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Dragon Riders GBP/JPY

  • #16,901
  • May 3, 2016 1:34am May 3, 2016 1:34am
Gold is going up boss hah hah hah. What now what now?!?!

Gold chart below. What now what now??!?!?!
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  • #16,902
  • May 3, 2016 1:35am May 3, 2016 1:35am
Quoting maflip
Hitting a weak M5 Trend line... Will it hold? {image}
Ah, trend lines... Okay my 'guess' is it will hold since I'm still at a sell
  • #16,903
  • May 3, 2016 1:35am May 3, 2016 1:35am
Quoting Gbp/jpy
every man for himself....bail out....bail out.....he he
  • #16,904
  • May 3, 2016 1:40am May 3, 2016 1:40am
Quoting maflip
Gold is going up boss hah hah hah. What now what now?!?! Gold chart below. What now what now??!?!?! {image}
So you're saying iif XAUUSD is going up then GBPJPY is supposed to go down? As in, they're negatively associated?
  • #16,905
  • May 3, 2016 1:42am May 3, 2016 1:42am
Be carefull guys, if ej is stable and don't go much under 122 we might see a trend chance, not clear yet
I need the magic ball
  • #16,906
  • May 3, 2016 2:59am May 3, 2016 2:59am
Quoting ohyeah
{quote} So you're saying iif XAUUSD is going up then GBPJPY is supposed to go down? As in, they're negatively associated?
I didn't say it GBPJPY the dude did. ( http://www.forexfactory.com/member.php?u=54727 ) He trades GJ like that I guess. But there is some truth to it. As XAUUSD go up GJ is having a hard time breaking above resistance at the moment. But for myself I don't confirm GJ trades with gold. But he does.
  • #16,907
  • Edited 3:41am May 3, 2016 3:18am | Edited 3:41am
so....gu in the zone....pmi coming soon...if weak you think usd has enough power in it to actually move the pair?


edit...thats a really bad number
  • #16,908
  • May 3, 2016 4:20am May 3, 2016 4:20am
what ya think now.......took that to the bank.....we printed 156.07.....so I was off one pip with my line in the sand ...two hours earlier.....i'll get better
Quoting maflip
Gold is going up boss hah hah hah. What now what now?!?! Gold chart below. What now what now??!?!?! {image}
  • #16,909
  • May 3, 2016 4:23am May 3, 2016 4:23am
UC looking to break ending diagonal.....oil down.... maybe 1.266?
  • #16,910
  • Edited 4:43am May 3, 2016 4:27am | Edited 4:43am
nope....I don't trade the pair by watching gold....if ya watch gold one has to monitor silver beside it......more like Japanese govt bonds and the Nikkei....coupled with a simple wristwatch
that 156.08 I pulled outta the hat was luck....printing 156.07....I miss by one pip all the time...just luck and my London Alarm Clock trade.....I tell all my secrets to ff....

that's how ya know I like ya....
  • #16,911
  • May 3, 2016 4:35am May 3, 2016 4:35am
Oh this....put a 333 on a 15M.....have ya a looky at what I watch
notice the 34,3,3 slo sto reversing at 70.....
  • #16,912
  • May 3, 2016 7:33am May 3, 2016 7:33am
U/J:

108.20
107.86
106.82
106.30/15
105.55
105.25

Watch G/J when those prices gets printed.

Anway, this week we got alot of 'lack of liquidity'. Depending on market behaviour I'd consider a trade-off or less trading and respectively lower size.
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  • #16,913
  • May 3, 2016 7:41am May 3, 2016 7:41am
Quoting Don96
{quote} AJ 1h looks good(78.x still valid)
78.0x is in, 77.6x is normal, 200 above atm
  • #16,914
  • May 3, 2016 8:46am May 3, 2016 8:46am
thanks for that FXRay,...I had no idea...
  • #16,915
  • May 3, 2016 9:27am May 3, 2016 9:27am
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  • #16,916
  • May 3, 2016 9:31am May 3, 2016 9:31am
Quoting FX-Ray
U/J: 108.20 107.86 106.82 106.30/15 105.55 105.25 Watch G/J when those prices gets printed. Anway, this week we got alot of 'lack of liquidity'. Depending on market behaviour I'd consider a trade-off or less trading and respectively lower size. {image}
Many thanks!!

1.4520-1.4500 is what im looking at in GU. Does that match up with you?
  • #16,917
  • May 3, 2016 9:31am May 3, 2016 9:31am
Quoting raiders
{image}
EU

Not a GJ but since you posted AU might as well...

Correctional wave here we come.

That and experts are now yapping for more USD Weakness means the up trend is over for now

" currency experts told CNBC the USD currency's decline had further to run." yeah yeah the experts.
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  • #16,918
  • May 3, 2016 9:38am May 3, 2016 9:38am
Quoting maflip
{quote} EU Correctional wave here we come. That and experts are now yapping for more USD Weakness means the up trend is over for now " currency experts told CNBC the currency's decline had further to run." yeah yeah the experts. {image}
the drop in EU has a good chance to be legit. It also has the chance to just be correctional. if 1.13 goes its all over for EU. Parity
  • #16,919
  • May 3, 2016 9:42am May 3, 2016 9:42am
Quoting raiders
{quote} the drop in EU has a good chance to be legit. It also has the chance to just be correctional. if 1.13 goes its all over for EU. Parity
Just to be on the safe side. I'm not looking to be greedy. Taking some at the 38% retrace and 50% retrace. The second trendline is still way down there. So at this time it's got a good chance of hitting.
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  • #16,920
  • May 3, 2016 9:52am May 3, 2016 9:52am
Quoting maflip
{quote} Just to be on the safe side. I'm not looking to be greedy. Taking some at the 38% retrace and 50% retrace. The second trendline is still way down there. So at this time it's got a good chance of hitting. {image}
No doubt!! Thats a great plan. Last night was a huge night. So many consolidations broken.

Heres another one of my favorites.

UC with oil overlaid. black and white bars are UC the orange is USOil. looking like what could be H&S on oil and wave 1 of 5 in UC. IF that does play out as a H&S in oil and the recent low does in fact prove to be the bottom.....oh my
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