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Dragon Riders GBP/JPY

  • #16,941
  • May 3, 2016 6:21pm May 3, 2016 6:21pm
Quoting raiders
{quote} Many thanks!! 1.4520-1.4500 is what im looking at in GU. Does that match up with you?
It does, spot on
(sry late response)
  • #16,942
  • May 3, 2016 6:39pm May 3, 2016 6:39pm
I'm in a buy now with GBPJPY. The NZDJPY looks pretty much the same so I might get in on a buy on NZDJPY also at around 73.765 or so.
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  • #16,943
  • May 3, 2016 6:40pm May 3, 2016 6:40pm
I agree...in the old days there weren't enough capable tech guys.......you guys post like seasoned pro's....all of ya....hey, in the old days oanda and fxcm had big busy forums.......I was REX, logicalley and MATHALLEY......in my forex fight club thread.......those persons fought each other from their own frame of reference.....
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}
  • #16,944
  • May 3, 2016 6:49pm May 3, 2016 6:49pm
Quoting Gbp/jpy
I agree...in the old days there weren't enough capable tech guys.......you guys post like seasoned pro's....all of ya....hey, in the old days oanda and fxcm had big busy forums.......I was REX, logicalley and MATHALLEY......in my forex fight club thread.......those persons fought each other from their own frame of reference.....{quote}
I've only ever tried Babypips but their forum is dead. Forex Factory seems like it's pretty active. Definitely active enough for people in our timezone.

It was interesting to read what people think about the GBPJPY move earlier, being a forum member is more fun than I previously thought. It's nice to share ideas, etc.

I'm still keeping an eye on the NZDJPY too since they're doing the same thing.
  • #16,945
  • May 3, 2016 6:49pm May 3, 2016 6:49pm
The Tokyo Alarm Clock is hittin on all cyl......it goes 11 down....11 up then the fun starts. but it always gets 11 pips no matter what.....that trade has 11 levels or one more even.....
  • #16,946
  • May 3, 2016 6:53pm May 3, 2016 6:53pm
Quoting Gbp/jpy
The Tokyo Alarm Clock is hittin on all cyl......it goes 11 down....11 up then the fun starts. but it always gets 11 pips no matter what.....that trade has 11 levels or one more even.....
I'm not getting what you mean. It sounds like you're entering at Tokyo with a buy and sell with an 11 pip take profit on both?
  • #16,947
  • Edited 7:55pm May 3, 2016 7:20pm | Edited 7:55pm
it has the written rules on 3 threads...but yep...it's great....( geppy's geppy thread....another and this one on page 40 or so....)

it's the 742 trade.....which is entered at 642....NY time

looks to reverse on the one minute chart at 742....if it misses that it enters if a reverse occurs at 753...pm...NY

6 pip stop so you dump a bunch of margin on it....cool huh

then we look for a gentile move 11 to 24 pips....then back track to the start....just like today......then ideally a continuation in the first direction.....

then 24 pips....either way from the start.....and reverse it....

lots a levels huh!!! tons more later....edit....842 also went the same direction....642, 742 and 842....NY time
  • #16,948
  • May 3, 2016 7:42pm May 3, 2016 7:42pm
This one has serious potential if oil breaks down.
GBPCAD

Orange is USOil
Black and White is GC
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  • #16,949
  • May 3, 2016 7:44pm May 3, 2016 7:44pm
Quoting FX-Ray
{quote} It does, spot on (sry late response)
NICE! Many thanks
  • #16,950
  • May 3, 2016 8:12pm May 3, 2016 8:12pm
I still hold to my view that 151.7/152 was a bottom for the pair. I also hold to my view that the move to fail 162x was the first move up (wave 1) and the subsequent drop was corrective, as in wave 2.

Obviously a fall out of 152 destroys my argument.

