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Dragon Riders GBP/JPY

  • #14,901
  • Mar 8, 2016 1:47am Mar 8, 2016 1:47am
If you look at all the yen crosses, this is purely pound gaining strength. Yen is still strong across the board.
So if pound holds strength, and yen weakens, we will get our HH soon.

Same the other way round though, yen continues to maintain its crazy strength and the ever so fickle minded pound can keep flipping.
Luck shines on the positive.
  • #14,902
  • Mar 8, 2016 1:49am Mar 8, 2016 1:49am
Quoting maflip
{quote} Still testing your lower trendline.
lolz , my lower trendline
if this is a trap , price must bounce back.
* wife look at my chart and laugh at those who short lolz
Exits == most important part of your strategy
  • #14,903
  • Mar 8, 2016 1:55am Mar 8, 2016 1:55am
Fun fact: Last wednesday's ADR was 300 pips.
Luck shines on the positive.
  • #14,904
  • Mar 8, 2016 2:30am Mar 8, 2016 2:30am
Quoting edmun1388
{quote} lolz , my lower trendline if this is a trap , price must bounce back. * wife look at my chart and laugh at those who short lolz
I'm not short i'm actually bullish at the moment. but no trade yet. She shouldn't laugh she will not always be right. They maybe waiting for Carney to start yapping.
  • #14,905
  • Mar 8, 2016 2:55am Mar 8, 2016 2:55am
Quoting maflip
{quote} I'm not short i'm actually bullish at the moment. but no trade yet. She shouldn't laugh she will not always be right. They maybe waiting for Carney to start yapping.
may be predictin all wrong , funny that price slowly down ..
Exits == most important part of your strategy
  • #14,906
  • Mar 8, 2016 3:04am Mar 8, 2016 3:04am
Quoting edmun1388
{quote} may be predictin all wrong , funny that price slowly down ..
Right now it's not moving. But I'm long if it touches 161.331 that's my buy stop. I got no sell stop at the moment.

But if it go down more I will cancel that pending order.

And you notice I don't predict... I just react.
  • #14,907
  • Mar 8, 2016 3:10am Mar 8, 2016 3:10am
Quoting maflip
{quote} Right now it's not moving. But I'm long if it touches 161.331 that's my buy stop. I got no sell stop at the moment. But if it go down more I will cancel that pending order. And you notice I don't predict... I just react.
161.394 is hard resistance ,your long few pips below this level , may not so good , imo
Exits == most important part of your strategy
  • #14,908
  • Mar 8, 2016 3:16am Mar 8, 2016 3:16am
Quoting edmun1388
{quote} 161.394 is hard resistance ,your long few pips below this level , may not so good , imo
Ok

I don't pay much attention to asian session numbers.

I look for the zone after FOS open and US open.
  • #14,909
  • Mar 8, 2016 3:24am Mar 8, 2016 3:24am
Just entered long, looking at 161.1 for any rejection, otherwise stop loss 160.5.
If it clears 161.1 without bounce, should see it stay up till NY open.
Luck shines on the positive.
  • #14,910
  • Mar 8, 2016 3:26am Mar 8, 2016 3:26am
today price movement still as bear flag imo , unless price close above 161.394 .
doubt level 160.676 ??
* zigzag inner down ?
Exits == most important part of your strategy
  • #14,911
  • Mar 8, 2016 3:35am Mar 8, 2016 3:35am
Quoting edmun1388
today price movement still as bear flag imo , unless price close above 161.394 . doubt level 160.676 ?? * zigzag inner down ?
Yup, thats why stop loss, haha.
Yen is weakening now, with pound being weak but stronger. Lets see what Carney does.
Luck shines on the positive.
  • #14,912
  • Mar 8, 2016 3:35am Mar 8, 2016 3:35am
Quoting YvetteTeo
Just entered long, looking at 161.1 for any rejection, otherwise stop loss 160.5. If it clears 161.1 without bounce, should see it stay up till NY open.
Exits == most important part of your strategy
  • #14,913
  • Mar 8, 2016 3:39am Mar 8, 2016 3:39am
Last ninja ..

top resistance : 161.394
bottom support : 160.677


Thats why YvetteTeo long from there , clever
..anyway ., I already ++
Exits == most important part of your strategy
  • #14,914
  • Mar 8, 2016 3:42am Mar 8, 2016 3:42am
Quoting edmun1388
Last ninja .. top resistance : 161.394 bottom support : 160.677 Thats why YvetteTeo long from there , clever ..
Problem is, if I'm right, "BIG IF", what should the TP be. Care to advise?

*Good luck to us both
Luck shines on the positive.
  • #14,915
  • Mar 8, 2016 3:47am Mar 8, 2016 3:47am
Quoting YvetteTeo
{quote} Problem is, if I'm right, "BIG IF", what should the TP be. Care to advise?
1. must go through 161.394 then
2. 161.846 then
3. 162.10 162.22
then top strong bigo
* I only long small lot just as a test

** safe entry will be price go above 161.394 with strength .. maybe few hours later
Exits == most important part of your strategy
  • #14,916
  • Mar 8, 2016 4:18am Mar 8, 2016 4:18am
Quoting YvetteTeo
{quote} Problem is, if I'm right, "BIG IF", what should the TP be. Care to advise? *Good luck to us both
u still hold trade ?
I out from M1 ..no good
* this strategy may not always work
** now double bottom ..
Exits == most important part of your strategy
  • #14,917
  • Mar 8, 2016 4:19am Mar 8, 2016 4:19am
Quoting edmun1388
{quote} u still hold trade ? I out from M1 ..no good
yup, im out, looking for reentry, both pound is weakening yen is strengthening double whammy

*keeping half of the open lots though, took a slight lost.
**the double bottom on nikkei is what I'm watching
Luck shines on the positive.
  • #14,918
  • Mar 8, 2016 7:40am Mar 8, 2016 7:40am
Time : oanda 7:55
hard resistance : 161.359
support : 160.416

* care B trap at 160.42 , ranging zone , best wait break up/down then in
** M30 bear . H4 BAT pattern down
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 11 KB


I 1st time trade like that , suppose PO buy at 160.416
* I can detect such support or resistance , but scare trade PO at support
Exits == most important part of your strategy
  • #14,919
  • Mar 8, 2016 8:30am Mar 8, 2016 8:30am
Quoting raiders
{quote} I see it going up there but not yet. i feel like it needs to hit the 75 area first. but i have no clue
Looks valid so far, just needs time to materialize.
  • #14,920
  • Mar 8, 2016 8:35am Mar 8, 2016 8:35am
Hi, Ray long time .
do u think GJ now longer term down ? since GJ now close below 233 sma ?
Exits == most important part of your strategy
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