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Dragon Riders GBP/JPY

  • #18,821
  • Jun 23, 2016 8:17pm Jun 23, 2016 8:17pm
if they do in fact leave the market should get some healthy volatility back and some nice measurable moves. i really hope they do leave for them and me
  • #18,822
  • Jun 23, 2016 9:08pm Jun 23, 2016 9:08pm
Quoting Mpt
Just for fun, I set about trying to figure out where Cable supports would be in the event of a large, fairly uncontrolled fall. Over 24/25 years, Cable has operated within 5 primary support/ resistance bands that have been used repeatedly over that time. These are referenced off monthly charts going back to 1992. 1. Firstly, the initial drop commences at around 1.405 ~1.40. 2. Apart from the horizontal supports of 1.385 and 1.35x, next is 1.33. The first two are not primary support points. 3. 1.29, 1.26, 1.22 4. 1.08 (extrapolated...
And 1.33 holds thus far
  • #18,823
  • Jun 23, 2016 10:20pm Jun 23, 2016 10:20pm
unprecedented I will never see nothing like that again just amazing...

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  • #18,824
  • Jun 23, 2016 10:27pm Jun 23, 2016 10:27pm
Ok, as far as Pivots are concerned, they are out of the window for today.
So then we shall shift back to conventional techs.

GBPJPY should retrace back to 137.50 this morning, before a decision gets made, but also has a free all the way to 134.00 again

And cable has a free all the way to 1.3125 now. We could possible see a retrace back to 1.3450ish before continuing down again
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  • #18,825
  • Jun 23, 2016 10:35pm Jun 23, 2016 10:35pm
I think that the exit already in the market, so long-term long is possible
  • #18,826
  • Jun 23, 2016 10:44pm Jun 23, 2016 10:44pm
Quoting raiders
{quote} NICE!!! Good job killer!!

Pure luck to be honest and on low account
  • #18,827
  • Jun 23, 2016 10:45pm Jun 23, 2016 10:45pm
Quoting eugenyk
I think that the exit already in the market, so long-term long is possible
Morning
I would not enter long yet. Not until cable has reached to the 1.2500 mark.
And remember, that when London opens, ll those share prices should drop, which will cause pound to drop more. And when US open, the Dow and co. should rise, again causing pound to drop.
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  • #18,828
  • Jun 23, 2016 10:59pm Jun 23, 2016 10:59pm
What is the future of GBPJPY if Briton exit from EU ? No more dragon ride ?
  • #18,829
  • Jun 23, 2016 11:17pm Jun 23, 2016 11:17pm
Quoting sharpshoot
What is the future of GBPJPY if Briton exit from EU ? No more dragon ride ?
you will see in 2 weeks, nobody knows now, there will be a lot of manipulations on market
  • #18,830
  • Edited 11:53pm Jun 23, 2016 11:17pm | Edited 11:53pm
reporting in with a tea cup and handle....sell continuation.... 15M
I got 140.14/23, plus remember that fellas 500 pip block at a time thread....here on F F, he...he

141.xx...same as ever , through it like dog snot....they say that in Texas, not me really...
  • #18,831
  • Jun 23, 2016 11:20pm Jun 23, 2016 11:20pm
144 Next target
  • #18,832
  • Jun 23, 2016 11:24pm Jun 23, 2016 11:24pm
I'll wait till we get back down and break 140, should be drop to 135 again
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  • #18,833
  • Edited 11:51pm Jun 23, 2016 11:29pm | Edited 11:51pm
There is a possible setup for London to break out of daily range, when it breaks the weekly S3 pivot at 138.74.
Cable miles down from it's day S3.

Both of these are below the weekly and monthly S3's
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  • #18,834
  • Jun 23, 2016 11:41pm Jun 23, 2016 11:41pm
Quoting eugenyk
I think that the exit already in the market, so long-term long is possible

We just need to know where the bottom is. We may already have it several hundred pips ago .
  • #18,835
  • Jun 23, 2016 11:44pm Jun 23, 2016 11:44pm
Quoting Feo
There is a possible setup for London to break out of daily range, when it breaks the S3 pivot at 139.74. Cable miles down from it's day S3. Both of these are below the weekly and monthly S3's {image}
Not surprised that pivots are blown away. This has been an unprecedented move.
  • #18,836
  • Jun 23, 2016 11:45pm Jun 23, 2016 11:45pm
Quoting Feo
There is a possible setup for London to break out of daily range, when it breaks the S3 pivot at 139.74. Cable miles down from it's day S3. Both of these are below the weekly and monthly S3's {image}
I sort of doubt that when cable has just made a 31 year low, it's really going to be too concerned about some daily pivot.
  • #18,837
  • Jun 23, 2016 11:56pm Jun 23, 2016 11:56pm
Apologies
I had posted the weekly S3 as 139.74, it actually is 138.74. I corrected it in that post above.
So London will move market down toward the 139.74, which is 100 marks up from the weekly S3. Then there will be that 100 mark drop setup.
If London can open above 140.14 then getting in at at 140.10 down
If London opens above 140.00 getting n at 139.96 down
If London open above 139.74, then getting in at 139.69 down
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  • #18,838
  • Jun 23, 2016 11:58pm Jun 23, 2016 11:58pm
pretty cool Feo...i'm watchin that
  • #18,839
  • Jun 24, 2016 12:03am Jun 24, 2016 12:03am
getting in at 139.45 down now
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  • #18,840
  • Jun 24, 2016 12:22am Jun 24, 2016 12:22am
Quoting Feo
getting in at 139.45 down now
Remember, this half hour must close above 45, in order to sell 45 break down
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