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Dragon Riders GBP/JPY

  • #21,581
  • Sep 18, 2016 12:43pm Sep 18, 2016 12:43pm
It is a very tricky situation. As indicated by me on Fri, both TP1 (134) and TP 2 (133) has been achieved. There is every chance of the pair hitting north upto 141, if BoJ delivers easing policy on the 21st Sep. The market is not too concerned at the moment as previous BoJ talks have not materialized; so every good chance for this pair to bounce steeply.

If BoJ fails to deliver on the 21st Sep, the market will punish JPY and it may hit the 94 range.
  • #21,582
  • Sep 18, 2016 4:23pm Sep 18, 2016 4:23pm
Gold is slippin into darkness.....
  • #21,583
  • Sep 18, 2016 6:42pm Sep 18, 2016 6:42pm
Quoting Gbp/jpy
Gold is slippin into darkness.....
before jump up..
  • #21,584
  • Sep 18, 2016 6:43pm Sep 18, 2016 6:43pm
Quick trade --bounce from previous low.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 67 KB
Dragon Rider
  • #21,585
  • Sep 18, 2016 6:49pm Sep 18, 2016 6:49pm
Ok. Seems the dragon will briefly rise to around 133.700 and then fly down to his prey. WeŽl see.





.
  • #21,586
  • Sep 18, 2016 7:50pm Sep 18, 2016 7:50pm
Quoting bigboss
Ok. Seems the dragon will briefly rise to around 133.700 and then fly down to his prey. Wel see. .
133.30 was previously strong support turned resistance. I'd say the price will bounce down again and ranging until Wednesday's BoJ news. Then it will either be shot down or soar up. 1 thing for sure, this will be reversal/retracement or continuation point for GBP/JPY. Careful of high volatility during the news' release date.
  • #21,587
  • Sep 18, 2016 9:48pm Sep 18, 2016 9:48pm
Quoting JJSerrault
{quote} 133.30 was previously strong support turned resistance. I'd say the price will bounce down again and ranging until Wednesday's BoJ news. Then it will either be shot down or soar up. 1 thing for sure, this will be reversal/retracement or continuation point for GBP/JPY. Careful of high volatility during the news' release date.


same thoughts

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,588
  • Edited 10:17pm Sep 18, 2016 10:05pm | Edited 10:17pm
Below 118, as I outlined, 104 ish remains on the books. But then so do 95 and 87.5. Although the biggest issue I continue to have with 87.5 is not the number itself, but the fib extension value. 73 makes more sense.

Because Sterling Yen NEVER stops at the 127 fib. Nearly always to the 138.2, yet rarely beyond. ' Twas that terribly simple analysis that allowed me to call 196 some 5 ~6 months before it happened. Not really giving a shit, I was about 20 pips out. Although I had a trading break and didn't return for some months thereafter.

That last number (73), if it ever happened would not be in this calendar year, but would be the low point of the res/support area first marginally broken in Sep 2000 at 155, totally trashed at 185 in Sep 2008, retested at 189.5 in Dec 2014 - subsequently broken again en route 196 and retested at 188 again in late 2015. And it has a central pivot of ..... drum roll .....129.5/6. It just happens,conveniently, to be the 1.382 ext from 249 cf the MONTHLY lows at 121
  • #21,589
  • Sep 18, 2016 10:47pm Sep 18, 2016 10:47pm
Almo2312... baby, you have a " trade the Asian "....how cool

I have a hundred questions for ya!!!

