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Dragon Riders GBP/JPY

  • #15,221
  • Mar 16, 2016 12:11am Mar 16, 2016 12:11am
Quoting PeteHFX
{quote} GJ is extremely slowly grinding upwards. At this rate 162.00 seems a world away. Maybe after FOMC or Kuroda speaking.
there is gbp news in a few hours. hopefully that sends it to a nice level to short from since i think fomc is going to be signaling a rise or perhaps a rise in june that will help tank the jpy pairs
  • #15,222
  • Mar 16, 2016 1:32am Mar 16, 2016 1:32am
Sold GBPJPY @ 160.20 with SL 160.50(Taking a small risk with 30pip SL), Lets see how it goes. However its moving too slow
  • #15,223
  • Mar 16, 2016 1:59am Mar 16, 2016 1:59am
Quoting subbusuper
Sold GBPJPY @ 160.20 with SL 160.50(Taking a small risk with 30pip SL), Lets see how it goes. However its moving too slow
woo look like you do know that support.
same entry
ya, got risk , too slow move
Exits == most important part of your strategy
  • #15,224
  • Mar 16, 2016 2:06am Mar 16, 2016 2:06am
I like longs from here. Bullish divergence on GU
  • #15,225
  • Mar 16, 2016 2:10am Mar 16, 2016 2:10am
Quoting edmun1388
{quote} woo look like you do know that support. same entry ya, got risk , too slow move
Hope this risk is worth. Atleast till the GBP news after 2.30 hours.
All the best my friend..
  • #15,226
  • Edited 3:16am Mar 16, 2016 2:54am | Edited 3:16am
Flirting with MA now, if it sustains the flirting up it should resume bull since we are also near 50% fibo.
Same could be said if it continues downwards.

My bias is up though, supported by the other yen pairs.
*Also optimistic about EUR/GBP and GBP/USD seeing pound recover/retrace for the least.
*Split my long pound trades with EG and GJ. Both positive now, SL moved to BE soon. Lets see how it goes.
*locking profits on EG and watching GJ. locked profits would cover last weeks losses
Luck shines on the positive.
  • #15,227
  • Mar 16, 2016 4:06am Mar 16, 2016 4:06am
Trades and views on FF for GBP seems to be so neutral now, gonna respect my SL on BE!
Luck shines on the positive.
  • #15,228
  • Mar 16, 2016 4:29am Mar 16, 2016 4:29am
Happens often on days before big GBP news. I'm thinking it's going north. Generally the daily move retraces quite a bit, yet every single time, before these big GBP news days, it's flat. Price was driven down hard, likely to sucker in some shorts, for the banks to move long off of.

Again, just speculation, but it might pan out.
  • #15,229
  • Mar 16, 2016 4:32am Mar 16, 2016 4:32am
news like no news... no spikes...resume normal
  • #15,230
  • Mar 16, 2016 4:32am Mar 16, 2016 4:32am
Signal.
resistance : 161.016 , 161.748 .
if price close above any one of them , LONG signal .
* for time near NOW.
GBP very strong now
Exits == most important part of your strategy
  • #15,231
  • Mar 16, 2016 4:33am Mar 16, 2016 4:33am
Quoting 4xNewGuy
Happens often on days before big GBP news. I'm thinking it's going north. Generally the daily move retraces quite a bit, yet every single time, before these big GBP news days, it's flat. Price was driven down hard, likely to sucker in some shorts, for the banks to move long off of. Again, just speculation, but it might pan out.
I kinda agree to what you say before big GBP news, and about market manipulation to bring in shorts, chase stop losses and building on longs.

But the manipulation doesn't end there, been monitoring pound moving the direction it wants to go an hour or few before a big news release, and the news reaffirms it when released. If someone doesn't know the data before release, I don't know how to even explain this.
Luck shines on the positive.
  • #15,232
  • Mar 16, 2016 4:34am Mar 16, 2016 4:34am
Bought GBPJPY @ 160.50 with SL 160.00, GBP numbers are positive. But going to hold for just 3 more hours till their Budget.
  • #15,233
  • Mar 16, 2016 4:44am Mar 16, 2016 4:44am
Quoting subbusuper
Bought GBPJPY @ 160.50 with SL 160.00, GBP numbers are positive. But going to hold for just 3 more hours till their Budget.
Bro , I already give the signal , why so rush
Exits == most important part of your strategy
  • #15,234
  • Mar 16, 2016 4:46am Mar 16, 2016 4:46am
I"m GU short but fak I forgot about the news coming. Oh well too late now.

Yeah I forgot about the news. FAK
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  • #15,235
  • Mar 16, 2016 4:53am Mar 16, 2016 4:53am
Quoting edmun1388
{quote} Bro , I already give the signal , why so rush
I just posted what i trade bro..
  • #15,236
  • Mar 16, 2016 5:07am Mar 16, 2016 5:07am
If this is edmun1388 "B Trap Ima hit someone I swear."
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  • #15,237
  • Mar 16, 2016 5:12am Mar 16, 2016 5:12am
Quoting maflip
If this is edmun1388 "B Trap Ima hit someone I swear." {image}
B for bear or b for bull lol
Luck shines on the positive.
  • #15,238
  • Mar 16, 2016 5:15am Mar 16, 2016 5:15am
Quoting YvetteTeo
{quote} B for bear or b for bull lol
B for Bull because it suckers in shorts but then it reverses and go up. But I'm still holding short. B trap is in ABC wave pattern.

I hope it's not it. For now it's a bearish flag but it can turn in to a B Trap. Thats a traders life.

If it makes a new low scratch the B trap and time for me to go yippeee
  • #15,239
  • Mar 16, 2016 5:16am Mar 16, 2016 5:16am
peace, I'm of to plane. going to holiday
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  • #15,240
  • Mar 16, 2016 5:57am Mar 16, 2016 5:57am
Signal.
resistance : 161.016 , 161.617 .
if price close above any one of them , LONG signal .
* valid within few hours only , resistance keep change every 15 to 1 hr
Exits == most important part of your strategy
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