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Dragon Riders GBP/JPY

  • #16,041
  • Apr 7, 2016 2:46pm Apr 7, 2016 2:46pm
Quoting Hickson
{quote} How did you get 147.50 if I may ask? Ahead of 61.8 % retracement of long term upmove?
Nailed it, sir. Weekly chart.

I actually have the exact fib at 146.937 but I always get in/out a bit ahead of those levels to play it safe.
check out my blog: forexmademillionaire dot com
  • #16,042
  • Apr 7, 2016 5:29pm Apr 7, 2016 5:29pm
Quoting Geppy
{quote} Nailed it, sir. Weekly chart. I actually have the exact fib at 146.937 but I always get in/out a bit ahead of those levels to play it safe.
Couple pips different due to feeds I'm sure.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYiWeekly.png Size: 38 KB

Looking to see if we get a bounce here for adding/reloading. Daily chart. Somewhere at/near the 50% would be nice.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYiDaily.png Size: 34 KB
Ghost Rider - WWTBMD?
  • #16,043
  • Apr 7, 2016 6:54pm Apr 7, 2016 6:54pm
Just posted this regarding chatter about BoJ intervention: https://www.patreon.com/posts/5102850
check out my blog: forexmademillionaire dot com
  • #16,044
  • Apr 7, 2016 7:20pm Apr 7, 2016 7:20pm
Apart from the fact that 152 was a launch place in Sept 2013, I find it slightly interesting that Nov 2012 it broke out of its bullish long term triangle and retested at 125.7.

195 ~125.7 has its 61.8 retracement at 152

At least good for a bounce/consolidation
  • #16,045
  • Edited 8:31pm Apr 7, 2016 8:15pm | Edited 8:31pm
this upmove to 153 is New York afterhours club.......familiar with those money hungry fellas

good trading interest in asia.....154 is an unsquared thang.....
  • #16,046
  • Apr 7, 2016 8:16pm Apr 7, 2016 8:16pm
looks like some profit taking occurring currently, I can see some bullish eyes light up be careful..
  • #16,047
  • Apr 7, 2016 8:19pm Apr 7, 2016 8:19pm
Quoting Pip-Miner
looks like some profit taking occurring currently, I can see some bullish eyes light up be careful..
That's why they call her the widow maker... Watch out, she's brewing something up.
Follow me at andrewfx2020 (dot) com
  • #16,048
  • Apr 7, 2016 8:36pm Apr 7, 2016 8:36pm
ya reckon a totally awesome display of forex horsepower.......he.....he
  • #16,049
  • Apr 7, 2016 8:43pm Apr 7, 2016 8:43pm
Quoting Pip-Miner
looks like some profit taking occurring currently, I can see some bullish eyes light up be careful..
H4 tell LONG ..
Exits == most important part of your strategy
  • #16,050
  • Apr 7, 2016 9:06pm Apr 7, 2016 9:06pm
I'm scared of GBP/JPY right now.
  • #16,051
  • Apr 7, 2016 10:00pm Apr 7, 2016 10:00pm
Quoting albchr
{quote} Looking to see if we get a bounce here for adding/reloading.{image}
Was rather hoping for a tad more enthusiasm during Asian session but she seems Perhaps she'll get spunky for London again.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 29 KB
Ghost Rider - WWTBMD?
  • #16,052
  • Apr 7, 2016 10:00pm Apr 7, 2016 10:00pm
Cool, Kyran....smart of ya....welcome
  • #16,053
  • Apr 8, 2016 12:07am Apr 8, 2016 12:07am
Seems like a lot of people jumping on the long train. I love it.
check out my blog: forexmademillionaire dot com
  • #16,054
  • Apr 8, 2016 12:14am Apr 8, 2016 12:14am
Waiting for an opportunity to short.

I'm looking at GBPJPY and CADJPY right now. It seems CADJPY may have a cleaner move for a short since there is only one trendline resistance to worry about. for GBP JPY it needs to clear two.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #16,055
  • Apr 8, 2016 12:35am Apr 8, 2016 12:35am
Media stating after the fact about a GU breakdown and a possible more down move.

http://www.forexfactory.com/news.php?do=news&id=586216

Seen it so many times it usually does the opposite.

Let's see what happens later.

"Trade what you see"
  • #16,056
  • Apr 8, 2016 12:44am Apr 8, 2016 12:44am
Quoting maflip
Waiting for an opportunity to short. I'm looking at GBPJPY and CADJPY right now. It seems CADJPY may have a cleaner move for a short since there is only one trendline resistance to worry about. for GBP JPY it needs to clear two. {image}
unless you get a good price from a rip id sit and wait for the news to give you a ride.
  • #16,057
  • Apr 8, 2016 12:45am Apr 8, 2016 12:45am
Quoting raiders
{quote} unless you get a good price from a rip id sit and wait for the news to give you a ride.
Which news?
  • #16,058
  • Apr 8, 2016 12:54am Apr 8, 2016 12:54am
Quoting maflip
{quote} Which news?
1:30amGBPManufacturing Production m/m
  • #16,059
  • Apr 8, 2016 1:05am Apr 8, 2016 1:05am
Quoting raiders
{quote} 1:30amGBPManufacturing Production m/m
Oh that yeah 2 and half more hours.
  • #16,060
  • Apr 8, 2016 1:08am Apr 8, 2016 1:08am
Quoting Geppy
Just posted this regarding chatter about BoJ intervention: https://www.patreon.com/posts/5102850
thanks for sharing and yea... thats why i didnt believe ZH post about that small pop (less than 100 pip) from 109.7x being BOJ intervention. there's no way intervention would be so little pips should be a few hundred pips at least which will give good re entry lol. Also, v interesting u and alb mentioned 147.x have possible wave (weekly) ending around there tho hard to see it hitting directly without RT but who knows? Damn, shld have looked at weekly charts

Quoting maflip
Media stating after the fact about a GU breakdown and a possible more down move. http://www.forexfactory.com/news.php?do=news&id=586216 Seen it so many times it usually does the opposite. Let's see what happens later. "Trade what you see"
Agree with you and v interesting those 2 trendlines developed. Jus gonna watch. Agree I got out of GJ shorts too early... But had too many xxxjpy shorts. Still have UJ short jus thinking if it will hit TP below 107
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