Dragon Riders GBP/JPY | Page 682 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #13,621
  • Dec 11, 2015 10:49am Dec 11, 2015 10:49am
done for the day....bunch of range bound nonsense and were stuck right in the middle of it. With the GU break above major resistance I now favor a move to the upside in this pair. Im looking for a buy from either somewhere around 183.3/25 area or above 185. I want nothing to do with the ping pong bullshit in between.

equities still showing the signs of topping so I have reservations about just how much this pair will move in the near future.

SO MUCH movement in everything but this pair hopefully it makes up for the rangebound nonsense by a monster breakout at the start of next week
  • #13,622
  • Dec 11, 2015 11:15am Dec 11, 2015 11:15am
Quoting raiders
done for the day....bunch of range bound nonsense and were stuck right in the middle of it. With the GU break above major resistance I now favor a move to the upside in this pair. Im looking for a buy from either somewhere around 183.3/25 area or above 185. I want nothing to do with the ping pong bullshit in between. equities still showing the signs of topping so I have reservations about just how much this pair will move in the near future. SO MUCH movement in everything but this pair hopefully it makes up for the rangebound nonsense by...
Same. I've already been stopped out at broke even (excluding commission, but I can afford that)

I'm gone for the week. Probably going to wait for the FOMC announcement to make a move. It's their last chance to live up to their promise to hike rates. It'll be interesting, to say the least.
  • #13,623
  • Dec 11, 2015 11:20am Dec 11, 2015 11:20am
http://www.zerohedge.com/news/2015-1...eaken-currency

be very careful holding anything over the weekend. were already on the edge with this pair if china gets funky again could be 180 or 178 before you have your morning coffee on sunday
  • #13,624
  • Dec 11, 2015 12:09pm Dec 11, 2015 12:09pm
Currently holding a long from 183.74 see if we can get little up move before day end.

Try and make some profit was stopped out on my short i took earlier at BE then it proceeds to drop 100+ pips lol this chop is real.
  • #13,625
  • Dec 11, 2015 1:05pm Dec 11, 2015 1:05pm
50% and down periscope.....now the basket ball bounces are too small....December....

Overall a year end reverse means upward....be expecting such a move....it happens every year.....whether up or down, that is.....but a reverse
  • #13,626
  • Dec 11, 2015 1:52pm Dec 11, 2015 1:52pm
Quoting Gbp/jpy
50% and down periscope.....now the basket ball bounces are too small....December.... Overall a year end reverse means upward....be expecting such a move....it happens every year.....whether up or down, that is.....but a reverse
I had these basketball bounces ... crossovers, stutters steps, you name it ... doing this for 18 years ... reversing the layups, huh!
Fix up, trade sharp ...
  • #13,627
  • Dec 11, 2015 3:11pm Dec 11, 2015 3:11pm
Sundays are huge in these year enders

Edited this to add.....200 pips from the former extreme is also magnanimous
  • #13,628
  • Dec 11, 2015 3:22pm Dec 11, 2015 3:22pm
why wait for sat....

GJ 30M
Not sold on the pattern, but trendlines are parallel and 1 more bounce fits with my theory because old faithful is sitting down there about 100 pips away. Just cant see it in this chart. 183ish

GU D
Price has crossed over RSI as you can see in the blue circle which is signaling downtrend broken. 1.526 will prob be an issue as will the 1st green trendline over head. Rate raise will bring excitement probably near those levels

AU D
Posting this one because of its proximity to the rising RSI and its rejection from the 382 fib. If it dips below, this thing prob falls through the floor with the rate raise. .66/.65 in the cards??


UC D
FAK I HATE TRADING THE CAD!! No joke, i can not stand this pair.
Anyways, technicals say short the fucker but oil wont stop its fall and help it out. Just something to keep in mind I guess when it finally hits the floor

USDCHF D
Posted this one because ive been seeing the CHF act like the JPY in the past few days. Anyways about a 100 pips from rising trendline.

