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Dragon Riders GBP/JPY

  • #19,501
  • Aug 2, 2016 1:54am Aug 2, 2016 1:54am
Quoting amoc
{quote} could break to 137 but am long 134.50
nice buys, surely has some potential here to try and forge a medium term bottom, lets see how London plays it...
Look Sharp/Trade Tight
  • #19,502
  • Aug 2, 2016 2:01am Aug 2, 2016 2:01am
covered my longs...will look for something else now...namely shorts against 135.96..
Look Sharp/Trade Tight
  • #19,503
  • Edited 2:38am Aug 2, 2016 2:15am | Edited 2:38am
support at 134.83 now, perhaps, but tough to read...prolly best to let it settle a bit, some data in a while, bbl...

ps, no clue as to where the next real support may be, perhaps 134? not sure, looks like some R might be developing near 135.09/15 that might be of some use later...
Look Sharp/Trade Tight
  • #19,504
  • Aug 2, 2016 2:46am Aug 2, 2016 2:46am
Or japanese traders drink to much sake or they just make some tests....
I need the magic ball
  • #19,505
  • Aug 2, 2016 2:59am Aug 2, 2016 2:59am
perhaps some support near 133.83, seems a sneaky spot, wonder if I should take a flyer?

screw it, wait for something cleaner I guess..
Look Sharp/Trade Tight
  • #19,506
  • Aug 2, 2016 3:02am Aug 2, 2016 3:02am
Quoting PayTheLimit
perhaps some support near 133.83, seems a sneaky spot, wonder if I should take a flyer? screw it, wait for something cleaner I guess..
Yeah but I just saw eg tring to brake the top
I need the magic ball
  • #19,507
  • Aug 2, 2016 3:15am Aug 2, 2016 3:15am
Quoting stars1985
{quote} Yeah but I just saw eg tring to brake the top
I'm not looking at any other pairs while trading GJ, for better or worse, just confuses me more really, for others it might be different...
Look Sharp/Trade Tight
  • #19,508
  • Aug 2, 2016 3:20am Aug 2, 2016 3:20am
Quoting PayTheLimit
{quote} I'm not looking at any other pairs while trading GJ, for better or worse, just confuses me more really, for others it might be different...
I'm using eg to understand if the down or uptrend of gj is fake or real, if eg is sideways and is no breaking any top or botom and gj is in a down or up trend 90 % of the case gj have a fake trend and will comeback
I need the magic ball
  • #19,509
  • Aug 2, 2016 3:24am Aug 2, 2016 3:24am
Quoting stars1985
{quote} I'm using eg to understand if the down or uptrend of gj is fake or real, if eg is sideways and is no breaking any top or botom and gj is in a down or up trend 90 % of the case gj have a fake trend and will comeback
I understand, but I'm also confused now...
Look Sharp/Trade Tight
  • #19,510
  • Aug 2, 2016 3:30am Aug 2, 2016 3:30am
^^^^
  • #19,511
  • Aug 2, 2016 4:03am Aug 2, 2016 4:03am
bear 4hr close, but above yesterdays low, wicky on both ends too...looks like decent R at 135.16 now, think I'll try some short scalps if we reach it next few hours...
Look Sharp/Trade Tight
  • #19,512
  • Aug 2, 2016 4:04am Aug 2, 2016 4:04am
Quoting stars1985
{quote} I'm using eg to understand if the down or uptrend of gj is fake or real, if eg is sideways and is no breaking any top or botom and gj is in a down or up trend 90 % of the case gj have a fake trend and will comeback
I don't think it works that way. If that case is happening then the activity is with jpy.
  • #19,513
  • Aug 2, 2016 4:26am Aug 2, 2016 4:26am
Quoting webizone
{quote} I don't think it works that way. If that case is happening then the activity is with jpy.
It's called corelation, do some research and u will find out
I need the magic ball
  • #19,514
  • Aug 2, 2016 5:03am Aug 2, 2016 5:03am
anyone see anything near 132.63 of interest?
Look Sharp/Trade Tight
  • #19,515
  • Edited 6:07am Aug 2, 2016 5:44am | Edited 6:07am
Quoting PayTheLimit
anyone see anything near 132.63 of interest?
weve got good bullish divergence on the higher levels so a move higher isnt out of the question although im not so sure on how much it will run at this point with no boj love and the dxy breaking down...im flat now on jpy pairs but UJ is making another nice consolidation on the 15M so I wouldnt rule out another bump lower. Might just try and snatch a few if it breaks down in the next hour or so.
Much much easier trades out there though right now on pairs that arent so wild. buying the hell out of the audnzd on a pullback looks like a great idea since you can get in pretty cheap still....i have 1.043 as the point of no return there so dropping the SL right under it and aiming for 1.10 is about as good of a trade i can see presently. UC might be the most bearish looking setup on the 4h. anyone long on that chart pattern should be slapped for stupidity...that one also has huge potential for pippage on a break and i could be wrong, will need to double check my notes but wti should be starting to inch higher any day now since sept is generally a good month for oil. US gdp number are far worse than CAD imo since were looking at basically 2 years of declining numbers which have been found to be doctored as of friday

http://www.zerohedge.com/news/2016-0...-rate-jan-2010

http://www.zerohedge.com/news/2016-0...alculation-gdp



older seasonality chart but sept looks like its good to go for a bump in oil. could be different this year but ill take my chances on 30 years of data(even if its old data)
Attached Image
  • #19,516
  • Aug 2, 2016 5:51am Aug 2, 2016 5:51am
Dont know about you guys but his chart is pretty damn sexy to me
Attached Image (click to enlarge)
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  • #19,517
  • Aug 2, 2016 5:54am Aug 2, 2016 5:54am
Quoting PayTheLimit
anyone see anything near 132.63 of interest?
GBPJPY made a nice sharp run to the daily pivot, only to get spanked back down over 150 pips. At this moment the price is trying to make it's way back, but if GJ drops to 134.314 before going up to 135.10 then GJ will more than likely have one hell of a drop 2 more pivot points under the DAILY S1.
@GJscalper I've turned a new leaf. No more trolling.
  • #19,518
  • Aug 2, 2016 5:57am Aug 2, 2016 5:57am
Attached Image (click to enlarge)
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swing trade this sexy batch..i promise the dragon wont mind you cheating on her jealous ass
  • #19,519
  • Aug 2, 2016 5:57am Aug 2, 2016 5:57am
Quoting GJscalper
{quote} GBPJPY made a nice sharp run to the daily pivot, only to get spanked back down over 150 pips. At this moment the price is trying to make it's way back, but if GJ drops to 134.314 before going up to 135.10 then GJ will more than likely have one hell of a drop 2 more pivot points under the DAILY S1.
I'm looking for shorts up near that DP right now, clean support seems hard to come by, at least I cant spot it....we could be putting in some support here, but I'd need a few 4hr bars more to ascertain it...
Look Sharp/Trade Tight
  • #19,520
  • Aug 2, 2016 6:01am Aug 2, 2016 6:01am
Inserted Video


in the mean time be happy
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