Dragon Riders GBP/JPY

EU getting ready for the big drop-off, what other pairs usually follow or do the opposite?

sell targets if scenario plays out -- 1.0820, 1.0705, 1.038XX, with stops above 1.1160 for a set and forget .. stops will obviously be smaller with active management, will see as it goes as always

CLOSING NOW

good trade

dang , you guys have a crystal ball I guess......nailed that three moves

how do ya do it....he he

Gold is on atear to the upside....i'm closing that out.....I just want solid Gold now and a little silver in spendable break-off squares....and I'm trying to figure out how to get the water out of the mine in Colorado this summer.

and I'm trying to make my creek sand auger go deeper with just hand power....

hourly printed H&S ...
weekly 176 and 182 is where I will follow for shorts
not trading for weekly atm ... hourly looks good for short scalps only
170+- may be a support today/later

setting buy at 171.92

I reckon I got the move up one day too early, thinking it will happen yesterday. Bu it does set to look for that upward today.

Sunday pivot is at 7221, with daily pivot at 7237

Yesterday was 3 strong rejections bouncing up from monthly pivot at 7139

So today can buy at either break of day pivot at 7240. First target will be weekly R1 at 7543, second target will be monthly R1 at 7887

If London opens and price is below 172.00, then buy at 172.03

Ok, so we're in at 172.03.
Let's see what happens here at Sunday pivot 172.22

Placing another buy order at 171.86

Balls of steel, man.

I'm waiting to see which direction this takes off......

I've 2 long position too in G/J.
1st @172,20... mY mistake.
2nd @171.32.
On daily chart it seems that the bearish retrace is going to end.
I think 176 area will be touched in the next few days. The news from BOE are not so good, but the reactions of the BIg player seems not so influeced by.
BOJ is triyng to attract more foreign investor lowering their interst rates.

I'm pretty confidente that G/J will go north further.

This is why we don't try to call the market, but follow the money. It's also why you won't see me posting predictions. Glad I kept yesterday's sell from 171.7xx area open.Dailey looks like its saying this up trend may be over.

hail yes......I had a buy exactly there because of the time of the session and the Thursday history.......when did we sell.....? the usual time......of London open.......the main time of day on your wristwatch to check a reverse.....exactly two hours later....on the 30M mark, it's usually a function of the 30m marks...huh!!!!

Someone please tell me you'll try it......the charts show more than price......the first thing I started mapping was those big reversals and looky there....they happen at the same time all the time....since 2003 anyway

at that 2:30 am New York......you will always see a reverse after 30, 60 or 90 minutes....or the main reversal time....4:30 am.....which has the best track record of major resultant moves....It's the one to watch for if you can only trade one trade a day.........if ya want to sleep more I'm guilty of a terrible sleep pattern, I don't get 4 hours straight for R E M

nope, I was 171.89

Now the only thing left is that Gann date.....He touted February 8 for a reversal.........

it's been February 4 for a decade or more and Feb 2nd lately.....but here it is the 4th.....I'm seeing .....I'm not seeing anything.....down till the 8th would be good.....let a wave 5 go on down there to really low, but the weekend is in the way......big action on Sunday or Monday maybe....

Hi Guys, Im looking for a bit of advice on this pair as I dont normally trade it.

I have heard a couple of analysts talking on bloomberg about this pair is prime for a good long with the recent news coming out of Japan.

So was thinking it could be possible but when to enter and where to exit?

Thanks.

UHGGGGH

Atta boy, even the Asian's want to see this sink, along with every other region it seems. Excited to see if we get a good end of week finish or if I'll have to take some profit ahead of time.

hey....reverse it at 2 am New York or 4 am.....

http://www.forexfactory.com/tryfoss

Hey kiddies, don't do this at home