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Dragon Riders GBP/JPY

  • #13,261
  • Dec 3, 2015 1:15am Dec 3, 2015 1:15am
Quoting Gbp/jpy
how does this guy know this..? 0 79 GBP/JPY breaks major trend line support 184.40, targets 182.80 Major support -184.40 (trend line joining 180.66 and 184.25) The pair has broken major support 184.40 and closed below that level yesterday. It is currently trading around 184.06. Short term trend is weak as long as resistance 185.25 holds. Any break above 185.25 will take the pair to next level 185.60/186. On the downside support is around 183.80 and break below targets 182.75/181.80...
pivot points i believe
  • #13,262
  • Dec 3, 2015 1:29am Dec 3, 2015 1:29am
I see yes...well, I cut my short and went long....like a non-trader, huh!!

Goldflake said stay out.....I'm gonna get stomped....
  • #13,263
  • Dec 3, 2015 2:24am Dec 3, 2015 2:24am
Quoting FX-Ray
G/J current: 185.25/00 - first long target 184.38/25 - current resistance 184.00/3.88 - current support 183.50/38 - first short target 182.75/63 - second short target
The respect has gone up a notch, well done dude!
  • #13,264
  • Dec 3, 2015 2:43am Dec 3, 2015 2:43am
Thinking about launching a short around 184.60/50 (my daily pivot) but hoping for 20-30pips higher. No positions right now, but I'm biased towards further downside from here, with an allowance for a small further climb of a couple ten pips before the geppy continues to fall for this trading day.

And welcome back, Ray. I miss your old x-ray profile picture, though.
  • #13,265
  • Edited 3:09am Dec 3, 2015 2:54am | Edited 3:09am
Experience trader: Can you tell me details what kind of effect are normally seen in the Services PMI news?
  • #13,266
  • Dec 3, 2015 3:29am Dec 3, 2015 3:29am
Quoting biccinno
Experience trader: Can you tell me details what kind of effect are normally seen in the Services PMI news?
Depends on the accuracy of the forecasts. A 2 point difference between reality and the forecast could cause large moves in either direction (if negative difference - down, if positive - up). The number by itself is not so important as the overall trend and the overall tendencies of the economy's performance.

Therefore sometimes if there have been consecutive negative results even a very positive result could only lead to a better sell opportunity
  • #13,267
  • Dec 3, 2015 5:06am Dec 3, 2015 5:06am
how the pound will be affected after today's news about the EUR? The poor sterling seems to be week for a long time from now...
  • #13,268
  • Dec 3, 2015 5:09am Dec 3, 2015 5:09am
Where are the gurus now before the ECB facts?
Fix up, trade sharp ...
  • #13,269
  • Dec 3, 2015 5:36am Dec 3, 2015 5:36am
Read Goldman is predicting a 300pip drop on extra dovish news. Prob means we see 300 north
  • #13,270
  • Dec 3, 2015 5:52am Dec 3, 2015 5:52am
Quoting raiders
Read Goldman is predicting a 300pip drop on extra dovish news. Prob means we see 300 north

Extra dovish......won't that be bullish for Gbp/jpy given a dovish EU mean a risk on sentiment?
  • #13,271
  • Dec 3, 2015 7:51am Dec 3, 2015 7:51am
Quoting raiders
Read Goldman is predicting a 300pip drop on extra dovish news. Prob means we see 300 north
Yup that usually does the trick lol
  • #13,272
  • Dec 3, 2015 7:52am Dec 3, 2015 7:52am
Quoting Hickson
Where are the gurus now before the ECB facts?
Waiting for the fact.
  • #13,273
  • Dec 3, 2015 7:53am Dec 3, 2015 7:53am
Quoting FX-Ray
G/J current: 185.25/00 - first long target 184.38/25 - current resistance 184.00/3.88 - current support 183.50/38 - first short target 182.75/63 - second short target
Support held, resistance broken.. first TP filled. Well I guess that was before the fact, right?
  • #13,274
  • Edited 8:21am Dec 3, 2015 8:00am | Edited 8:21am
Quoting thegmann
Been super busy haven't put on too many new positions in a while just holding some longer term trades but I did just put on another long at 184.2. Feel this is a good price to enter for good r/r for upside trade back towards 188-190 range. Cheers. {image}
Still holdin my long SL to breakeven letting it ride as per my analysis
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  • #13,275
  • Dec 3, 2015 8:11am Dec 3, 2015 8:11am
Quoting FX-Ray
{quote} 1.5300/2.88 1.5238/25 1.5163/50 1.5050/38 1.4963/50 (!) - pay close attention to this price; high probability reversal/continuation, I expect decent volatility there 1.4913/00 And I thank all contributors making this thread possible including you flake
G/U:

Both printed and rejected
  • #13,276
  • Edited 8:40am Dec 3, 2015 8:23am | Edited 8:40am
185.3 tough resistance to crack but i think we'll get over it, once we do big pop and up towards 186
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  • #13,277
  • Dec 3, 2015 8:39am Dec 3, 2015 8:39am
G/J current:

current is 185.38/25

Watching the profile, 185 tells stories about current market behaviour, there is still missing consensus, probably this has to be traded first for a strong directional price change. (185.00/4.88, check profile)
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  • #13,278
  • Dec 3, 2015 9:09am Dec 3, 2015 9:09am
both gu and gj back on track. Don't know if it was lack of liquidity or just market being over eager in the corrections. Doesn't matter much at this point. Either way time to make up for the loses.
  • #13,279
  • Dec 3, 2015 10:42am Dec 3, 2015 10:42am
So 186 even does figure in there...OK......
This thread is so cool
  • #13,280
  • Dec 3, 2015 11:04am Dec 3, 2015 11:04am
Quoting FX-Ray
{quote} Waiting for the fact.
It's funny actually, isn't it? No big mouth guru talk before the facts. Now the brag is on, I would bet on that without viewing the forums and being away from the markets all day
Fix up, trade sharp ...
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