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Dragon Riders GBP/JPY

  • #15,961
  • Apr 5, 2016 3:05pm Apr 5, 2016 3:05pm
USD/JPY weekly:
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Fix up, trade sharp ...
  • #15,962
  • Apr 5, 2016 9:22pm Apr 5, 2016 9:22pm
Time to long.
Exits == most important part of your strategy
  • #15,963
  • Apr 5, 2016 9:51pm Apr 5, 2016 9:51pm
what do you think guys about the opportunity to buy and wait until 190? it looks rather interesting
  • #15,964
  • Edited 10:25pm Apr 5, 2016 10:14pm | Edited 10:25pm
Quoting eugenyk
what do you think guys about the opportunity to buy and wait until 190? it looks rather interesting
IMO for price action. For short term maybe for longer term I don't think so. This move doesn't look like a Wave 5 but it could even be a new Wave 3 or a new Wave 1. The move down is too strong. So be careful. Besides the Head and Shoulders pattern that is confirmed now have a target to retest the 154.70 area. But fundamentals if you ask other people they are so worried about BOJ intervention they are so scared about shorting this now. So there you have it pick your side.
  • #15,965
  • Apr 5, 2016 11:18pm Apr 5, 2016 11:18pm
If Kuroda doesn't intervene UJ goes down and GJ goes down much even lower.

So everyone is now waiting expecting the Messiah to do something

So lots of people right now betting on Kuroda will do something.
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  • #15,966
  • Apr 6, 2016 12:28am Apr 6, 2016 12:28am
Hi there,
If Jap central bank is to intervene, I reckon the up coming FOMC is an opportune time for them to kill off speculative force and push down JPY. Big news events are usually quite illiquid and speculators will not dare to fight the central bank.
When in doubt, HEDGE
  • #15,967
  • Edited 3:09am Apr 6, 2016 2:49am | Edited 3:09am
Retesting the break if not... Slight retracement up?

So quiet in here we need Asgcorp to make some enlightenment. Oh Asgcorp?!

*edit enlightenment
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  • #15,968
  • Apr 6, 2016 2:52am Apr 6, 2016 2:52am
Ahah there he is

But seriously I appreciate your commentary Asgcorp
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  • #15,969
  • Edited 3:57am Apr 6, 2016 2:56am | Edited 3:57am
Quoting maflip
Ahah there he is But seriously I appreciate your commentary Asgcorp {image}
I even subscribed bro
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  • #15,970
  • Apr 6, 2016 3:25am Apr 6, 2016 3:25am
I took a +20 quickie trade. No trailing i'm all out flat trend MIGHT be nearing it's end for now. Gonna wait again during US session. Anyone else?

But if it keeps going down and I'm not in oh well sucks for me for not trailing.
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  • #15,971
  • Apr 6, 2016 4:51am Apr 6, 2016 4:51am
Quoting edmun1388
Time to long.
Hello bro, it rose a bit after 155.7x yesterday. Hope you made some pips

Quoting maflip
I took a +20 quickie trade. No trailing i'm all out flat trend MIGHT be nearing it's end for now. Gonna wait again during US session. Anyone else? But if it keeps going down and I'm not in oh well sucks for me for not trailing. {image}
Idk if the bear trend has ended. But I have closed shorts from 162.2 already, and am trying a small CTT (counter trend) long 155.55 (nice number, i know). Just seems UJ 110 is hard to crack for now, as noted by other members here. And GU was at support around 1.41 so decided to risk a small trade.

Stay green, all
  • #15,972
  • Apr 6, 2016 5:00am Apr 6, 2016 5:00am
Quoting MaryAnne
{quote} Hello bro, it rose a bit after 155.7x yesterday. Hope you made some pips {quote} Idk if the bear trend has ended. But I have closed shorts from 162.2 already, and am trying a small CTT (counter trend) long 155.55 (nice number, i know). Just seems UJ 110 is hard to crack for now, as noted by other members here. And GU was at support around 1.41 so decided to risk a small trade. Stay green, all
No no the bear trend still has not ended. I may have used the wrong words, just saying we might retrace a little then a follow thru later. I could be wrong. Thing is UJ is flat while GJ/GU is going down so something might be up.
  • #15,973
  • Apr 6, 2016 5:16am Apr 6, 2016 5:16am
Maybe something will happen later at the US session. But I'm definitely watching UJ now. Recognize that pattern?

But I will still not go long GJ at this time it's a gamble right now.
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  • #15,974
  • Apr 6, 2016 5:27am Apr 6, 2016 5:27am
Oh?

"Japan LDP’s Tachibana: Economy Can ‘Tolerate’ Yen While Over 100 Vs USD - Says Japan Should Refrain From FX Intervention For Now – BBG"

So they are saying let the downward party continue? But but but everyone is expecting a BOJ intervention. What about the UJ longs?

Anyway, trade what you see.
  • #15,975
  • Apr 6, 2016 6:52am Apr 6, 2016 6:52am
Quoting maflip
I took a +20 quickie trade. No trailing i'm all out flat trend MIGHT be nearing it's end for now. Gonna wait again during US session. Anyone else? But if it keeps going down and I'm not in oh well sucks for me for not trailing. {image}
Crap I should have held on to my short at least trailed the half. Why did I have to listen to UJ flat not moving. I would have been almost up +100 pips now.

I need some beating somebody please do it.
  • #15,976
  • Apr 6, 2016 7:28am Apr 6, 2016 7:28am
Quoting maflip
{quote} Crap I should have held on to my short at least trailed the half. Why did I have to listen to UJ flat not moving. I would have been almost up +100 pips now. I need some beating somebody please do it.
USD/JPY is hanging tight because there's a big barrier option at 110.00 that's being defended. Once that expires, look out below!

Regardless, I don't know how anyone let's go of a short position in GBP/JPY the last few days. We've been waiting for this drop for nearly two weeks.

It's just getting started, my friend
check out my blog: forexmademillionaire dot com
  • #15,977
  • Apr 6, 2016 7:29am Apr 6, 2016 7:29am
Quoting Geppy
{quote} USD/JPY is hanging tight because there's a big barrier option at 110.00 that's being defended. Once that expires, look out below! Regardless, I don't know how anyone let's go of a short position in GBP/JPY the last few days. We've been waiting for this drop for nearly two weeks. It's just getting started, my friend
Thanks Geppy now give me a beating I deserve it.

I'm an intraday swing trader bro I never hold overnight. But I still need a beating I would have taken 100 pips today.
  • #15,978
  • Apr 6, 2016 7:35am Apr 6, 2016 7:35am
Quoting maflip
{quote} Thanks Geppy now give me a beating I deserve it. I'm an intraday swing trader bro I never hold overnight. But I still need a beating I would have taken 100 pips today.
Yep, I know your style is intraday.

I'm multi-day swing trader... sometimes multi-week. Sitting on 600+ pips profit on this one trade now and expecting at least another 600
check out my blog: forexmademillionaire dot com
  • #15,979
  • Apr 6, 2016 7:36am Apr 6, 2016 7:36am
Quoting Geppy
{quote} Yep, I know your style is intraday. I'm multi-day swing trader... sometimes multi-week. Sitting on 600+ pips profit on this one trade now and expecting at least another 600
  • #15,980
  • Edited 8:23am Apr 6, 2016 7:37am | Edited 8:23am
UJ Decision soon?

They better!
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