Dragon Riders GBP/JPY

Very choppy range the last few days, but the bulls have been winning with this move upwards by this instrument. Have a look...

No idea where it is going, if trading, going to do break out N or S , trailing last night's high from news close by.

sell time target 129

buy limit good for 15 minutes at 131.765

^^ What a ugly entry that turned out to be, out at -10 pips, weekly goal sitll met so....

Yup. But UJ may retreat today.

Price is either at low of today and will rally 150 pips ...or price will drop 100 pips.. cant tell yet.

Edit..The time window for a drop is fading, NY will probably push price higher. zzzz

Price is trapped in a narrow range of 50 pips. 132 - 131.50~

Price has to break convincingly to jump on board.

Now price has got a bit more interesting.

yep, 131.friggin 57 agin'....ya gotta love that rain....here it comes , movin in again ,,,,,the mountains win again...

GBPJPY - Crocodile Smile

Straight forward pips has not been forth coming in this pair for sometime now, the negative signals so far have performed below par and far from convincing. Bullish signals are gradually developing but adequate confirmation is eagerly being sought after atm.

I take buy position now at 131.47, [email protected] 130.40, TP1 132.91. Will watching behavior, rhythm and blues to clear up what particular structure this pair would take to determine if more positions should be opened for the long haul TPs or early TP @132.50.

added one more long @131.25, tp 131.90 on this one, sl @131.03, probably last day of the day, will see...

If it's over 50, it means that the sector is expanding. If they're already anticipating an expansion, and the news release is close to what they anticipated, expect nothing. Britain's financial sector is corrupt as all hell. They already know the news release well before it happens. Same thing applies if it is below 50.

The only time the market actually responds to a single, major PMI release, is if it's greatly above or below expectations.

That 600+ pip drop :o

1000 Pips :o

Wtf just happened????

What happent?
I lost a 1000+ in 5sec????????
what a hell happent?

ehhhhhh.... ?

looking good