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Dragon Riders GBP/JPY

  • #22,421
  • Nov 3, 2016 5:59am Nov 3, 2016 5:59am
In 60 minute BOE rate decision and statement, possible acceleration up?
  • #22,422
  • Nov 3, 2016 6:12am Nov 3, 2016 6:12am
R3 =128.27 broken

Price = 128.37 At the time of writing this

R4= 128.66 According to "Secrets of a Pivot boss" ..
"You see, the fourth layer of the pivots is only tested 5.5 percent of the time, with closures beyond this level occurring
only 3.0 percent of the time."

Looks like a great place to sell if we get there.
Dragon Rider
  • #22,423
  • Nov 3, 2016 6:21am Nov 3, 2016 6:21am
Quoting barloc
R3 =128.27 broken Price = 128.37 At the time of writing this R4= 128.66 According to "Secrets of a Pivot boss" .. "You see, the fourth layer of the pivots is only tested 5.5 percent of the time, with closures beyond this level occurring only 3.0 percent of the time." Looks like a great place to sell if we get there.
ride the dragon i will move my S/L stop very close before the BoE report and see if it flies higher.
  • #22,424
  • Nov 3, 2016 7:05am Nov 3, 2016 7:05am
Quoting barloc
R3 =128.27 broken Price = 128.37 At the time of writing this R4= 128.66 According to "Secrets of a Pivot boss" .. "You see, the fourth layer of the pivots is only tested 5.5 percent of the time, with closures beyond this level occurring only 3.0 percent of the time." Looks like a great place to sell if we get there.
well that level just got broken ...
  • #22,425
  • Nov 3, 2016 7:09am Nov 3, 2016 7:09am
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Dragon Rider
  • #22,426
  • Nov 3, 2016 7:51am Nov 3, 2016 7:51am
Went to bed feeling great! 1 pip away from 126.47... woke up to stop out.. welcome to the Dragon....lol how the hell does that happen??? 150 pips down to trigger my hedge... then 49 more down almost to profit... the over 200 pips back up in 2 hours or so... didn't have enough to cover 2nd hedge at 10 lots lol boom
I'll pick up the crumbs don't need the whole pie
  • #22,427
  • Nov 3, 2016 8:03am Nov 3, 2016 8:03am
Quoting Quickiepip
Went to bed feeling great! 1 pip away from 126.47... woke up to stop out.. welcome to the Dragon....lol how the hell does that happen??? 150 pips down to trigger my hedge... then 49 more down almost to profit... the over 200 pips back up in 2 hours or so... didn't have enough to cover 2nd hedge at 10 lots lol boom
You shouldn't have slept considering the important news timing..
  • #22,428
  • Nov 3, 2016 8:05am Nov 3, 2016 8:05am
129.50 and it might retrace before breaking further. m30, H4, H8, and D1 are showing thumbs up for GBP/JPY and GBP/USD. D1 chart has broken channel resistance and made a confirmed bounce upward from the resistance turned support. When NFP shows even worse numbers on Friday, the Dragon might have the power to break free from the clutch of bears. However, anything can happen in ForEx market.

Trade carefully.
  • #22,429
  • Nov 3, 2016 8:14am Nov 3, 2016 8:14am
Quoting Sedate
{quote} You shouldn't have slept considering the important news timing..
blew out before news..lol at around 6am... I was watching it by phone... all night but I dozed a bit....when I realised and ran down to the computer already gone. my own fault over leveraged and the trust of dot com sites... back to the drawing board.
I'll pick up the crumbs don't need the whole pie
  • #22,430
  • Nov 3, 2016 8:59am Nov 3, 2016 8:59am
stuffed our socks....
  • #22,431
  • Nov 3, 2016 9:15am Nov 3, 2016 9:15am
Wow that was gay should have closed position prior to this stupid unreasonable move this move only shows that people are tired of selling gj not enough stamina
  • #22,432
  • Nov 3, 2016 10:02am Nov 3, 2016 10:02am
taming a fierce dragon...
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  • #22,433
  • Nov 3, 2016 10:25am Nov 3, 2016 10:25am
This is significant news. Pair fell from 150 to 129 when Brexit was confirmed, now there's a chance that Brexit might not happen so you have to think about a long position. I'm with JJ, a break of 129.30ish gets me in.
  • #22,434
  • Nov 3, 2016 11:04am Nov 3, 2016 11:04am
Quoting Overboard
This is significant news. Pair fell from 150 to 129 when Brexit was confirmed, now there's a chance that Brexit might not happen so you have to think about a long position. I'm with JJ, a break of 129.30ish gets me in.
According to historical data provided by S&P, pound depreciated 19% in 1975, 1981; in case of brexit sterling lose 15%. In next 3-6 months there will be up and down depending to media, political, data... dominated by some giants hiding somewhere. So risk in trading is very high.
  • #22,435
  • Nov 3, 2016 7:37pm Nov 3, 2016 7:37pm
Quoting Robot
Wow that was gay should have closed position prior to this stupid unreasonable move this move only shows that people are tired of selling gj not enough stamina
I'm thinking that 126.6 was a bottom to be tried one more time when it got hit....remembering decades back where that's where the up trend got serious back when it was 118.....trying to rise.....it took forever.....did it twice

so that area.....it would not stay in the 120's very long....told my client that when he went micro manage on me......

so if that level gets stomped....then 70 for this pair.....hey...maybe parity for the cable....cool
  • #22,436
  • Nov 4, 2016 12:36am Nov 4, 2016 12:36am
I still feel that this huge push up was too unnatural and will retrace back down to close the gap and then the main trend will be decided.

Just my opinion
Dragon Rider
  • #22,437
  • Nov 4, 2016 1:02am Nov 4, 2016 1:02am
I haven't thought about it....does Britain need a lower pound?? do they need parity
  • #22,438
  • Nov 4, 2016 6:51am Nov 4, 2016 6:51am
It's lost it's negative momentum. It has reached 128.70 next stop 130++ before any new run downs. I'm slowly buying my way back up
I'll pick up the crumbs don't need the whole pie
  • #22,439
  • Nov 4, 2016 7:36am Nov 4, 2016 7:36am
Lol at the NFP reaction... on previous months the NFP did some damage to the Dragon as in actual news movement.
Dragon Rider
  • #22,440
  • Nov 4, 2016 9:42am Nov 4, 2016 9:42am
129.13.....129.67
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