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Dragon Riders GBP/JPY

  • #14,581
  • Feb 19, 2016 6:13am Feb 19, 2016 6:13am
gj open for some action before weekend imo
  • #14,582
  • Edited 1:10pm Feb 19, 2016 10:01am | Edited 1:10pm
doing the weekend work....

AU 4H
will prob take the entire week to hit the spot but if you look back a few posts you will see ive had my eye on the .683 level....anyways, from this spot right here its a perfect entrance....i just dont feel like holding over the weekend
fundamentally...stevens once again said he wants to see it sitting at 65...not good numbers for aud recently and good numbers for usd...techs and fundis lining up for a long slow bleed

edit....and that run is why i dont trade on friday mornings
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  • #14,583
  • Feb 19, 2016 1:18pm Feb 19, 2016 1:18pm
162.00

sellin dat.....
  • #14,584
  • Edited 5:10pm Feb 20, 2016 2:10pm | Edited 5:10pm
GU 1H

Looking for a rejection in the area of the circle.....if it breaks the consolidation then i will re-evaluate and look for a spot to try and long


GJ 1H
Basically the same deal here....guess we just need to see how the market reacts the the brexit news?? That 162.77 area has ALOT going on though.....who knows...

Eiter way...when looking at the GJ on the daily there are a couple long wicks down there might mean a temporary correction north out of this current downtrend...if so then 165.6 and 167.4 is what ill be looking for

edit..updated charts
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  • #14,585
  • Edited 9:41pm Feb 20, 2016 4:19pm | Edited 9:41pm
What do you think about the next friday 169.9-169.6?
and if the exchange rate can break though this then it can going to 176,8.Is this a real scenario?Sorry for the poor english.We are over the divergencie and on the daly chart quiet simpatic candle and if the tren comin up long the the 125 sma going to be right there. i think the best possible level is the right now for a long term long trade.
however the brexit news might cause troubles. i hopoe not.
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  • #14,586
  • Feb 20, 2016 10:21pm Feb 20, 2016 10:21pm
Quoting safi182
What do you think about the next friday 169.9-169.6? and if the exchange rate can break though this then it can going to 176,8.Is this a real scenario?Sorry for the poor english.We are over the divergencie and on the daly chart quiet simpatic candle and if the tren comin up long the the 125 sma going to be right there. i think the best possible level is the right now for a long term long trade. however the brexit news might cause troubles. i hopoe not. {image} {image}
This is what i was looking at if the shorter term blue lines dont hold the price. wasnt going to post this until there was more confirmation for a trip up...but since your chart looks very similar i figured why not lol either way i think were fishing in the same pond so thats a good thing i think
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  • #14,587
  • Feb 21, 2016 5:34pm Feb 21, 2016 5:34pm
"Great "news today totaly screwed my calculation. sad face. http://www.forexfactory.com/news.php?do=news&id=579757
  • #14,588
  • Feb 21, 2016 7:06pm Feb 21, 2016 7:06pm
just signed on......cool ..I wonder what peril the market will bestow upon us.....last three weeks have been too easy, huh

I'm callin for......hmmm, I feel like.........I feel upwards somehow with that ol GBP/JPY...yea, that's right
could this be Sunday down real quick ...then up forever, I don no

  • #14,589
  • Edited 8:12pm Feb 21, 2016 7:09pm | Edited 8:12pm
Quoting Gbp/jpy
just signed on......cool ..I wonder what peril the market will bestow upon us.....last three weeks have been too easy, huh I'm callin for......hmmm, I feel like.........I feel upwards somehow with that ol GBP/JPY...yea, that's right could this be Sunday down real quick ...then up forever, I don no
This is what im seeing in UJ....looking for 116

too early on sunday to see what the real move is gonna be imo...that said im staying away from gbp till i get more confirmation on the move. Reasoning for the UJ long is simple....easy rejection from the 618...bullish divergence(although i didnt illustrate it on the chart)....recently moved from oversold on the 4H...long lower wicks on the daily....and finally the move to 116ish is needed to complete the rejection from the recent break down. From 116 im looking to short this sucker


edit....forgot to add...this is wave iii according to my count....but then again i cant count for shit :nerd:
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  • #14,590
  • Feb 21, 2016 8:08pm Feb 21, 2016 8:08pm
yes, right now now asia drives this market around...like never before...
  • #14,591
  • Edited 7:52pm Feb 22, 2016 7:22pm | Edited 7:52pm
We're only 170 pips away from that unsquared candle I was griping about......156 something

EDIT.....

calling FXRay.....hello FXRay...come in pleaseFXRay request

130 out from the outer marker...request radar vectors around 156 zone....
  • #14,592
  • Feb 23, 2016 3:18am Feb 23, 2016 3:18am
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
As posted - the 156 was the ultimate level to hit as it's the 50 fib of the move up.

~I closed out my trades at the end of Jan - so missed out on the 2nd leg down.

I should be back at start of march but I'm neutral in my bias until I see this go one way or another after the 156 level.
  • #14,593
  • Feb 23, 2016 3:46am Feb 23, 2016 3:46am
Yes that was the ultimate and now it is time for the bulls to take over in my opinion, but better wait for confirmation.
  • #14,594
  • Feb 23, 2016 6:38am Feb 23, 2016 6:38am
We think the same.....
  • #14,595
  • Feb 23, 2016 8:57am Feb 23, 2016 8:57am
Quoting Johankort
Yes that was the ultimate and now it is time for the bulls to take over in my opinion, but better wait for confirmation.
Nope

Big Pattern to the downside. Might go down more.
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  • #14,596
  • Feb 23, 2016 9:11am Feb 23, 2016 9:11am
great chart.....but we mean after the 156.xx

my330 pip system says 156.41
  • #14,597
  • Feb 23, 2016 9:16am Feb 23, 2016 9:16am
market map:

G/U 1.4310
U/J 111.88
G/J 158.10

As soon as U/J 111.88 printed pay close attention to G/U 1.4310 & G/J 158.10
If U/J sells 111.88 and break it to the downside G/J upside target 158.10 & G/U upside target 1.4310

Had the same trade configuration at the 19th February, last week friday.

U/J 112.76 - sold off
G/U 1.4335 - after sell off of U/J been bought above 1.4335
G/J 161.60 - same as G/U, been bought above 161.60

Nonetheless, U/J 110 is still target, after that print worth watching G/J.
  • #14,598
  • Feb 23, 2016 9:23am Feb 23, 2016 9:23am
soo on this down move the 5M chart has it's first bump on the slo sto.....we need at least one more in this controlled volatility....

if it was wilder we would be at the daily low already....so maybe more by after hours New York....see what they sneak in after the equity market closes
  • #14,599
  • Edited 10:00am Feb 23, 2016 9:24am | Edited 10:00am
Quoting FX-Ray
market map: G/U 1.4310 U/J 111.88 G/J 158.10 As soon as U/J 111.88 printed pay close attention to G/U 1.4310 & G/J 158.10 If U/J sells 111.88 and break it to the downside G/J upside target 158.10 & G/U upside target 1.4310 Had the same trade configuration at the 19th February, last week friday. U/J 112.76 - sold off G/U 1.4335 - after sell off of U/J been bought above 1.4335 G/J 161.60 - same as G/U, been bought above 161.60 Nonetheless, U/J 110 is still target, after...
Thank you , sir......breath a fresh air
  • #14,600
  • Feb 23, 2016 9:31am Feb 23, 2016 9:31am
Quoting Gbp/jpy
{quote} Thank you , sir......
You're welcome sir
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