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Dragon Riders GBP/JPY

  • #13,281
  • Edited 11:15am Dec 3, 2015 11:04am | Edited 11:15am
Quoting thegmann
185.3 tough resistance to crack but i think we'll get over it, once we do big pop and up towards 186 {image} {image}
Were getting there I think well see 186 printed by end of day and then a fall back to around 185.8-.6 range afterwards

edit: or possibly not 185.9 might have been it DOWs getting hammered now and big bids on JPY starting up as well looks like peeps are looking for that safety.
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  • #13,282
  • Dec 3, 2015 11:39am Dec 3, 2015 11:39am
I cant count the waves well, but i do trade patterns and lines.....anyways see the expanding pattern below


GJ 30M
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  • #13,283
  • Dec 3, 2015 11:44am Dec 3, 2015 11:44am
Quoting Hickson
{quote} 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
Check 185; trading through back and forth (Range:186; 184), give it 1.5 days more of consolidation, you'll probably get an amazing trade.
It doesnt look like a breakup of 186 yet.

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  • #13,284
  • Dec 3, 2015 11:56am Dec 3, 2015 11:56am
Also, id say were still bearish in GU below 1.5165. That plus the shitty UK data makes me think this up is only temp before a break back to the downside and then down to the old trendline which is now sitting very close to 182.8. But we could also continue up. If we do break up then i think its gonna be a very very nice break
  • #13,285
  • Edited 12:18pm Dec 3, 2015 12:02pm | Edited 12:18pm
I'm waiting until the day is over before I start a trade in the gbp/jpy. Bought the euro from 1.0820 in hopes that the market makers will have one last spike (like they did last time in previous FOMC/ECB conferences. 500+pip movement cough cough). It worked out well enough, and I've 60 pips locked in, completely eschewing the fact that by intraday charts, my trade was "supposed" to be buying at the top.

I find the most profitable trades to be based on experience instead of technical. Maybe it has to do with the fact that history tends to repeat itself.

Euro's hanging over 1.0900, but I wouldn't rule out one last spike to 1.100 before Deus ex Bears show up to bounce the price down, and that sort of currency movement might also set the gbp/jpy to a temporary swing. Anyone here hoping for 1.100? That'd be a good sport to short the eur/usd, and since everybody'd be buying up dollars, it might also get the gbp/jpy out into a more defined direction for the next sessions.

Still net bear on euro. Data's crappy, QE will still continue (oh goody). Hopefully this means that everyone buys up dollars, and as long as the the flight to the dollar is more pronounced in the yen than in the cable, going long on geppy still wins out.

I still expect to see my 200.000 for the gbp/jpy. Gotta love that number.
  • #13,286
  • Dec 3, 2015 12:13pm Dec 3, 2015 12:13pm
Quoting FX-Ray
{quote} Check 185; trading through back and forth (Range:186; 184), give it 1.5 days more of consolidation, you'll probably get an amazing trade. It doesnt look like a breakup of 186 yet. https://www.youtube.com/watch?v=nrdz2VAqZzg
It got me on the wrong foot with that LL and LH on H1. Was too stubborn to hold on to my second long, even though being up 100 pips in the mean time. That LH should have warned me, but ok, just will wait for the next opportunity.
Fix up, trade sharp ...
  • #13,287
  • Dec 3, 2015 12:23pm Dec 3, 2015 12:23pm
Quoting Hickson
{quote} It got me on the wrong foot with that LL and LH on H1. Was too stubborn to hold on to my second long, even though being up 100 pips in the mean time. That LH should have warned me, but ok, just will wait for the next opportunity.
I'd say it's a complete hit or miss for your wish - tomorrow's NFP Friday. It might just climb more without letting us buy lower, but you've still got your first long in place, right? You plan on keeping it through Friday?

I blame my stupidity for sleeping through the first few hours of NY session. Missed out on most of euro and the geppy.
  • #13,288
  • Dec 3, 2015 12:55pm Dec 3, 2015 12:55pm
Quoting Vermillion
{quote} I'd say it's a complete hit or miss for your wish - tomorrow's NFP Friday. It might just climb more without letting us buy lower, but you've still got your first long in place, right? You plan on keeping it through Friday? I blame my stupidity for sleeping through the first few hours of NY session. Missed out on most of euro and the geppy.
No, the first long was a partial profit, the second got s/o and turning a 100 pip + trade into a loss. Not the best choice, sometimes hard to manage with being away from the screen all day though, but no excuses ...
Fix up, trade sharp ...
  • #13,289
  • Dec 3, 2015 1:41pm Dec 3, 2015 1:41pm
Are we going more higher??
When Scalpers win, I lose and Vice varsa...
  • #13,290
  • Dec 3, 2015 4:45pm Dec 3, 2015 4:45pm
pump and dump till tonite......
till New York 2:30 am , I guess
  • #13,291
  • Dec 3, 2015 8:45pm Dec 3, 2015 8:45pm
Quoting Goldflake
Are we going more higher??
Probably a retracement to 185, again. G/J not ready for a directional move yet.

Anyway, G/U:

1.5190/80
1.5130/20
1.5088/75
1.4950/38
1.4913/00
  • #13,292
  • Dec 3, 2015 9:58pm Dec 3, 2015 9:58pm
dang Nikkei was in a bullish symmetry pattern.....now it's down over 2 %
  • #13,293
  • Dec 4, 2015 12:39am Dec 4, 2015 12:39am
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Exits == most important part of your strategy
  • #13,294
  • Edited 1:02am Dec 4, 2015 12:49am | Edited 1:02am
Quoting Feo
Morning I have buy setting up. From 184.15 up to 185.95 {image}
So got stopped ut at b/e, pity did not use a 15 or 2- pip stop, as price only went down 10 points, then up

This orning looking for London to break 185.70 up to 186.20
Forex, awful to watch, AWESOME to play
  • #13,295
  • Dec 4, 2015 12:53am Dec 4, 2015 12:53am
Downward divergence on the 4H dealer chart....nothing on the daily.

......slo sto set for an upmove on that chart, though....I'm looking for reverses at those times on the 30M candle changes....
  • #13,296
  • Dec 4, 2015 1:01am Dec 4, 2015 1:01am
buying at 185.41
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  • #13,297
  • Dec 4, 2015 1:04am Dec 4, 2015 1:04am
Quoting Feo
buying at 185.41
if your going to buy this ranging might as well do it at the bottom (185.3)
  • #13,298
  • Dec 4, 2015 1:14am Dec 4, 2015 1:14am
Quoting thegmann
{quote} if your going to buy this ranging might as well do it at the bottom (185.3)
True that
However I am not aware if Franky wants to reset at weekly R1 at 185.19 first before up
Forex, awful to watch, AWESOME to play
  • #13,299
  • Dec 4, 2015 1:22am Dec 4, 2015 1:22am
sideline atm. Waiting. Waiting. Waiting and Waiting.
  • #13,300
  • Dec 4, 2015 1:22am Dec 4, 2015 1:22am
Personally waiting for 185.08 and if it gets there gonna see if there are any buy signals
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