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Dragon Riders GBP/JPY

  • #16,921
  • May 3, 2016 10:05am May 3, 2016 10:05am
Quoting raiders
{quote} 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 {image}
Nice breakout.
  • #16,922
  • May 3, 2016 10:10am May 3, 2016 10:10am
Quoting maflip
{quote} Nice breakout.
yea man...im so excited for the possibilities
  • #16,923
  • May 3, 2016 10:34am May 3, 2016 10:34am
Looking at daily chart sold a small lot @ 154.55 with SL 155.55(100Pips). Planning to hold till weekend, Manufacturing PMI data may take it to SL but taking a small risk. Done for the day, going to have few pegs of Whisky as usual, Happy trading friends...
  • #16,924
  • May 3, 2016 10:41am May 3, 2016 10:41am
The pullback in GU was clear as day. Just a matter of time. Now this move is the real question IMO. Yea there was contraction in manufacturing pmi for the UK but they have a services based economy so im not sure this down move will last. Until 1.435 goes im looking for a buy opportunity on a dip. I think the GU still has more up to go
  • #16,925
  • May 3, 2016 12:30pm May 3, 2016 12:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 63 KB
  • #16,926
  • May 3, 2016 1:05pm May 3, 2016 1:05pm
"BoJ Gov Kuroda says will take additional easing steps if necessary. Japan Fin Min Aso says Japan worried of intensification of JPY moves"

Tight SLs if you're shorting. These dudes see the writing on the wall
  • #16,927
  • May 3, 2016 1:11pm May 3, 2016 1:11pm
Still in a sell since yesterday at 155.911. Currently 125 pips in profit. Is anyone interested in creating a similar thread for other pairs?

I don't understand why GBPJPY is the popular one with the most activity. For example, why not a CADJPY thread, etc.? Here's a CADJPY currently 111 pips in profit.

Let's get active with other pairs like EURCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 41 KB
  • #16,928
  • May 3, 2016 2:53pm May 3, 2016 2:53pm
Quoting ohyeah
Still in a sell since yesterday at 155.911. Currently 125 pips in profit. Is anyone interested in creating a similar thread for other pairs? I don't understand why GBPJPY is the popular one with the most activity. For example, why not a CADJPY thread, etc.? Here's a CADJPY currently 111 pips in profit. Let's get active with other pairs like EURCHF. {image}
EUR, USD, CAD are always news dependent, where as GBP and JPY is the most volatile pair with less news relevant and more technical relevant. Many traders including me, raiders, geppy, maflip and many others are trading this pair from years and making consistent profit so we people are more active in this thread, i guess there are many threads where many traders are discussing almost all major pairs. To be frank you can't compare CADJPY with GJ because CJ is volatile without a trend normally. Happy trading brother..
  • #16,929
  • May 3, 2016 2:58pm May 3, 2016 2:58pm
Quoting subbusuper
EUR, USD, CAD are always news dependent, where as GBP and JPY is the most volatile pair with less news relevant and more technical relevant. Many traders including me, raiders, geppy, maflip and many others are trading this pair from years and making consistent profit so we people are more active in this thread, i guess there are many threads where many traders are discussing almost all major pairs. To be frank you can't compare CADJPY with GJ because CJ is volatile without a trend normally. Happy trading brother..
Thanks about letting me know what you think. I'm OK trading whatever pair, I'm just trying to pick a pair where people are active with it on forum so that it can be discussed, etc. I guess it'll be GBPJPY for now...
  • #16,930
  • May 3, 2016 3:34pm May 3, 2016 3:34pm
I'll be eying a long at 153.100.
  • #16,931
  • Edited 4:02pm May 3, 2016 3:49pm | Edited 4:02pm
EJ about 10 pips away from that top trendline of the triangle...

so far its lovely

121.2 first level im looking at and then 118 if it gets funky and kuroda plays nice
  • #16,932
  • May 3, 2016 4:39pm May 3, 2016 4:39pm
hahaha broke the other way. Looks like it's a buy
  • #16,933
  • May 3, 2016 4:44pm May 3, 2016 4:44pm
What the hell just happened to yen....
  • #16,934
  • May 3, 2016 4:54pm May 3, 2016 4:54pm
Quoting Robertk
What the hell just happened to yen....
Robertk, I don't trade this way but my guess is an ABC correction at the end of the 5 wave sequence on H1 which might give you an initial target at 160.500 at the breakout of 157.100 or so. That is if you trade this way, like I said, I don't trade this way so I'm not an expert on it. Maybe GBPJPY is a really technical pair and not so much a news pair?
  • #16,935
  • May 3, 2016 4:59pm May 3, 2016 4:59pm
Quoting ohyeah
{quote} Robertk, I don't trade this way but my guess is an ABC correction at the end of the 5 wave sequence on H1 which might give you an initial target at 160.500 at the breakout of 157.100 or so. That is if you trade this way, like I said, I don't trade this way so I'm not an expert on it. Maybe GBPJPY is a really technical pair and not so much a news pair?
Thanks for your thoughts on it but this definitely has a different cause. It moved 3/4 of its daily ADR within seconds, without news. Talking about a fat finger somewhere...
  • #16,936
  • May 3, 2016 5:03pm May 3, 2016 5:03pm
Quoting raiders
hahaha broke the other way. Looks like it's a buy
lol, it miss my sell limit by 15 pips :C,
would be +100 now, 20 mins later :3
  • #16,937
  • May 3, 2016 5:14pm May 3, 2016 5:14pm
Quoting Robertk
{quote} Thanks for your thoughts on it but this definitely has a different cause. It moved 3/4 of its daily ADR within seconds, without news. Talking about a fat finger somewhere...
Yeah that's what I was essentially saying too. In other words, it could have moved due to technical reasons instead of news reasons.
  • #16,938
  • May 3, 2016 5:28pm May 3, 2016 5:28pm
no liquidity at this time of the day plus Japanese holiday. some big shot prob took profits and it ran through stops or something.
  • #16,939
  • May 3, 2016 5:43pm May 3, 2016 5:43pm
booked all my short profits both usdjpy and gbpjpy since last week short entires ..I'm not scared of BoJ they won't do nothing until usdjpy 100 imo.
Lots people this forum thought this will go up since Monday, like I said early week, once usdjpy stays above 106.90 will look at longs.
  • #16,940
  • May 3, 2016 6:12pm May 3, 2016 6:12pm
Quoting raiders
no liquidity at this time of the day plus Japanese holiday. some big shot prob took profits and it ran through stops or something.
Ah, good to know. I didn't realize it was a Japanese holiday. Personally, I'm going to buy at around 155.121 or so.
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