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Dragon Riders GBP/JPY

  • #16,821
  • Apr 28, 2016 9:53am Apr 28, 2016 9:53am
Quoting Don96
{quote} I'm waiting on EJ 121.x and 122.2 for 128 min
Yeah... waiting is borring, hope they will come down, if they go stright to the targets I said before I will try to short gj above 158,9
I need the magic ball
  • #16,822
  • Apr 28, 2016 9:56am Apr 28, 2016 9:56am
Quoting raiders
lol im waiting for asia to see if UJ gives me a nice consolidation to maybe short to 106.7 if we dont make a new low in UJ im gunning for 118
Japanese banks will be closed in observance of Showa Day
Usual Effect : Low liquidity and irregular volatility
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #16,823
  • Apr 28, 2016 10:04am Apr 28, 2016 10:04am
GU id like to try and long to 1.488
  • #16,824
  • Apr 28, 2016 12:32pm Apr 28, 2016 12:32pm
Quoting Gupz
sell again when it reaches 158.4. thats my number
1st TP when it hits 157.2 (easy 120 pips) expect continued down into friday
  • #16,825
  • Apr 28, 2016 12:49pm Apr 28, 2016 12:49pm
Quoting Don96
{quote} AJ 1h looks good, h4 closes above 82.47 bullish for 86.60 (78.x still valid) GJ bullish above 156.7xx. EJ a while off atm
This may hold true, as may 157.5 closes above... depending on fib drawn this is quite close and has been good for max 140 pips so far... closes below could mean re evaluation (makes valid for 167.x
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  • #16,826
  • Apr 28, 2016 1:14pm Apr 28, 2016 1:14pm
bearish on this unstable situation , looking for 155.5 ish at least , less vol , waiting for eu/uk session tomorrow or next week,

intraday 61.8 fib stand on 159.25 ish,price is below so far and below 160 , i aim for 155.5+-

Cheers.

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #16,827
  • Apr 28, 2016 1:15pm Apr 28, 2016 1:15pm
Quoting Gupz
{quote} Agreed, but last night, before the news broke, i looked back to the initial news of -ve rates released 2 days ago. There was still no credible source for that information so it was just a rumor, market priced in the rumor which meant that if it were true then yen pairs would probably go up by no more than 150 pips (My speculation). If however there was no confirmation of -ve rates by boj (as happened last night), then we could have expected significantly more pips downwards. I think it was reasonable risk to short at 162.6X (with low leverage,...
If the odds were so much in your favor you wouldn't have hedged. There was a chance there would be no change but either direction was untradable prior to the news .Don't stress after the fact, it will ruin your mind which will ruin your accounts
  • #16,828
  • Apr 28, 2016 3:43pm Apr 28, 2016 3:43pm
GJ possible bear flag on the 30
  • #16,829
  • Apr 28, 2016 4:15pm Apr 28, 2016 4:15pm
Quoting Pip-Miner
158.5 - lets see how the beast reacts at that level, will tell us lots about the future direction
Well, got rejected again so shorted at that level.
  • #16,830
  • Apr 28, 2016 5:23pm Apr 28, 2016 5:23pm
I am not sure if anyone uses 20EMA, but if you guys do, I foresee today's Daily candle will break the 20EMA and we will be looking at the downside. Good night guys and all the best!
  • #16,831
  • Apr 28, 2016 6:54pm Apr 28, 2016 6:54pm
Quoting Gupz
{quote} 1st TP when it hits 157.2 (easy 120 pips) expect continued down into friday
157.2 hit and passed, rebound determines if to continue until 156.4 or exit at 157.2
  • #16,832
  • Apr 28, 2016 8:21pm Apr 28, 2016 8:21pm
first target achieved: 157
next target: 156, think there is a lot more downside, USDJPY broke its daily low...
  • #16,833
  • Apr 28, 2016 9:31pm Apr 28, 2016 9:31pm
Im looking at .7455-.7440 on AU if .768 rejects
  • #16,834
  • Edited 12:46am Apr 29, 2016 12:00am | Edited 12:46am
short start already.
* look like not very good momentum.
** i set stop loss at 157.32
*** if price close above 156.84 [ M1] , I will close my short take profit
Exits == most important part of your strategy
  • #16,835
  • Apr 29, 2016 12:45am Apr 29, 2016 12:45am
Quoting alexpi
PA around 157.4/5 and 156.6/8 will be key for further down moves For now short from 159 and aiming at 157.6
If the 156.8/6 is rejected I'll long
Raiders cheers for that AU tip! I was ignoring the pair since the drop the other day
  • #16,836
  • Edited 1:48am Apr 29, 2016 12:50am | Edited 1:48am
My short not yet close due M1 not close above 156.84 .
* if M1 close above 156.63 , i may close my short
** news in 2 min , close partial +75.
** they try push down from 156.46
*** 155.93 may be is their target.
Exits == most important part of your strategy
  • #16,837
  • Apr 29, 2016 1:53am Apr 29, 2016 1:53am
Quoting edmun1388
short start already. * look like not very good momentum. ** i set stop loss at 157.32 *** if price close above 156.84 [ M1] , I will close my short take profit
If you short after my call , you now already min have +60 pips .
Nite all.
Exits == most important part of your strategy
  • #16,838
  • Apr 29, 2016 2:55am Apr 29, 2016 2:55am
I'm targeting the bottom trend line on my chart at 15400
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  • #16,839
  • Apr 29, 2016 3:05am Apr 29, 2016 3:05am
closed short at 156.35
* long small lot test strategy . . long at down trend ,take own risk.
Exits == most important part of your strategy
  • #16,840
  • Apr 29, 2016 3:50am Apr 29, 2016 3:50am
UJ looks scary on the weekly 101 without BOJ intervention. Dragon should follow but on steroids.
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