to the upside coming up for USDJPY and GBPJPY before the ending of US session
  • #12,576
  • Nov 10, 2015 1:10pm Nov 10, 2015 1:10pm
Quoting FX-Ray
{quote} GBP fundamentally very bearish? Epic fail forexcrunch, GBP is top bullish currency.
GBP/USD is range therefore in my view. Reason: Both parts are strong on this pair. But I definitely see some ongoing JPY Weakness, therefore Geppy should go up.
Fix up, trade sharp ...
  • #12,577
  • Nov 10, 2015 5:48pm Nov 10, 2015 5:48pm
Quoting Hickson
{quote} GBP/USD is range therefore in my view. Reason: Both parts are strong on this pair. But I definitely see some ongoing JPY Weakness, therefore Geppy should go up.
G/U:

1.5200/88 - next long target
1.5125/13 - current support
1.5038/25 - DP; rejected - support.
  • #12,578
  • Nov 11, 2015 12:19am Nov 11, 2015 12:19am
That silver chart says time for the U S Dollar to go down.....I don't know about that cable though....really all the other pairs contrive to drive GBP/JPY I see.....and the eur/aud gets driven....and the GBP/NZD
  • #12,579
  • Nov 11, 2015 12:47am Nov 11, 2015 12:47am
Quoting FX-Ray
{quote} G/U: 1.5200/88 - next long target 1.5125/13 - current support 1.5038/25 - DP; rejected - support.
Attached Image
Fix up, trade sharp ...
  • #12,580
  • Nov 11, 2015 1:07am Nov 11, 2015 1:07am
Quoting FX-Ray
{quote} GBP fundamentally very bearish? Epic fail forexcrunch, GBP is top bullish currency.
Actually it was not FX Crunch it was some Deutsche Bank Analyst. Forex Crunch just posted the article. The reasons I'm short here at 186 are totally different however.

When I saw the Bank of Japan take a pass on any new stimulus that was the first sign. The next was the Bank of England. They voted not to raise rates and won't do so until 2016. The third would be the slower and lower growth for longer. That story has not gone away. The credit expansion recovery is pretty much maxed out.

This short trade of mine will run for weeks so I sold here at 186 and will be targeting 178 as my take profit.
Be humble or be humbled.
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