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Dragon Riders GBP/JPY

  • #13,901
  • Jan 6, 2016 8:16pm Jan 6, 2016 8:16pm
Hi all,

Hope to gain much knowledge and tips here.

Sharing our humble position here.

Cheers.
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  • #13,902
  • Jan 6, 2016 8:23pm Jan 6, 2016 8:23pm
my audchf just hit my spot and i closed out my final position. thinking im gonna enjoy the rest of the week now and observe how the market moves from here. GJ is in my buy zone but im not stepping in front of that truck called the jpy. i figure if it is indeed the buy zone we will get a pullback at some point and thats where I will enter.

trade carefully all and good luck
  • #13,903
  • Jan 6, 2016 10:25pm Jan 6, 2016 10:25pm
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Exits == most important part of your strategy
  • #13,904
  • Edited 11:44pm Jan 6, 2016 11:33pm | Edited 11:44pm
Tomorrow trouble......New York gonna open down guess

Someone breakout the book on downside targets....
  • #13,905
  • Jan 7, 2016 12:14am Jan 7, 2016 12:14am
Weekly downside breakout still in play.

170.000 psychological level to hold/buying opportunity??

Any trade ideas that can be share?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 56 KB
  • #13,906
  • Jan 7, 2016 2:55am Jan 7, 2016 2:55am
give it 1-2 more weeks.
  • #13,907
  • Jan 7, 2016 3:03am Jan 7, 2016 3:03am
I wouldn't go long before a BoJ intervention; I'm pretty sure that we'll see 168-169...

also wait for GU first.
  • #13,908
  • Jan 7, 2016 3:24am Jan 7, 2016 3:24am
Quoting openyoureyes
I wouldn't go long before a BoJ intervention; I'm pretty sure that we'll see 168-169... also wait for GU first.
was just thinking about 168, happy to get some confirmation
  • #13,909
  • Jan 7, 2016 5:54am Jan 7, 2016 5:54am
with all the respect, im lookin for fly to 180!
it is too hard manupulate now
  • #13,910
  • Jan 7, 2016 6:07am Jan 7, 2016 6:07am
HOw come on NFP tomorrow ?
WIll it dive continue ??
  • #13,911
  • Jan 7, 2016 6:17am Jan 7, 2016 6:17am
Quoting datdle
with all the respect, im lookin for fly to 180! it is too hard manupulate now
give it some time.
need to find price floor around ~168

my long term target is 185
  • #13,912
  • Jan 7, 2016 6:50am Jan 7, 2016 6:50am
Quoting openyoureyes
{quote} give it some time. need to find price floor around ~168 my long term target is 185

168 and 169 are good, but today might be limited to 170, with a bounce before resuming fall. Can't say for certain; gbp/jpy = oversold, but it's driven by short-term news like the Shanghai index.

Of course, if 170.70 remains support, we'll need to wait and see.
  • #13,913
  • Jan 7, 2016 7:20am Jan 7, 2016 7:20am
agreed, any short-term news will push GBP/JPY further down.
  • #13,914
  • Jan 7, 2016 7:30am Jan 7, 2016 7:30am
Quoting jpwtrade
{quote} Went long to early, but holding on.................. {image}
Update on wave count - Trading the wave 4 of a potential ending diagonal .
Preparing longs on zigzag towards 190.00.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 7Jan16.png Size: 65 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #13,915
  • Jan 7, 2016 7:39am Jan 7, 2016 7:39am
Quoting skyhok
{quote} Update on wave count - Trading the wave 4 of a potential ending diagonal . Preparing longs on zigzag towards 190.00. {image}
Holding ....... and hedged Short TP @ 169.00
  • #13,916
  • Jan 7, 2016 7:46am Jan 7, 2016 7:46am
Quoting skyhok
{quote} Update on wave count - Trading the wave 4 of a potential ending diagonal . Preparing longs on zigzag towards 190.00. {image}
The final TP look about right, currently got same TP @ 156 ish

Not doing wave count but just based on FIB 50% Retracement
  • #13,917
  • Jan 7, 2016 8:14am Jan 7, 2016 8:14am
The crash has been heavy.
Seems no end in sight for the fall yet.
NFP could send this Ninja beast GJ to the cinders
168 03 looking like support.Although a retracement on the thursday low in view.
The Profit Of The Earth Is For All
  • #13,918
  • Jan 7, 2016 8:16am Jan 7, 2016 8:16am
Quoting jpwtrade
{quote} Holding ....... and hedged Short TP @ 169.00
Quoting Big Bruv
{quote} The final TP look about right, currently got same TP @ 156 ish Not doing wave count but just based on FIB 50% Retracement
Let's see if this works.
Elliott Wave for optimum entry, exit and risk management of trades
  • #13,919
  • Jan 7, 2016 8:30am Jan 7, 2016 8:30am
https://finance.yahoo.com/news/soros...120350770.html

Miss information by Soros? I think so
  • #13,920
  • Jan 7, 2016 8:38am Jan 7, 2016 8:38am
Quoting skyhok
{quote} Update on wave count - Trading the wave 4 of a potential ending diagonal . Preparing longs on zigzag towards 190.00. {image}
That bottom trendline is what I'm seeing. Just waiting for confirmation before the long.
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