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Dragon Riders GBP/JPY

  • #16,661
  • Apr 25, 2016 4:13am Apr 25, 2016 4:13am
Quoting Mpt
{quote} Had a few things to catch up on. Wont be around a lot, but always interested in these sort of times. Be good.
Agreed and same here. You as well.
Ghost Rider - WWTBMD?
  • #16,662
  • Apr 25, 2016 5:43am Apr 25, 2016 5:43am
Quoting alexpi
Hey raiders, check out AU as well, short positions seem to be building and 0.764 is an easy target For GJ, if 4H closes in the current range (160.6-160.8) longing will be a good option, with 161.5/6 as a first target and then 163/2.9, 164.3/4
Aand after this
http://www.forexfactory.com/news.php?do=news&id=588442

Back to uncertainty and no trading
  • #16,663
  • Apr 25, 2016 5:47am Apr 25, 2016 5:47am
U/J:

111.88 - long TP
111.35 - current resistance
111.05 - current support
110.64 - short TP
  • #16,664
  • Apr 25, 2016 5:49am Apr 25, 2016 5:49am
Quoting FX-Ray
U/J: 111.88 - long TP 111.35 - current resistance 111.05 - current support 110.64 - short TP
Hey Ray, good to see you
  • #16,665
  • Apr 25, 2016 6:15am Apr 25, 2016 6:15am
Quoting alexpi
{quote} Hey Ray, good to see you
Ditto Like to share your view on G/J; U/J; etc?

Anyway it's italian & australian bank holiday, probably not doing alot today because of lack of liquidity
Inserted Video
  • #16,666
  • Apr 25, 2016 6:28am Apr 25, 2016 6:28am
I posted a YEN related question for anyone knowlegeable who can provide a succinct (factual, non speculative) answer.
Much appreciated!
http://www.forexfactory.com/news.php...94#post8891072
  • #16,667
  • Apr 25, 2016 6:30am Apr 25, 2016 6:30am
Quoting FX-Ray
{quote} Ditto Like to share your view on G/J; U/J; etc? Anyway it's italian & australian bank holiday, probably not doing alot today because of lack of liquidity https://www.youtube.com/watch?v=64qChv57cvg
This was what I was looking for earlier today

"For GJ, if 4H closes in the current range (160.6-160.8) longing will be a good option, with 161.5/6 as a first target and then 163/2.9, 164.3/4"

I was thinking 162.9/163 can happen by the end of the week, with 164.3/4 an option if they go negative rates.

With the most recent announcement by the Abe advisor it sounds as if they could backtrack on their communication from the past month and postpone any big decisions.

Now I have no idea how to trade GJ for now, just gonna wait another week probably...
  • #16,668
  • Apr 25, 2016 6:39am Apr 25, 2016 6:39am
Quoting alexpi
{quote} This was what I was looking for earlier today "For GJ, if 4H closes in the current range (160.6-160.8) longing will be a good option, with 161.5/6 as a first target and then 163/2.9, 164.3/4" I was thinking 162.9/163 can happen by the end of the week, with 164.3/4 an option if they go negative rates. With the most recent announcement by the Abe advisor it sounds as if they could backtrack on their communication from the past month and postpone any big decisions. With this in mind I have no idea how to trade GJ for now, just gonna wait...
Maybe that helps:

162.60
161.75
161.35
160.88
160.00
158.75

Anyway in doubt, always best decision is waiting (add: my personal holy grail ). Market gonna be there 2morrow

Add(2): U/J just rejected 111.05 at the fourth retest. G/J reacted accordingly.
  • #16,669
  • Apr 25, 2016 6:46am Apr 25, 2016 6:46am
Yes, personally I've also found that waiting one of the best things we can do as traders. Especially when the market and the ego have different opinions on the direction of price
  • #16,670
  • Apr 25, 2016 6:50am Apr 25, 2016 6:50am
Quoting alexpi
Yes, personally I've also found that waiting one of the best things we can do as traders. Especially when the market and the ego have different opinions on the direction of price
Indeed, sometimes not worth the effort
  • #16,671
  • Apr 25, 2016 7:03am Apr 25, 2016 7:03am
Quoting FX-Ray
{quote} Anyway in doubt, always best decision is waiting (add: my personal holy grail ). Market gonna be there 2morrow
this is actually very solid advice.
  • #16,672
  • Apr 25, 2016 7:18am Apr 25, 2016 7:18am
Quoting AdelPC
{quote} I suspect pound will reach 1.4514 in current move up. USDJPY will not give up 110.00 in a hurry either.
Sh*t happened. GBPUSD hit 1.4519. I afraid it is going higher. The dragon will not fall unless GBP drops.
When in doubt, HEDGE
  • #16,673
  • Apr 25, 2016 7:18am Apr 25, 2016 7:18am
man i suck at waiting
  • #16,674
  • Apr 25, 2016 7:22am Apr 25, 2016 7:22am
Quoting AdelPC
{quote} Sh*t happened. GBPUSD hit 1.4519. I afraid it is going higher. The dragon will not fall unless GBP drops.
Well I expected UJ to drop since Goldman wants us to go long. Just need the chart to confirm it. Now down it did go. See my post #16639

http://www.forexfactory.com/showthre...73#post8890873

The Pied Piper strikes again.

Might retest 50% retrace around the 110.50'sh area...
  • #16,675
  • Apr 25, 2016 7:24am Apr 25, 2016 7:24am
Quoting albchr
{quote} LOL ... I know I'm not much buddy but I've been your friend. .... (friendly?) Took partial on that 161.700 short at 160.344. Slow Monday. So far from London open just the dollar being pushed around a bit. GBP and YEN pretty still atm. {image}
It's all good! Well done, this is really going to be interesting. No Brexit and what can stop pound? On the other hand, if big fears return before the vote and after the sell frenzy is probably on.
Fix up, trade sharp ...
  • #16,676
  • Apr 25, 2016 7:27am Apr 25, 2016 7:27am
Quoting Don96
{quote} ​did you long? just had another test of pivot zone :0, shot down quite quickly though :/
I just checked if I did because I was busy with other stuff ... obviously I did not
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Fix up, trade sharp ...
  • #16,677
  • Apr 25, 2016 7:33am Apr 25, 2016 7:33am
Quoting maflip
{quote} Well I expected UJ to drop since Goldman wants us to go long. Just need the chart to confirm it. Now down it did go. See my post #16639 http://www.forexfactory.com/showthre...73#post8890873 The Pied Piper strikes again. Might retest 50% retrace around the 110.50'sh area...
Still think GBPUSD is going higher... even if UJ drops.
When in doubt, HEDGE
  • #16,678
  • Apr 25, 2016 7:37am Apr 25, 2016 7:37am
Quoting AdelPC
{quote} Still think GBPUSD is going higher... even if UJ drops.
They usually move the opposite direction so most likely that is the scenario. It's just when GU UJ moves the same direction then it means GJ is on steroids.
  • #16,679
  • Apr 25, 2016 7:47am Apr 25, 2016 7:47am
Quoting Hickson
{quote} I just checked if I did because I was busy with other stuff ... obviously I did not {image}
Lmao, i lost a few shorting from 1.448.. didn't look good enough tbh but after GJ this morning i thought id give it a bash
  • #16,680
  • Edited 8:17am Apr 25, 2016 8:06am | Edited 8:17am


Comments? Hopefully something happens before I go to dinner in an hour.
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