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Dragon Riders GBP/JPY

  • #15,181
  • Edited 12:12pm Mar 14, 2016 11:39am | Edited 12:12pm
wait for the dump - re-dump .
* 1:12 am , I need sleep , nite all .good luck to you all lot of green pips .
Exits == most important part of your strategy
  • #15,182
  • Mar 14, 2016 6:12pm Mar 14, 2016 6:12pm
Quoting Pip-Miner
{quote} interesting, we are at the same fib retrace from the last swing up ,between 30 and 50 {image}
if get another day down she ready to tumble in my opinion. 164 all she got left in her Im starting to conclude, looking bearish currently
  • #15,183
  • Mar 14, 2016 8:44pm Mar 14, 2016 8:44pm
morning , GJ 162.36 , wait for another 25-40 pips drop
Exits == most important part of your strategy
  • #15,184
  • Edited 10:39pm Mar 14, 2016 9:45pm | Edited 10:39pm
That's a major buy .....162.28

dang....did you see that.....
  • #15,185
  • Mar 14, 2016 9:57pm Mar 14, 2016 9:57pm
algos got confused?
  • #15,186
  • Edited 10:15pm Mar 14, 2016 9:57pm | Edited 10:15pm
G'evening, geppy traders.

Just one important thing I noticed in the markets in the past 10 minute or so.

We had a immediate spike in yen pairs (usd/jpy, gbp/jpy, etc.) Just prior to a BOJ announcement. If past experience is any indication, this might be some market makers and high profile groups getting a news leak and adjusting positions accordingly.

Whatever the case, someone may be moving in the yen pairs, and we're close to a BOJ announcement. Could be coincidental, maybe not. But the bounce from 163.30/20 , with a whiplash spike to 163.760 is significant.

I'm personally wary of a big swing upwards, possibly worth hundreds of pips. BOJ & Kuroda will speak in about an hour or so, depending on when they feel like it, and I'm getting anxious. Could also be down though. Something's off.

Edit 1: I'm adding a few longs prior to the BOJ announcement. Let's see if it pays off.

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  • #15,187
  • Mar 14, 2016 10:31pm Mar 14, 2016 10:31pm
There are still room to breath for bear in daily bar But i reckon it would be just spike rather than long term. Personally i am leaning toward bull in long term. If there is anything to convince me so, it's the weekly bar. So i am long like Vermillion
  • #15,188
  • Mar 14, 2016 10:40pm Mar 14, 2016 10:40pm
go sleep..short SL 30 pips trigger by spike +spread 20 pips ... oanda clear my short...make room down/up ..
..???162.881
Exits == most important part of your strategy
  • #15,189
  • Mar 14, 2016 10:44pm Mar 14, 2016 10:44pm
The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 80 trillion yen.

no rate cut, increased easing.
should move south but who knows
  • #15,190
  • Mar 14, 2016 10:46pm Mar 14, 2016 10:46pm
Quoting Vermillion
I'm adding a few longs prior to the BOJ announcement. Let's see if it pays off. {image}
Still keeping those longs around 162.50 until 162.30 is confirmed to be broken....decision will come soon. No change in BOJ, as iterated by previous comment.

Bit disappointed the BOJ going according to expectations, but whatever.

...and Just as I type this, Gbp/jpy heads to 162.......approaching my stop loss real close...
  • #15,191
  • Mar 14, 2016 10:48pm Mar 14, 2016 10:48pm
I aint buyin it....the buy stands till.17 edit add....got blown out of the water....musta been a pirate
  • #15,192
  • Mar 14, 2016 10:52pm Mar 14, 2016 10:52pm
sorry guys , way to,choppy and volatile , tomorrow things will settle but looks like a tank to me as predicted
  • #15,193
  • Mar 14, 2016 10:53pm Mar 14, 2016 10:53pm
maybe 162 will hold,
I have some hope.

1H candle close should hint direction...
  • #15,194
  • Mar 14, 2016 11:01pm Mar 14, 2016 11:01pm
Quoting Vermillion
{quote} Still keeping those longs around 162.50 until 162.30 is confirmed to be broken....decision will come soon. No change in BOJ, as iterated by previous comment. Bit disappointed the BOJ going according to expectations, but whatever. ...and Just as I type this, Gbp/jpy heads to 162.......approaching my stop loss real close...
.....it came less than 10 pips away from my SL. Stuck at 162, if it fails, my trades close. If it succeeds, Retest 162.30 followed by 162.60 at the last line of defense for intraday shorts for the movement.

Edit: I made that trade based on gut instinct. Now let's see whether my gut pays off. Otherwise, I may quite LITERALLY receive a blow to my gut, pun intended.
  • #15,195
  • Mar 14, 2016 11:06pm Mar 14, 2016 11:06pm
Quoting Vermillion
{quote} .....it came less than 10 pips away from my SL. Stuck at 162, if it fails, my trades close. If it succeeds, Retest 162.30 followed by 162.60 at the last line of defense for intraday shorts for the movement. Edit: I made that trade based on gut instinct. Now let's see whether my gut pays off. Otherwise, I may quite LITERALLY receive a blow to my gut, pun intended.
Mate this thing could easily retrace 150+ pips. Both directions
  • #15,196
  • Mar 14, 2016 11:06pm Mar 14, 2016 11:06pm
M30 stochastic sleep well ... M1 cant see blue sky..
Exits == most important part of your strategy
  • #15,197
  • Mar 14, 2016 11:35pm Mar 14, 2016 11:35pm
parking at 161.3 area to see if it hit too many lows
  • #15,198
  • Mar 14, 2016 11:48pm Mar 14, 2016 11:48pm
s&p sitting on the edge again
  • #15,199
  • Mar 14, 2016 11:51pm Mar 14, 2016 11:51pm
Quoting edmun1388
M30 stochastic sleep well ... M1 cant see blue sky..
Long guy all run
* possible retrace time..
Exits == most important part of your strategy
  • #15,200
  • Mar 14, 2016 11:54pm Mar 14, 2016 11:54pm
Quoting raiders
{quote} its very strong right now. passed the trendline which is fine, i still think this is the end of the up trend for GU so im willing to eat some pips if need be. 15M, 30M, 1H, and 4H all showing its very overbought on the RSI and ready to turn over imo so far its looking great... im gonna wait for confirmation on GJ but im still looking for UJ to tank, maybe 108 is a good target?, so if this is the end of GU up and UJ tanks then this might be the end for GJ up....maybe??
So...I think we found a recent top on friday in both GU and GJ. Im looking for pullbacks to drop shorts. This should be wave 5 if my count is correct so new lows or a retest of of the low at the very least is what im looking for
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