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Dragon Riders GBP/JPY

  • #21,601
  • Sep 19, 2016 12:07am Sep 19, 2016 12:07am
Quoting JJSerrault
{quote} Those 2 pairs make GBP/JPY looks like docile Dragon. I refuse to get involved with them again.

yep, thats true
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,602
  • Sep 19, 2016 12:14am Sep 19, 2016 12:14am
Quoting goldgirl
{quote} Cross hand and wait first.
Good for u, unfortunately for me I have some long entry from last week, i enter small lots un the downhill, my hope is gj back to 1,35 and eg back to 0,8500 let's see...
I need the magic ball
  • #21,603
  • Sep 19, 2016 2:17am Sep 19, 2016 2:17am
I think the probability of JPY easing is quite big. As the previous negative interest rates method didn't work, BoJ might try more desperate measures to devaluate its currency. Add that with the 18% chance of USD increasing rate on September. GBP might go up quite fast. I've taken my profit already. Trading near major critical point can be very dangerous. I'll look for entry opportunity after BoJ HI news on Wednesday.
  • #21,604
  • Sep 19, 2016 2:21am Sep 19, 2016 2:21am
Hey, idk......maybe the London ....N Y open.....idk....4H chart says soonyou might have fun spotting outside PA the first three hours or less, of a session.....and reverse it near a 30 minute mark....4 or 4:30 am N Y time....is kinda central....or the main reversal....

Quoting MrsTrader
{quote} What would be an optimal long entry?
  • #21,605
  • Sep 19, 2016 2:57am Sep 19, 2016 2:57am
Quoting Gbp/jpy
Hey, idk......maybe the London ....N Y open.....idk....4H chart says soonyou might have fun spotting outside PA the first three hours or less, of a session.....and reverse it near a 30 minute mark....4 or 4:30 am N Y time....is kinda central....or the main reversal.... {quote}

I remain confused. Does anything whatsoever happen outside of New York time? Or, in the case of both Pound Sterling and Japanese Yen, do all their administration reporting or various central bank operations only occur using New York time? I'm sure the folks in London and Tokyo would be intrigued to hear that.

When I look at my clock on the computer, or on the wall, or even in the car, I never see a reference to New York Time. But sometimes they'll reference GMT or even that awfully modern UTC.

Or is there some sort of secret arrangement whereby only folks who use (or know) New York time are able to trade the relative difference in value betwixt the Yen and Pound?

I remain confused .... nay, perplexed.
  • #21,606
  • Sep 19, 2016 3:20am Sep 19, 2016 3:20am
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.

GJ+UJ gave the first profits now i wait for breaking the friday low for both of them , lets see.

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,607
  • Sep 19, 2016 9:44am Sep 19, 2016 9:44am
LONG @ 135.26 from last Friday and holding for 140.
Be humble or be humbled.
  • #21,608
  • Sep 19, 2016 12:44pm Sep 19, 2016 12:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 25 KB

buy to get back to wave iv but shorts are still on though its getting in the buy zone
  • #21,609
  • Sep 19, 2016 12:49pm Sep 19, 2016 12:49pm
Quoting nawafasad1
{image} buy to get back to wave iv but shorts are still on though its getting in the buy zone
strong S line @ 132.35ish
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,610
  • Sep 19, 2016 1:18pm Sep 19, 2016 1:18pm
Quoting Almo2312
{quote} strong S line @ 132.35ish
yes almo I think it will give us a bounce a bounce back to wave iv 133.3 area
  • #21,611
  • Sep 19, 2016 1:26pm Sep 19, 2016 1:26pm
Quoting nawafasad1
{quote} yes almo I think it will give us a bounce a bounce back to wave iv 133.3 area
lets c the asian session how it will start
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,612
  • Sep 19, 2016 6:40pm Sep 19, 2016 6:40pm
Quoting Almo2312
{quote} lets c the asian session how it will start
Attention to 7.53 will spike atleast 10 pip
  • #21,613
  • Sep 19, 2016 8:14pm Sep 19, 2016 8:14pm
Holy Spirit trade must wait for tomorrow....didn't even hit 11 pips
  • #21,614
  • Sep 19, 2016 11:41pm Sep 19, 2016 11:41pm
Quoting MrsTrader
{quote} What would be an optimal long entry?
From my chart, possible turning point would be around 130.50+-
  • #21,615
  • Sep 19, 2016 11:45pm Sep 19, 2016 11:45pm
Quoting stars1985
{quote} Good for u, unfortunately for me I have some long entry from last week, i enter small lots un the downhill, my hope is gj back to 1,35 and eg back to 0,8500 let's see...
Due to possible downsize of Japan easing program, yen is up. Hence GJ is down. Due to US rate hike, GU is down. Hence, also drag down GBP.

Short term, GJ is down. However, there will be some fundamental change to market that will make GJ up. I am not sure what but technical chart tell that this pair will be up in long run.
  • #21,616
  • Sep 19, 2016 11:45pm Sep 19, 2016 11:45pm
Quoting goldgirl
{quote} Due to possible downsize of Japan easing program, yen is up. Hence GJ is down. Due to US rate hike, GU is down. Hence, also drag down GBP. Short term, GJ is down. However, there will be some fundamental change to market that will make GJ up. I am not sure what but technical chart tell that this pair will be up in long run.
You may scalp down GJ while holding long position.
  • #21,617
  • Sep 19, 2016 11:50pm Sep 19, 2016 11:50pm
Quoting Gbp/jpy
Holy Spirit trade must wait for tomorrow....didn't even hit 11 pips
Sideway until news release by tomorrow. Good for scalping now.
  • #21,618
  • Sep 19, 2016 11:59pm Sep 19, 2016 11:59pm
Quoting goldgirl
{quote} From my chart, possible turning point would be around 130.50+-
Thanks! I (unfortunately) already have some long positions as GJ was making its way down as I am of the view that GJ will go up in longer term.
Unless something unexpected comes along and completely messes that up, I am planning to hold and wait for that uphill ride.
  • #21,619
  • Sep 20, 2016 12:14am Sep 20, 2016 12:14am
wave 4 is still in progress it could go to wave iv at 133,4 a sell limit at 133.3 with sloss 133.7 for the target below the low 132.3 would be nice
  • #21,620
  • Sep 20, 2016 12:18am Sep 20, 2016 12:18am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 25 KB

shorts still on
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