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Dragon Riders GBP/JPY

  • #14,601
  • Feb 23, 2016 11:43am Feb 23, 2016 11:43am
Quoting FX-Ray
{quote} You're welcome sir
Funny if they talk about 110 when the move almost done:

USD/JPY drop compounds BOJ’s dilemma, bears gunning for 110?

I guess as a trader you should've noticed earlier.. - Post #14,400
  • #14,602
  • Feb 23, 2016 12:46pm Feb 23, 2016 12:46pm
third bump right there at 1:44 New York........buy for 158.10
  • #14,603
  • Feb 23, 2016 1:30pm Feb 23, 2016 1:30pm
Hey Ray good to see you. I've closed off all short term exposure at 157.04. Currently eye your 158.10 lvl for upside, Although further downside continuation to 156.76 seems probable
the market can remain irrational longer than you can remain solvent
  • #14,604
  • Feb 23, 2016 1:40pm Feb 23, 2016 1:40pm
these pairs seem to be extremely over sold. I have to imagine a correction of some sort has to be in order soon
  • #14,605
  • Feb 23, 2016 8:37pm Feb 23, 2016 8:37pm
Hey, maybe we'll have us a turn around Tuesday...
  • #14,606
  • Feb 23, 2016 8:44pm Feb 23, 2016 8:44pm
Quoting raiders
these pairs seem to be extremely over sold. I have to imagine a correction of some sort has to be in order soon
It was oversold at 176 it was over sold at 166 its over sold at 156....catch the pattern? lol "Markets can remain irrational longer than you can remain solvent" This sucker is crashing and burning and has been we haven't had a month candle like this in any JPY pair since 08 before that 01 before that 98 yeah...not to be a doomdayer but things really aren't looking good. Not to say you cant scalp it. Had few decent catches at those levels but you got to get out quick before it rolls over on you.
  • #14,607
  • Edited 9:16pm Feb 23, 2016 8:50pm | Edited 9:16pm
Bergmann. Yes easy to short term trade, nice of em , huh !

So, watch Gold, we'll see about the pair from hail

Buying the turn, but it's like work.....ha. ha. Keep getting knocked out with three pips
  • #14,608
  • Feb 23, 2016 10:52pm Feb 23, 2016 10:52pm
So buying now means betting the month's candle will have a wick at the bottom,

Other wise it's more downside further out....
  • #14,609
  • Feb 23, 2016 11:30pm Feb 23, 2016 11:30pm
Quoting thegmann
{quote} It was oversold at 176 it was over sold at 166 its over sold at 156....catch the pattern? lol "Markets can remain irrational longer than you can remain solvent" This sucker is crashing and burning and has been we haven't had a month candle like this in any JPY pair since 08 before that 01 before that 98 yeah...not to be a doomdayer but things really aren't looking good. Not to say you cant scalp it. Had few decent catches at those levels but you got to get out quick before it rolls over on you.
ohh no doubt this thing has more to run. ive got uj hitting somewhere between 107.25 and 106 so im guessing this has a ways to go. Just thinking this slow bleed needs a slight rest. who knows though...maybe not? Weekly S2 was 157.592 and S3 is 152.234 and monthly S2 was at 158.011 so im guessing at some point theres gotta be a rest? Who knows?
  • #14,610
  • Feb 23, 2016 11:35pm Feb 23, 2016 11:35pm
I just saw 155.99. Good information....thanks
  • #14,611
  • Feb 23, 2016 11:50pm Feb 23, 2016 11:50pm
Quoting Gbp/jpy
I just saw 155.99. Good information....thanks
154.238 is what im seeing as the .786 extension on the recent swing....anything down there?
  • #14,612
  • Feb 24, 2016 1:13am Feb 24, 2016 1:13am
Yes, unsquared candles every two hundred pips...
  • #14,613
  • Feb 24, 2016 1:20am Feb 24, 2016 1:20am
I'm loving this pair at the minute, she's so predictable in the short term.
  • #14,614
  • Feb 24, 2016 1:32am Feb 24, 2016 1:32am
Quoting Gbp/jpy
So buying now means betting the month's candle will have a wick at the bottom, Other wise it's more downside further out....
Looks like the gbp might catch a bit of a breather today
  • #14,615
  • Feb 24, 2016 1:36am Feb 24, 2016 1:36am
With this latest move down could be the end of Wave 5 from the weekly high of 195.26. Time will tell if we see an A-B-C correction wave targeting 175.66 or 180.29.
Lost....
  • #14,616
  • Feb 24, 2016 1:41am Feb 24, 2016 1:41am
Quoting gespiri
With this latest move down could be the end of Wave 5 from the weekly high of 195.26. Time will tell if we see an A-B-C correction wave targeting 175.66 or 180.29.
Yes Technically I can see this as being a good area for a directional change in price action. However Fundamental wise there are way to many elements floating around at the moment of uncertainty given the Fed & interest rates, Brexit, Euro concerns & Global financial uncertainty at this point that lend my favorite quote

"The market can remain irrational longer than you can remain solvent"

Careful out there ppl
the market can remain irrational longer than you can remain solvent
  • #14,617
  • Feb 24, 2016 5:34am Feb 24, 2016 5:34am
Buy limit @ 154.155
  • #14,618
  • Feb 24, 2016 6:57am Feb 24, 2016 6:57am
Sell stop @ 154.155
Lost....
  • #14,619
  • Feb 24, 2016 7:27am Feb 24, 2016 7:27am
long max pips 20 now , TP : market give , win or lose , no care.
Exits == most important part of your strategy
  • #14,620
  • Feb 24, 2016 8:34am Feb 24, 2016 8:34am
Quoting gespiri
Sell stop @ 154.155
A forex duel, only one winner
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