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Dragon Riders GBP/JPY

  • #19,561
  • Aug 3, 2016 12:15pm Aug 3, 2016 12:15pm
Re-entered long GJ at 134.10 SL 133.50 Target 143, 148 (Head and Shoulder)
Re-entered long UJ at 100.70 SL 100 Target 108
  • #19,562
  • Aug 3, 2016 12:19pm Aug 3, 2016 12:19pm
Quoting stars1985
{quote} Hope for u that u are right whit u sl but I have my dubt, atm gj need to go to 134,7~134,6 and it will go before the GBP news release u bether reconsider your sl or maybe I could be wrong
Thanks for your advise. My SL hit. Anyway, I made second attempts.

Re-entered long GJ at 134.10 SL 133.50 Target 143, 148 (Head and Shoulder)
Re-entered long UJ at 100.70 SL 100 Target 108

To loose 30 pips and gain 300 pips or even more in return is a worth-while trade.
  • #19,563
  • Aug 3, 2016 12:28pm Aug 3, 2016 12:28pm
Quoting HaLBot
{quote} Hey Goldgirl, whats your reasoning/Analysis for GBP/JPY rising to 148.000 ???? I'm not against it happening, much prefer bullish trades where I can, just wondering?
143.20 - 128.70 = 14.80 = 1480 pips

133. 90 + 14.80 = 148.70

Hence, the price action should be around 148 figure.
  • #19,564
  • Aug 3, 2016 5:03pm Aug 3, 2016 5:03pm
Do you guys think the boe cut will make the dragon go down to another level, or raise it?
  • #19,565
  • Aug 3, 2016 7:05pm Aug 3, 2016 7:05pm
pa just broke through the 333 15M......135.04
  • #19,566
  • Aug 3, 2016 7:21pm Aug 3, 2016 7:21pm
Hi Gbp/Jpy - i'm new to the dragon - does this break of the 333 sma imply go long? any tp estimations based on past experience?
  • #19,567
  • Aug 3, 2016 7:45pm Aug 3, 2016 7:45pm
its just a fib level, depends on your system I'm guessing. Daily stochastics are at an oversold level, but with the boe decision that has the possibility to push the dragon much lower. I went long today at 4pm est, but I am also holding it for a long period like 16 days as per my style, till it hits 144. Hoping that it does.. lol
  • #19,568
  • Aug 3, 2016 9:43pm Aug 3, 2016 9:43pm
antoniust, baby....[quote=antoniustfx;9065887]Hi Gbp/Jpy - i'm new to the dragon - does this break of the 333 sma imply go long? any t............

watch it on the 15M screen and see that pattern

then compare to the 5M and can do great short term just from those oscillations.....then there's the 1M, it wouldn't be fair....better go have a looky at that

and the only other one to see is the 4H dealer chart....that's why it's the dealer chart!!!
  • #19,569
  • Aug 3, 2016 9:49pm Aug 3, 2016 9:49pm
you have symmetry GoldGirl....that's what it is about you!!!

Quoting goldgirl
{quote} 143.20 - 128.70 = 14.80 = 1480 pips 133. 90 + 14.80 = 148.70 Hence, the price action should be around 148 figure.
  • #19,570
  • Aug 3, 2016 9:54pm Aug 3, 2016 9:54pm
antoniustfx....and I run a slo sto along there about 34,3,3.....and grab the second bump...and the third push....laid a lot on ya, huh!!! then we have free pip giveaway at the Tokyo start=up.....7:42 pm NY
  • #19,571
  • Aug 3, 2016 10:11pm Aug 3, 2016 10:11pm
sell all price, target 132-130-126-120-118，next year，target is 100.
  • #19,572
  • Aug 3, 2016 10:19pm Aug 3, 2016 10:19pm
Quoting goldgirl
{quote} 143.20 - 128.70 = 14.80 = 1480 pips 133. 90 + 14.80 = 148.70 Hence, the price action should be around 148 figure.
If we are at the peak (forming right shoulder now) of inverse h&s then yes. London will tell if we go through 136.25-.50, or sink below current support 134.50 and lower...
Trade in the now
  • #19,573
  • Aug 3, 2016 10:58pm Aug 3, 2016 10:58pm
Quoting Gbp/jpy
antoniustfx....and I run a slo sto along there about 34,3,3.....and grab the second bump...and the third push....laid a lot on ya, huh!!! then we have free pip giveaway at the Tokyo start=up.....7:42 pm NY
Many thanks G/J - i will do my homework as suggested - and yes i've seen your earlier posts on the 7:42 buffet - still working to get the hang of that one but it has peaked my curiosity to say the least...
  • #19,574
  • Aug 3, 2016 11:54pm Aug 3, 2016 11:54pm
Quoting Gbp/jpy
you have symmetry GoldGirl....that's what it is about you!!! {quote}
Symmetry on big timeframe is always works. Anyway, more room for appreciation in long term. This is my mid-term target.
  • #19,575
  • Aug 3, 2016 11:56pm Aug 3, 2016 11:56pm
Quoting alldirex
{quote} If we are at the peak (forming right shoulder now) of inverse h&s then yes. London will tell if we go through 136.25-.50, or sink below current support 134.50 and lower...
Yeah. Hence, I did put a stop loss incase it changes the pattern of inverse H&S into another deeper inverse H&S. SP500 changes to another higher head formation which is possible to climb higher before consolidation or deep fall.
  • #19,576
  • Aug 4, 2016 12:00am Aug 4, 2016 12:00am
Quoting cyguy
its just a fib level, depends on your system I'm guessing. Daily stochastics are at an oversold level, but with the boe decision that has the possibility to push the dragon much lower. I went long today at 4pm est, but I am also holding it for a long period like 16 days as per my style, till it hits 144. Hoping that it does.. lol
  • #19,577
  • Aug 4, 2016 12:53am Aug 4, 2016 12:53am
Quoting PayTheLimit
gonna work with 134.28 and 136.12 for the rest of the day
still for a while...
Look Sharp/Trade Tight
  • #19,578
  • Aug 4, 2016 1:06am Aug 4, 2016 1:06am
btw, 135.99 is last moths mid....and 136.22 is last weeks quarter, both have seen test/rejections...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 54 KB
Look Sharp/Trade Tight
  • #19,579
  • Aug 4, 2016 1:46am Aug 4, 2016 1:46am
seems like some daily support has formed, although its nothing to write home about, seems like 134.15 is a better spot than 134.28...
Look Sharp/Trade Tight
  • #19,580
  • Aug 4, 2016 5:41am Aug 4, 2016 5:41am
ok, looked for a few sneaker levels to the upside, on a count of perhaps we get some decent movement, and I like 136.95...
Look Sharp/Trade Tight
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