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Dragon Riders GBP/JPY

  • #16,401
  • Edited 10:43am Apr 18, 2016 10:31am | Edited 10:43am
Quoting alexpi
If we see 156.1/2 today or tomorrow I will consider a short, as long as it rejects that level Add: Love this one {image}
156.6 is the 1st area im looking for a short and even that might be premature.
had to adjust for the extra 20 pip drop. would not mind seeing perhaps a triangle consolidation here or even a high base

add...if so id love to grab a short term ride out of it.
  • #16,402
  • Apr 18, 2016 10:56am Apr 18, 2016 10:56am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 72 KB
  • #16,403
  • Apr 18, 2016 10:57am Apr 18, 2016 10:57am
if that green line going back to 12/6 doesnt hold price again shorts are in trouble
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 146 KB
  • #16,404
  • Apr 18, 2016 11:01am Apr 18, 2016 11:01am
Quoting alexpi
If we see 156.1/2 today or tomorrow I will consider a short, as long as it rejects that level Add: Love this one {image}
good one saved this.

price moving fast now. This one is going to nail it on the way down imo.

Attached Image
  • #16,405
  • Apr 18, 2016 11:01am Apr 18, 2016 11:01am
Quoting Mpt
{image}
nice chart
  • #16,406
  • Apr 18, 2016 11:02am Apr 18, 2016 11:02am
Crazy day for PA today, gang. If you aren't in a profitable trade already I'd let the dust settle before trying to do anything.
check out my blog: forexmademillionaire dot com
  • #16,407
  • Apr 18, 2016 11:17am Apr 18, 2016 11:17am
Quoting Mpt
{image}
I had changed my short target recently to 144ish but you are 100% right. This recent low falls into the turning area and theres a good possibility this thing might have turned already. I guess the break of the channel is what might just confirm it. You got a possible target zone yet?
  • #16,408
  • Apr 18, 2016 11:33am Apr 18, 2016 11:33am
Was there any catalyst for this YEN move across the board, or just post weekend (US waking up) positioning?
  • #16,409
  • Apr 18, 2016 11:39am Apr 18, 2016 11:39am
Quoting socrateez
Was there any catalyst for this YEN move across the board, or just post weekend (US waking up) positioning?
the gap or the rocket up move?
  • #16,410
  • Edited 12:25pm Apr 18, 2016 12:22pm | Edited 12:25pm
Topped out at 155.70, hopefully...

GBPJPY -- MN1==SELL; W1==SELL; H1==BUY
USDJPY -- W1==SELL; M5=SELL
GBPUSD -- H1==BUY
When in doubt, HEDGE
  • #16,411
  • Apr 18, 2016 12:25pm Apr 18, 2016 12:25pm
Quoting Geppy
Crazy day for PA today, gang. If you aren't in a profitable trade already I'd let the dust settle before trying to do anything.
Was too lazy for Geppy ... just saw EUR/AUD short for 120 pips and running and decided to just sit now
Fix up, trade sharp ...
  • #16,412
  • Apr 18, 2016 12:41pm Apr 18, 2016 12:41pm
missed by 6 or so for a chance at new high :0
Attached Image
  • #16,413
  • Apr 18, 2016 2:33pm Apr 18, 2016 2:33pm
Quoting raiders
{quote} the gap or the rocket up move?
the rocket move up.
  • #16,414
  • Apr 18, 2016 2:48pm Apr 18, 2016 2:48pm
Quoting socrateez
{quote} the rocket move up.
imo its a simple correction man. move was probably exaggerated by all the people caught short and closing out positions. but if you look a few pages back youll see everyone is still looking for a higher level to short from. Hell i was looking for longs in the area and the only reason i didnt get long was because of the crazy opening.
  • #16,415
  • Apr 18, 2016 2:52pm Apr 18, 2016 2:52pm
Quoting raiders
EU...maybe?? Theres a rising trendline there that I removed but its sitting very close to it much like AU Would match up with both strong AU and weak UJ to start the week. BUT....would also mean that we should all be on the lookout for stronger USD towards the middle to later half of the week if not sooner {image}
update....looking for either E to short from or a break of the pattern. good potential here for 300 plus pips. Hoping to ride it down to the rising blue line. lets see if the market agrees
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 102 KB
  • #16,416
  • Apr 18, 2016 4:39pm Apr 18, 2016 4:39pm
Oh, man....you deserve better....so anytime ya see .51 hold jump it for a long....
Quoting Don96
missed by 6 or so for a chance at new high :0 {image}
  • #16,417
  • Apr 18, 2016 5:30pm Apr 18, 2016 5:30pm
this looks like a mad Monday price action( ignored)both gu,gy squaring up consolidating . To me next major move is down for both .
  • #16,418
  • Apr 18, 2016 7:18pm Apr 18, 2016 7:18pm
jpy looking very weak this morning, new high, sidelines for now.
  • #16,419
  • Apr 18, 2016 7:42pm Apr 18, 2016 7:42pm
Quoting AdelPC
Topped out at 155.70, hopefully... GBPJPY -- MN1==SELL; W1==SELL; H1==BUY USDJPY -- W1==SELL; M5=SELL GBPUSD -- H1==BUY
Looking worse for shorts... The beast losing its weekly bear trend W1=SELL
GBPJPY -- MN1==SELL;
USDJPY -- Nothing
GBPUSD -- H4==BUY; H1==BUY
When in doubt, HEDGE
  • #16,420
  • Apr 18, 2016 8:55pm Apr 18, 2016 8:55pm
This is what id like to see play out. Obviously dont know if it will but if it does its what makes the most sense to me. Also could be some major pips in there if someone wants to try and bang that range out.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 121 KB
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