The past few days have seen a messy decline that appears to be mapping a descending triangle of sorts. Following that line, the spike up earlier either determined the true triangle top, meaning that there is another move down yet to come, which I would anticipate being into the 153.5/8 area, or, conversely, maintaining the present 155x position may suggest that price has already broken out at around 155.6 and has thus far fallen back halfway into said triangle.
  • #16,951
  • May 3, 2016 8:32pm May 3, 2016 8:32pm
Quoting Gbp/jpy
it has the written rules on 3 threads...but yep...it's great....( geppy's geppy thread....another and this one on page 40 or so....) it's the 742 trade.....which is entered at 642....NY time looks to reverse on the one minute chart at 742....if it misses that it enters if a reverse occurs at 753...pm...NY 6 pip stop so you dump a bunch of margin on it....cool huh then we look for a gentile move 11 to 24 pips....then back track to the start....just like today......then ideally a continuation in the first direction..... then 24 pips....either way...
O_O you just confused me lol...
  • #16,952
  • May 3, 2016 8:52pm May 3, 2016 8:52pm
This is what I think might be going on. Id like to see one more slight move down in the pair to confirm the lower trendline. I feel that GU still needs to dip a little lower in its correction before making another leg higher to the 1.490-1.50 area and perhaps this will follow suit. I dont think it breaks the upper trendline though and if it does i dont think it does by much. I feel like it wants to make 1 more new low from a break of this maybe consolidation
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  • #16,953
  • May 3, 2016 9:47pm May 3, 2016 9:47pm
oh man....I could do better......I've posted them or started to post...a thousand times in 5 years......in geppy's geppy thread a rookie told me to just stop.....but....one can see these moves....asia is trapped by lack of umtion.....so they make theirs by doing these little moves hoping no one cares....
making up for the small pa by insuring a 6 pip stop....which is standard for the floor traders anyway...
Quoting Gupz
{quote} O_O you just confused me lol...
  • #16,954
  • May 3, 2016 9:52pm May 3, 2016 9:52pm
hey Gupz......today it went 12 pips profit down....13 pips profit after the spread and commission......I trade out of Malta.....dang commission..... back up to within one pip of the start.....then 24 down....60 up.....
  • #16,955
  • May 3, 2016 10:20pm May 3, 2016 10:20pm
What do you guys think about creating a JPY Crosses thread? There are a lot of trading opportunities aside from GBPJPY. I just spotted two potential buy entries with AUDJPY, CADJPY, and even one on EURJPY if one doesn't mind shameless chasing of a trend.

I'm new to the forum, should I create a 'JPY Crosses' thread or does a JPY veteran want to create it?
  • #16,956
  • May 3, 2016 10:26pm May 3, 2016 10:26pm
ohyeah I need only good call to trade only ,
* longing GJ at the moment
Exits == most important part of your strategy
  • #16,957
  • May 3, 2016 10:28pm May 3, 2016 10:28pm
Quoting edmun1388
ohyeah I need only good call to trade only , * longing GJ at the moment
Buying GBPJPY is the correct move in my opinion, at least on M15. I would still be in the buy if it weren't for this trade manager I was messing with which closed out all my trades grrr
Attached Image (click to enlarge)
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  • #16,958
  • May 3, 2016 10:30pm May 3, 2016 10:30pm
yes....ohyeah.....aud/jpy took forever to fall from 94......dang.....cad/jpy is a carry trade too....good idea....ff is ready for more input, no need to wait for anyone else....you'll do.....
  • #16,959
  • Edited 10:52pm May 3, 2016 10:37pm | Edited 10:52pm
Quoting Gbp/jpy
yes....ohyeah.....aud/jpy took forever to fall from 94......dang.....cad/jpy is a carry trade too....good idea....ff is ready for more input, no need to wait for anyone else....you'll do.....
Thanks Gbp/jpy, I'll work on creating the thread now. Hope to see some of you JPY cross traders there.

Darn, the system states 'You must have low impact () or higher to start a thread in the Interactive Trading forum' so never mind. Someone else will have to create the JPY Crosses thread if they want to.
  • #16,960
  • May 3, 2016 11:30pm May 3, 2016 11:30pm
Quoting ohyeah
{quote} Thanks Gbp/jpy, I'll work on creating the thread now. Hope to see some of you JPY cross traders there. Darn, the system states 'You must have low impact () or higher to start a thread in the Interactive Trading forum' so never mind. Someone else will have to create the JPY Crosses thread if they want to.
I like it dude. Dont worry about activity. Just post your stuff. Im sure everyone here will stop by and check it out and add input. I personally like posting my charts because I like to hear different opinions and get criticism.(although it I dont know why doesnt happen much for some strange reason) Id rather someone destroy my work and help me see something I missed than lose money.
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