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Dragon Riders GBP/JPY

  • #19,541
  • Aug 2, 2016 8:56pm Aug 2, 2016 8:56pm
Quoting zwara
hello guys which brokers have better spreads on GY I am with IC markets with oscilating spread 1.0 to 2.9 normally 1.5/1.9 pips. but their servers seem to lag sometimes and freeze and it's a huge stress :S
Tradersway has similar spread as your IC markets... I trade ECN account with them, and experience has been good for past year or so...

Edit: right now GJ spread is about 2 pips
  • #19,542
  • Aug 2, 2016 8:58pm Aug 2, 2016 8:58pm
Quoting Gbp/jpy
short term here classic 9:15 reversal....see if they dare try another 10pm in N Y. like all week...
I learn something every time from you...don't know your experience level but you always seem to enlighten me with new pip hunting wisdom, thx
  • #19,543
  • Edited 9:16pm Aug 2, 2016 8:59pm | Edited 9:16pm
Note that tomorrow BOE will deliver their widely anticipated "Super Thursday" stimulus package which should include a rate cut.

Note also that if the 25 basis point cut do occur it'll send the UK rate below the US rate (0.25% vs 0.5%) for the first time since the 80s.

Quoting benaiah
{quote} Tradersway has similar spread as your IC markets... I trade ECN account with them, and experience has been good for past year or so... Edit: right now GJ spread is about 2 pips
My experience with Tradersway is they tend to widen their spread. Don't know if you observed this ?
  • #19,544
  • Edited 9:53pm Aug 2, 2016 9:41pm | Edited 9:53pm
watch for bounce up off 134.79 or 134.74???, just a back tested guess is all.
  • #19,545
  • Aug 3, 2016 12:44am Aug 3, 2016 12:44am
morning...still gonna try and use 135.22 and 136.12 today, as for support, still looking...
Look Sharp/Trade Tight
  • #19,546
  • Aug 3, 2016 12:50am Aug 3, 2016 12:50am
btw 133.16 is the brexit days low, interesting area...
Look Sharp/Trade Tight
  • #19,547
  • Aug 3, 2016 1:03am Aug 3, 2016 1:03am
Quoting PayTheLimit
morning...still gonna try and use 135.22 and 136.12 today, as for support, still looking...
Morning, atm we are at 61 fib retracement on 4h chart, I would't mind a run to 137 or more, another thing is that yeastarday all the jpy pairs got more downtrend but not gj, for now I think 134,12 is a good strong suport
I need the magic ball
  • #19,548
  • Aug 3, 2016 1:11am Aug 3, 2016 1:11am
Quoting stars1985
{quote} Morning, atm we are at 61 fib retracement on 4h chart, I would't mind a run to 137 or more, another thing is that yeastarday all the jpy pairs got more downtrend but not gj, for now I think 134,12 is a good strong suport
for me, the support you mention down there, and there is some, seems to have been tested last spike down, doesn't mean its still not there, but I'm looking for something fresher..my next major support, that looks clean is near 130...129.73 actually....obviously looking for something closer, just not seeing it right now...holding yesterdays low this morning will however put the bears on their heals somewhat I suspect, and the bulls could build quickly on yesterdays spinner...should be an interesting day at a minimum...
Look Sharp/Trade Tight
  • #19,549
  • Aug 3, 2016 1:17am Aug 3, 2016 1:17am
Quoting PayTheLimit
{quote} for me, the support you mention down there, and there is some, seems to have been tested last spike down, doesn't mean its still not there, but I'm looking for something fresher..my next major support, that looks clean is near 130...129.73 actually....obviously looking for something closer, just not seeing it right now...holding yesterdays low this morning will however put the bears on their heals somewhat I suspect, and the bulls could build quickly on yesterdays spinner...should be an interesting day at a minimum...
I understand what u say and hopefully will be an interesting day
I need the magic ball
  • #19,550
  • Aug 3, 2016 1:40am Aug 3, 2016 1:40am
hey, we should get good at reacting to scenarios....

those 7:53 reversals.....one should use a two pip stop after the spread....that creates more profit,huh!!!

Quoting Miman
{quote} I learn something every time from you...don't know your experience level but you always seem to enlighten me with new pip hunting wisdom, thx
  • #19,551
  • Aug 3, 2016 1:56am Aug 3, 2016 1:56am
London close tested/held again...
Look Sharp/Trade Tight
  • #19,552
  • Aug 3, 2016 3:09am Aug 3, 2016 3:09am
well lets hope we see some action on the half hour eh?
Look Sharp/Trade Tight
  • #19,553
  • Aug 3, 2016 3:15am Aug 3, 2016 3:15am
135.22 looks a little too close, looking for something better to hang my hat on...guess I'll just work 136.12 offers for the number, then take another look...
Look Sharp/Trade Tight
  • #19,554
  • Aug 3, 2016 3:34am Aug 3, 2016 3:34am
zzzzz
Look Sharp/Trade Tight
  • #19,555
  • Aug 3, 2016 4:00am Aug 3, 2016 4:00am
decent 4hr close anyway, perhaps some new support forged at 134.28....would look better if they take 135.55 out...file it under "we'll see"...
Look Sharp/Trade Tight
  • #19,556
  • Aug 3, 2016 6:47am Aug 3, 2016 6:47am
looks wicky up here....
Look Sharp/Trade Tight
  • #19,557
  • Aug 3, 2016 6:51am Aug 3, 2016 6:51am
I like the idea of a pop higher here. I really like the idea of gbp strength right now and the level its at is pretty nice with a good amount of bullish divergence. I personally dont think they cut rates. they have shown to be very hesitant to do so in the past and with all the uncertainty out there they probably want to save the ammunition for when its needed most and i dont see that being the case right now
  • #19,558
  • Aug 3, 2016 7:10am Aug 3, 2016 7:10am
gonna work with 134.28 and 136.12 for the rest of the day, ended up trading against 135.22, just covered those shorts right now...
Look Sharp/Trade Tight
  • #19,559
  • Aug 3, 2016 9:08am Aug 3, 2016 9:08am
enough for today...laterzz..
Look Sharp/Trade Tight
  • #19,560
  • Aug 3, 2016 12:14pm Aug 3, 2016 12:14pm
Quoting raiders
I like the idea of a pop higher here. I really like the idea of gbp strength right now and the level its at is pretty nice with a good amount of bullish divergence. I personally dont think they cut rates. they have shown to be very hesitant to do so in the past and with all the uncertainty out there they probably want to save the ammunition for when its needed most and i dont see that being the case right now
I agree with you. Brexit move is for UK to save it's economy instead of further bleed in their account.
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