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Dragon Riders GBP/JPY

  • #19,141
  • Jul 14, 2016 2:14am Jul 14, 2016 2:14am
Quoting al_yaqen
{quote} Aha ok Tao, but what is the rumours? are they going to cut?

I've seen info saying both. My bias is leaning towards them cutting rates.
  • #19,142
  • Edited 4:49am Jul 14, 2016 3:45am | Edited 4:49am
Quoting TaoTrader
{quote} I've seen info saying both. My bias is leaning towards them cutting rates.
Nah, they'll stand pat.

Edit: I see the forecast is for a cut of 25. Now I'm definitely standing aside.....
  • #19,143
  • Jul 14, 2016 4:18am Jul 14, 2016 4:18am
Does anyone think 137.06 could be a Temp. Support for a quick sell from 140 before the BOE? Please advice
  • #19,144
  • Jul 14, 2016 4:40am Jul 14, 2016 4:40am
lol throw your dice, anyone here doesn't know:
and if they did they wouldn't say.
  • #19,145
  • Jul 14, 2016 5:03am Jul 14, 2016 5:03am
hi, im new to here..just wanted to know what happens if BOE decide to cut the rates..i mean sell market or buy market.any what is the reason for that move??
thanks
  • #19,146
  • Jul 14, 2016 5:19am Jul 14, 2016 5:19am
Quoting kanchanajay
hi, im new to here..just wanted to know what happens if BOE decide to cut the rates..i mean sell market or buy market.any what is the reason for that move?? thanks

never put the carriage in front of the horses by saying that what I mean is you should start to learn from the beggining, and avoid silly questions.

some foruns offer you a pips school, where FOR FREE they teach the very basics of the forex industry... read those teaching complete the exams again ALL FREE and then will know the very basics after that try to learn more. but like I said...

when you start builsding a house you dont start from the roof you start from a solid foundation. go get your foundation

cheers mate and happy readings
  • #19,147
  • Jul 14, 2016 6:00am Jul 14, 2016 6:00am
Quoting nimbinsstone
lol throw your dice, anyone here doesn't know: and if they did they wouldn't say.
True True... I did got in from 140 anyway.. (Following my Strategy) I have move the stop lose
  • #19,148
  • Jul 14, 2016 6:02am Jul 14, 2016 6:02am
Nice push up for almost 300 pips in 1 min...
@GJscalper I've turned a new leaf. No more trolling.
  • #19,149
  • Jul 14, 2016 6:06am Jul 14, 2016 6:06am
Any body knows a target on GJ?
  • #19,150
  • Jul 14, 2016 6:17am Jul 14, 2016 6:17am
can someone explain why it shot higher (i know no rate cut) but came right down to 140.2? now where do you think gbpjpy will go? I got a horrible buy fill at 142 and i'm killing myself right now
  • #19,151
  • Jul 14, 2016 6:34am Jul 14, 2016 6:34am
Quoting Shoezgal
can someone explain why it shot higher (i know no rate cut) but came right down to 140.2? now where do you think gbpjpy will go? I got a horrible buy fill at 142 and i'm killing myself right now
You got a horrible fill because during high impact news, that is when the brokers can fill most orders due to the lag which they can have. As for the reason as to why it shot up, you have to notice that this market will move the price against the hurd. Clearly (after the fact) more people were shorting gj prior to the news event, so why not shoot it up to stop them out and cause even more uncertainty. You took a gambel and you got burned. Now hopefully this will be the last time you ever enter a position right before or leading into high impact news!
@GJscalper I've turned a new leaf. No more trolling.
  • #19,152
  • Jul 14, 2016 6:35am Jul 14, 2016 6:35am
Quoting GJscalper
{quote} You got a horrible fill because during high impact news, that is when the brokers can fill most orders due to the lag which they can have. As for the reason as to why it shot up, you have to notice that this market will move the price against the hurd. Clearly (after the fact) more people were shorting gj prior to the news event, so why not shoot it up to stop them out and cause even more uncertainty. You took a gambel and you got burned. Now hopefully this will be the last time you ever enter a position right before or leading into high...
No, it won't be and you know it. I like you

I can see everyone is as crazy as I thought they would be with the Brexit b.s. It's been 2 months and a half since I haven't touched the markets. Doesn't make sense to risk money until the Brexit storm passes. Then there will be 1-2 months of good trading and again no trading until US elections storm passes. 2016 has been damn tough from the start!
  • #19,153
  • Jul 14, 2016 6:37am Jul 14, 2016 6:37am
Quoting Shoezgal
can someone explain why it shot higher (i know no rate cut) but came right down to 140.2? now where do you think gbpjpy will go? I got a horrible buy fill at 142 and i'm killing myself right now
It shot up because the market had already built (expected) a cut into the price......
A lion doesn't concern itself with the opinion of sheep.
  • #19,154
  • Jul 14, 2016 6:45am Jul 14, 2016 6:45am
Quoting Shoezgal
can someone explain why it shot higher (i know no rate cut) but came right down to 140.2? now where do you think gbpjpy will go? I got a horrible buy fill at 142 and i'm killing myself right now
Your broker sold it to you at 139 but pretended it's at 142 they use lag as an excuse and horrible spread. Ok I'm bad.
  • #19,155
  • Jul 14, 2016 6:48am Jul 14, 2016 6:48am
yes wtf interactive brokers
  • #19,156
  • Jul 14, 2016 6:49am Jul 14, 2016 6:49am
is 144 on the horizon now? Or it has topped?
  • #19,157
  • Edited 8:20am Jul 14, 2016 7:59am | Edited 8:20am
yep, Gold is dropping but that Silver stays the same.....this the most the GBP/JPY pair has traveled in the up direction ever......in one week cool to watch, huh!!!!

1313 is the marker for Gold. that guy up there in the picture says this may be the dollar run starting.......R. P. Balan.....

this thing has been on a tear since the initial 40 pip head fake Sunday/ Monday morning in Tokyo.

target of 150.xx if we have an A B C impulse move going now....it's all unsquared candles up there
  • #19,158
  • Jul 14, 2016 8:26am Jul 14, 2016 8:26am
seems to be losing momentum to the downside now, i'm wondering if it is time to turn short or hope it can ride to 144 and beyond..... still BOE cut in aug is coming so .... SIGH i hate my broker
  • #19,159
  • Jul 14, 2016 8:42am Jul 14, 2016 8:42am
Quoting Shoezgal
seems to be losing momentum to the downside now, i'm wondering if it is time to turn short or hope it can ride to 144 and beyond..... still BOE cut in aug is coming so .... SIGH i hate my broker
According to this guy it might go up more. For your sake I hope he is right. http://www.forexfactory.com/showthre...97#post9029397
We just don't know when it's going to start to go up again.
  • #19,160
  • Jul 14, 2016 8:49am Jul 14, 2016 8:49am
nope.....it went back down. sigh
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