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Dragon Riders GBP/JPY

  • #13,741
  • Dec 22, 2015 9:31am Dec 22, 2015 9:31am
So many pairs sitting against some serious long term resistance right now. This is very interesting. I am standing at the sidelines until I have a better idea of wind direction. It could change at a moments notice or really pick up from here I think.
  • #13,742
  • Dec 22, 2015 10:44am Dec 22, 2015 10:44am
IMO . until now
Look for Up pairs : AUDJPY,NZDJPY,CADJPY,EURJPY,CHFJPY,

USDJPY [ up now]

GBPxxx' is down pairs.

so GBPx down , xJPY up , funny little.
Exits == most important part of your strategy
  • #13,743
  • Dec 22, 2015 12:30pm Dec 22, 2015 12:30pm
Quoting alexpi
{quote} I think this is the TL raiders is watching {image}
I saw that, but considering its never really been tested before, I didn't consider it a trend line. Now if this bounces, that would be a confirmation.
  • #13,744
  • Edited 10:38pm Dec 22, 2015 10:20pm | Edited 10:38pm
GJ Monthly

Make or break time....

I lean break time but thats just me


Also want to add that just because it breaks this line does not mean it will not go back up. JPY is a broken currency and GBP is still the #2 in line to raise rates as far as im concerned. That said any break will be temporary cause this pair will keep on rising until something changes fundamentally in japan
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  • #13,745
  • Dec 22, 2015 10:33pm Dec 22, 2015 10:33pm
AU Daily

Bottom line is confirmed.

Top line not sold on either the black or the red line, but I lean towards the red one. Either way, dollar is king right now and jpy is right behind it so i lean towards a break to the downside.
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  • #13,746
  • Dec 23, 2015 12:42am Dec 23, 2015 12:42am
Don't overtrade! Be safe! Happy holidays!
Fix up, trade sharp ...
  • #13,747
  • Dec 23, 2015 2:00am Dec 23, 2015 2:00am
181
  • #13,748
  • Dec 23, 2015 9:22am Dec 23, 2015 9:22am
Quoting Hickson
Don't overtrade! Be safe! Happy holidays!
Always keen advice I forget often.
  • #13,749
  • Dec 24, 2015 4:46am Dec 24, 2015 4:46am
Quoting alexpi
{quote} Yeah, I'm not opening positions over the holidays, but do still check the market every 3-4 hours while at work. Analysing without thinking about orders, risk management, and positions is a treat 179.2-.0 duly noted as PoI
There we go, 179. Major reference point, if holds room for retracement until 182.
  • #13,750
  • Dec 24, 2015 4:48am Dec 24, 2015 4:48am
merry christmas everyone
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  • #13,751
  • Dec 24, 2015 4:58am Dec 24, 2015 4:58am
Quoting FX-Ray
{quote} There we go, 179. Major reference point, if holds room for retracement until 182.
Yep I bought in after this candle. Not sure if I'll hold through Christmas though... It's usually my policy not to hold over the weekend.
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  • #13,752
  • Dec 24, 2015 5:16am Dec 24, 2015 5:16am
Quoting FX-Ray
merry christmas everyone {image}
Thanks, same to you!
Fix up, trade sharp ...
  • #13,753
  • Dec 24, 2015 5:23am Dec 24, 2015 5:23am
watch out for the Christmas monster low volume. This pair is a volatile beast generall in any case.
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  • #13,754
  • Dec 24, 2015 6:09am Dec 24, 2015 6:09am
Quoting Pip-Miner
watch out for the Christmas monster low volume. This pair is a volatile beast generall in any case. {image}
Stoploss already at break even, it matters none to me. Actually all Christmas week hasn't been bad. This has probably been my best week in a minute.
  • #13,755
  • Dec 24, 2015 7:56am Dec 24, 2015 7:56am
merry Christmas EVERYBODY......you guys got the Spirit...!!
  • #13,756
  • Dec 24, 2015 8:10am Dec 24, 2015 8:10am
Quoting Gbp/jpy
merry Christmas EVERYBODY......you guys got the Spirit...!!

back atcha man..
Look Sharp/Trade Tight
  • #13,757
  • Dec 24, 2015 8:24am Dec 24, 2015 8:24am
A support base at 179 has formed and has allowed for a temporary stabilisation. I'm going to open a long positions above 179 with targets @ 180.15 & 180.6 in extension.
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  • #13,758
  • Dec 24, 2015 5:16pm Dec 24, 2015 5:16pm
I really appreciate that.
  • #13,759
  • Edited 7:16pm Dec 27, 2015 6:58pm | Edited 7:16pm
Attached Image

Long term : 80 - 500 pips
All those magenta line are resistance line , any bar break it and then close below the line is down.
Exits == most important part of your strategy
  • #13,760
  • Dec 27, 2015 8:50pm Dec 27, 2015 8:50pm
Quoting edmun1388
{image} Long term : 80 - 500 pips All those magenta line are resistance line , any bar break it and then close below the line is down.
edmun1388, what direction you mean with "long term: 80 - 500 pips'? I am still bearish here and would like to see 177 level
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