UJ D
Just like USDCHF about 100 pips way from rising trendline


after all that....buying USD and GBP soon and selling JPY and CHF :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ30.png Size: 63 KB
Click to Enlarge Name: GUDD.png Size: 65 KB
Click to Enlarge Name: AUDD.png Size: 56 KB
Click to Enlarge Name: UCDD.png Size: 56 KB
Click to Enlarge Name: USDCHFD.png Size: 49 KB
Click to Enlarge Name: UJDD.png Size: 54 KB
  • #13,629
  • Dec 11, 2015 5:07pm Dec 11, 2015 5:07pm
10-4 Raiders...thanks for information Alpha....decision height 100 pips below.....cleared to fade-in longs....

So, if Sunday sees volatility....get long somewhere in there....specially down below the 100 pip trendline that resides below. like 100 pip move below it.....BBBBBUY Yessirr, and save some margin for a buy all the way down to 180.00 If the banks get frisky.....I haven't looked for an unsquared candle down below 183.00 ....probably is one.
  • #13,630
  • Dec 12, 2015 9:41am Dec 12, 2015 9:41am
Traders, Keep a backup of all your indicators before updating to built 940.
  • #13,631
  • Dec 12, 2015 9:51am Dec 12, 2015 9:51am
Quoting Gbp/jpy
10-4 Raiders...thanks for information Alpha....decision height 100 pips below.....cleared to fade-in longs.... So, if Sunday sees volatility....get long somewhere in there....specially down below the 100 pip trendline that resides below. like 100 pip move below it.....BBBBBUY Yessirr, and save some margin for a buy all the way down to 180.00 If the banks get frisky.....I haven't looked for an unsquared candle down below 183.00 ....probably is one.
rhetorical device art

Inserted Video
Attached Image
  • #13,632
  • Dec 12, 2015 9:52am Dec 12, 2015 9:52am
Quoting subbusuper
Traders, Keep a backup of all your indicators before updating to built 940.
After each update same problem. Isnt that annoying?
  • #13,633
  • Dec 12, 2015 10:08am Dec 12, 2015 10:08am
Quoting FX-Ray
{quote} After each update same problem. Isnt that annoying?
Actually i didn't noticed that in last update, this time i was lucky i had backup.
  • #13,634
  • Dec 12, 2015 10:30am Dec 12, 2015 10:30am
Not really using indicators and formula for pivots does not change, but yes, the updates are not really professional. Anyway, it is free ...
Fix up, trade sharp ...
  • #13,635
  • Dec 12, 2015 10:31am Dec 12, 2015 10:31am
Quoting Hickson
Not really using indicators and formula for pivots does not change, but yes, the updates are not really professional. Anyway, it is free ...
Agreed, no need for indicators
  • #13,636
  • Dec 12, 2015 10:38am Dec 12, 2015 10:38am
Probably last week of trading this year, yesterday was abysmal, lost 2 % of balance, so either a repair or early trading holiday.
Fix up, trade sharp ...
  • #13,637
  • Dec 12, 2015 8:17pm Dec 12, 2015 8:17pm
Quoting raiders
why wait for sat.... GJ 30M Not sold on the pattern, but trendlines are parallel and 1 more bounce fits with my theory because old faithful is sitting down there about 100 pips away. Just cant see it in this chart. 183ish
Borrow your chart, because it is similar to mine and agree with it. Add a few things.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ30.png Size: 86 KB
  • #13,638
  • Dec 13, 2015 11:39am Dec 13, 2015 11:39am
Quoting frx_trader
{quote} Borrow your chart, because it is similar to mine and agree with it. Add a few things.{image}
Thats what its there for

Im looking for the red arrow.
  • #13,639
  • Dec 13, 2015 2:24pm Dec 13, 2015 2:24pm
going all the way back to 1972, 180.22 is the number..........no real unsquared bank position seen

so the trend line is all that matters.....did you know this pair was trading up at 677.00 back when!! Japan's situation seems to be the control....meaning whatever Japan needs to make it through, they get it....I can't figure out if it's stronger or weaker yen.....any idea??
  • #13,640
  • Dec 13, 2015 5:40pm Dec 13, 2015 5:40pm
there's our first long at the sticky spot....and the 30 M mark....typically it will challenge that place at 183.42 an hour later...let's watch....that is the 7:42 trade
98 traders viewing now