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Dragon Riders GBP/JPY

  • #17,101
  • May 8, 2016 5:21pm May 8, 2016 5:21pm
Tokyo Alarm Clock........strikes again.......traveled 23 pips......then 33......waitin......for more.....let's see
  • #17,102
  • May 8, 2016 6:10pm May 8, 2016 6:10pm
so right about now I'm thinking D P's......DP layout.....come to me........
  • #17,103
  • May 8, 2016 7:02pm May 8, 2016 7:02pm
Quoting gnajra
{quote} i like what you are thinking... im on the same boat. TP @ 164.
all we need is some boe love which is on the sched....maybe kuroda talking about last nights ramen and its off to the races
  • #17,104
  • May 8, 2016 8:31pm May 8, 2016 8:31pm
have ya a looky now there at the 333 on the 15M.....don'cha be slow about it
  • #17,105
  • May 8, 2016 9:16pm May 8, 2016 9:16pm
Quoting raiders
{quote} that pair doesnt play games right? 97 was my target
atm machine - my go to when the dragon isnt firing, she will soon though usdjpy is still going well still holding it and added some. Just waiting for some gbp power which should come as the usd strengthens.
  • #17,106
  • May 8, 2016 10:34pm May 8, 2016 10:34pm
long + 20 pips hold.
http://www.forexfactory.com/showthre...71#post8915671
Exits == most important part of your strategy
  • #17,107
  • May 8, 2016 10:57pm May 8, 2016 10:57pm
Quoting lancedes
{quote} Please would you explain in a bit more detail what you mean by this? Thanks in advance. In October 2015, when the pair was at 185, a chap from Morgan Stanley said that it was the most overvalued pair in forex. He expects it to dive over the next 5 years, possibly even halving in value. I'm not sure if this is relevant to your point.


Quoting Mpt
{quote} Yes, it would be relevant. I'll post more stuff over the next couple of days, but suffice say that when the pair was down below 118, the next support was clearly in the 105 area. Whilst most pundits were of the opinion that 100 would never break, the optimum final bottom was around 92. There's your 50% from 185.However, 153/ 152x would have to break. Because under there the chances of this not being a simple correction begin to rise significantly.More later as promised.....

The apparent structure of the entire correction since 1992. All drawn lines are parallel. The elliptical drawn area displays price highs and lows. As may be seen, this pair is at the crossroads

]attach]1923349[/attach
Attached Image (click to enlarge)
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  • #17,108
  • May 9, 2016 1:01am May 9, 2016 1:01am
killin em.....30 minute marks are ruling the day right now
  • #17,109
  • May 9, 2016 1:53am May 9, 2016 1:53am
What with that spike, Almost 100 Pips Shot,
Biggest Mistake ? Over Leverage
  • #17,110
  • May 9, 2016 4:45am May 9, 2016 4:45am
Quoting Pip-Miner
{quote} atm machine - my go to when the dragon isnt firing, she will soon though usdjpy is still going well still holding it and added some. Just waiting for some gbp power which should come as the usd strengthens.
Looks like she ready, will get into dragon on a pullback.
  • #17,111
  • May 9, 2016 6:19am May 9, 2016 6:19am
Good start of the week.

U/J 108.75 is next upside. Current support 108.20; next downside target 107.85

G/J next upside 156.65/60
  • #17,112
  • May 9, 2016 6:36am May 9, 2016 6:36am
if not wrong dragon already on few hours ago.
* edit : 5 hours ago.
Exits == most important part of your strategy
  • #17,113
  • May 9, 2016 7:33am May 9, 2016 7:33am
Quoting raiders
{quote} all we need is some boe love which is on the sched....maybe kuroda talking about last nights ramen and its off to the races
baaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaam :d
  • #17,114
  • May 9, 2016 7:45am May 9, 2016 7:45am
Quoting gnajra
{quote} baaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaam :d
without a doubt my favorite trade this week. i exited all positions to watch only this pair because of the potential. i may not sleep all week but whatever ill go on vacation later if it goes as plan
  • #17,115
  • May 9, 2016 7:57am May 9, 2016 7:57am
btw..just random news but did you guys see this?

http://www.bloomberg.com/news/articl...-to-weaken-yen

Soros Chart Signals BOJ Bond Buying Already Enough to Weaken Yen
  • #17,116
  • May 9, 2016 8:58am May 9, 2016 8:58am
Quoting FX-Ray
Good start of the week. U/J 108.75 is next upside. Current support 108.20; next downside target 107.85 G/J next upside 156.65/60
Hi FX-Ray, what was the reason for you to go long? I did not see any longs, just shorts from pullbacks, but now stopped out and it really looks like the sentiment has changed again.
Fix up, trade sharp ...
  • #17,117
  • May 9, 2016 12:59pm May 9, 2016 12:59pm
Quoting raiders
{quote} without a doubt my favorite trade this week. i exited all positions to watch only this pair because of the potential. i may not sleep all week but whatever ill go on vacation later if it goes as plan
world tour on the cards bro . Gbpaud just hit 97 , honestly think dragon do similar , just waiting for the 100 pip pull back
  • #17,118
  • May 9, 2016 5:35pm May 9, 2016 5:35pm
Quoting raiders
btw..just random news but did you guys see this? http://www.bloomberg.com/news/articl...-to-weaken-yen Soros Chart Signals BOJ Bond Buying Already Enough to Weaken Yen
its going baby its goinggggggggggggggggg !

thanks for the news...
  • #17,119
  • May 9, 2016 5:42pm May 9, 2016 5:42pm
Quoting Hickson
{quote} Hi FX-Ray, what was the reason for you to go long? I did not see any longs, just shorts from pullbacks, but now stopped out and it really looks like the sentiment has changed again.
last wednesday - friday we had 3 highs at 107.50ish, false break of support 106.75 plus strong friday close. Next upside were 107.88 & 108.20 by the time which is current support.

Add: So next is probably 108.75
  • #17,120
  • May 9, 2016 5:58pm May 9, 2016 5:58pm
Finally broke above fractal after waiting for so long. Today my trading plan is to buy the dips until we test the 50% fib.
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