Quoting Almo2312
{quote} same thoughts Cheers Al.
  • #21,590
  • Edited 11:02pm Sep 18, 2016 10:52pm | Edited 11:02pm
Quoting Gbp/jpy
Almo2312... baby, you have a " trade the Asian "....how cool I have a hundred questions for ya!!! {quote}
yep baby , i can share with you its not secret,i just try some theories .

trade this pairs:UJ,GJ,GU,GN,GA(one min chart)

the idea is like that,,as you can see the chart below,

price broke the lower range zone from 10pm to3am(GMT+2),price below all SMA's, stoch point down and below the 15 zone

i also look for the near S/R zone b4 i trade an that's all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB


Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,591
  • Edited 11:15pm Sep 18, 2016 10:53pm | Edited 11:15pm
So, one can tell....fixin to drop........

by the slo sto in any number......on the 15 minute.......like in 7 hours.....or 8

radio edit.....of note....this where the second bump I always post comes in.......the slo sto only has one bump down on any time frame mainly the dealer chart....4H

I buy the second bump....the second bump down that hits the bottom....

so if it has one more bump down to complete....still sellin'.....dealer chart rules I'd say just eyeballin....
  • #21,592
  • Sep 18, 2016 10:57pm Sep 18, 2016 10:57pm
Quoting Almo2312
{quote} yep baby , i can share with you its not secret,i just try some theories . trade this pairs:UJ,GJ,GU,GN,GA Cheers Al.
yep, I traded the hail out of the two carry instruments.....GN and GA......that spike from hail in GA...means it is the leader......spike from a year ago......

GN wants to have the pedal to the metal every day.....300 pips up and then down again or get outta the way......
  • #21,593
  • Sep 18, 2016 11:11pm Sep 18, 2016 11:11pm
Quoting Almo2312
{quote} yep baby , i can share with you its not secret,i just try some theories . trade this pairs:UJ,GJ,GU,GN,GA(one min chart) the idea is like that,,as you can see the chart below, price broke the lower range zone from 10pm to3am(GMT+2),price below all SMA's, stoch point down and below the 15 zone i also look for the near S/R zone b4 i trade an that's all{image} Cheers Al.

also i trade it on the DAX from 15 min after GERMAN open
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,594
  • Sep 18, 2016 11:16pm Sep 18, 2016 11:16pm
Quoting Gbp/jpy
{quote} yep, I traded the hail out of the two carry instruments.....GN and GA......that spike from hail in GA...means it is the leader......spike from a year ago...... GN wants to have the pedal to the metal every day.....300 pips up and then down again or get outta the way......

GA and GN i trade with very small leverage cause it can either give u lot of pips or kill your acc,

MONSTERS!
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,595
  • Sep 18, 2016 11:20pm Sep 18, 2016 11:20pm
hey, that's what I do on a 4H....amazing to see your one minute.......a new wrinkle for me here goin on....ha!!
  • #21,596
  • Sep 18, 2016 11:23pm Sep 18, 2016 11:23pm
15 minutes after the open...Frankfurt....wondering about that....I see oil go back and forth like a ping pong ball starting then and lasting for three hours....you know after the cardiac GBP/NZD...go trade brent crude....tame compared
  • #21,597
  • Sep 18, 2016 11:38pm Sep 18, 2016 11:38pm
Quoting stars1985
{quote} A damn week lost for nothing, i trade another pairs also and not big moves on them... Just watch when the market start to animate the next week with huge moves, I can only imagine
Possible for another day lost for GJ. I am still waiting for a better long entry..
  • #21,598
  • Sep 18, 2016 11:48pm Sep 18, 2016 11:48pm
Quoting goldgirl
{quote} Possible for another day lost for GJ. I am still waiting for a better long entry..
Cross hand and wait first.
  • #21,599
  • Sep 18, 2016 11:54pm Sep 18, 2016 11:54pm
Quoting Almo2312
{quote} GA and GN i trade with very small leverage cause it can either give u lot of pips or kill your acc, MONSTERS!
Those 2 pairs make GBP/JPY looks like docile Dragon. I refuse to get involved with them again.
  • #21,600
  • Sep 19, 2016 12:00am Sep 19, 2016 12:00am
Quoting goldgirl
{quote} Cross hand and wait first.
What would be an optimal long entry?
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