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Dragon Riders GBP/JPY

if price touches 163.95/164 I will try a long but that may be wishful thinking price is acting like some buying pressure is coming in​
Quoting raiders
riders....take a look at AU on the 30M. Thinking its forming an expanding diagonal pattern like the bottom right one in this pick. guess we wont know till its complete if it completes but watching that sucka like a hawk {image}
looking text book....lets see if it continues...
  • #14,103
  • Quote
  • Edited 9:07am Jan 21, 2016 8:50am | Edited 9:07am
So much pressure from both directions here... been a while since we saw this 2-sided PA

Add1: and this looks like another rejection so far...

Add2: Wouldn't be shocked if Dow Jones tanks here, the purchase orders in the 15400-15700 area were dried up yesterday and couldn't move price to a higher than opening close so any breaks under 15650 could tank it, pulling UJ, NJ, AJ, CJ, EJ down with it...
Pic related to above, this could be a scorcher
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DJ5M.png Size: 42 KB
Click to Enlarge Name: UJ5M.png Size: 43 KB
Price see like to going up...
Attached Image
7:30 am.......New York sends it up so the jpy gets help, otherwise it's strait down for all of everybody.....
  • #14,107
  • Quote
  • Edited 11:24am Jan 21, 2016 11:01am | Edited 11:24am
Quoting AussieForexM
Looking at the monthly chart, price bounced at 163.914 in Feb 14 and yesterday. Way back in June and August 2009, this level also provided resistance. If we break through 163.914, I'm going all in!!! ((-_-))
thanks for that info....I hadn't looked......last it bounced at 163.97......or was it 164.97......

I saw a .97 go by

further out.....more of this.....it should take months to reset everybody.....reset their portfolios,
what started all this is the fed no longer having our back.....like taking the lid off the pressure cooker....I heard one guy on tv say.....the fed no longer doing QE, I guess
166.85..........trying a sell cause that's 215 pips up since 7:30 and it's 11:30.....the 30 M mark
Quoting Gbp/jpy
166.85..........trying a sell cause that's 215 pips up since 7:30 and it's 11:30.....the 30 M mark
im with you

Also getting ready to sell the AU on that expanding diagonal. Looking for risk off going into the weekend and want to try and get in early
Quoting raiders
{quote} im with you Also getting ready to sell the AU on that expanding diagonal. Looking for risk off going into the weekend and want to try and get in early
in on both....lets see the end of today and friday have in the cards for us
  • #14,111
  • Quote
  • Edited 12:19pm Jan 21, 2016 12:04pm | Edited 12:19pm
167.262 H4 resistance/

Mercury, Venus, Mars, Jupiter and Saturn Are About To Align.
hxxp://xxx.iflscience.com/space/mercury-venus-mars-jupiter-and-saturn-are-about-align
This month will see a passing moment where Mercury, Venus, Mars, Jupiter, and Saturn – the five planets visible from Earth by the naked eye – will appear in a line from the horizon to the Moon.
The alignment of these five earthly neighbors will be visible from Wednesday, January 20 to Saturday, February 20.

So I prepare GBPJPY reverse up strong soon,
LoL
Exits == most important part of your strategy
167.26....cool, I didn't know

4H means a lot to me.....so, they're all setting up to give us a parade......seems to affect different sectors....Mars for commodities and Venus for markets.....in retrograde or coming out of it.....that's not exact but something like that
We have reached the bottom at 163.92. The market has corrected and now we push up. I managed to buy the bottom. Longs for me henceforward toward 208.xx
Attached Image


I think this chart do help us.
Exits == most important part of your strategy
Quoting raiders
{quote} in on both....lets see the end of today and friday have in the cards for us
well...normal pullbacks in both to finish up the day. Now just need to let the market do its thing and run for safety in preparation for the weekend. No one in their right mind will want to be holding longs with the mess going on.
Quoting edmun1388
{image} I think this chart do help us.
Are you looking for a false break?
Fix up, trade sharp ...
http://news.forexlive.com/!/nikkei-r...asing-20160121

We have reached the bottom. BOJ will not allow the yen to strengthen any further than it already has. Oil, exchanges, other commodities plummeting saw the yen strengthen as investors fled to their normal safe haven, but only temporarily. 2% inflation target requires a weak(er) currency and that was not achieved in at its most recent highest point. 208.xxx to come.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 24 KB
Quoting Oser
We have reached the bottom at 163.92. The market has corrected and now we push up. I managed to buy the bottom. Longs for me henceforward toward 208.xx
Hey man you're good.......
167.70 for the true trend....... and dropping slowly
Quoting Gbp/jpy
{quote} Hey man you're good.......
Uh. Right, thanks.
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