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Dragon Riders GBP/JPY

  • #22,441
  • Nov 4, 2016 9:45am Nov 4, 2016 9:45am
Some more bears taking out their long term profits before weekend?
Hopefully they will continue doing that throughout next week...
  • #22,442
  • Nov 5, 2016 10:17am Nov 5, 2016 10:17am
Quoting IndigoPingvi
' Oct 11, 2016 8:57: Yesterday' was an inside bar. Take into account a probable play out of today as a False break South. I still think we need to see a test of Triangle at 129.5 area.
My wish finally got true, We got a freaking test of a freaking Triangle.
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  • #22,443
  • Nov 6, 2016 10:35am Nov 6, 2016 10:35am
Can you guys tell me that How does the US presidential election affect to GBP and the other currencies ? what will you guys predict the trend of market for next week? thanks so much
  • #22,444
  • Nov 6, 2016 3:34pm Nov 6, 2016 3:34pm
almost trading at 130.00 right now... I wonder what it's going to be at the open in 30 mins....
I'll pick up the crumbs don't need the whole pie
  • #22,445
  • Nov 6, 2016 4:18pm Nov 6, 2016 4:18pm
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
how frustrating. Perhaps try the George Costanza method. "If everything I do is wrong, I'll just always do the opposite". Lol.

Perhaps you could try your strategy on a higher timeframe
  • #22,446
  • Nov 6, 2016 4:36pm Nov 6, 2016 4:36pm
Quoting thien
Can you guys tell me that How does the US presidential election affect to GBP and the other currencies ? what will you guys predict the trend of market for next week? thanks so much
U.S. FED interest rate likely to finally increase, regardless of whoch candidate wins. Zerohedge article today suggests they have been keeping it low to support Hillary pre-election. After the election, there is no reason to continue suppressing the rate. If Trump wins, it will likely go up as well.

Personally, I believe the fear about Trump affecting the market is unjustified, much like the scare tactic to try to get British voters to vote "BRemain".

I rely on indicators over fundamentals. That's my style. My oracle tells me this week is go long. Hopefully there won't be a major spike on Nov. 8, like Brexit day, but I don't know. I think Election Day in the U.S. isn't a bank day off, but it is a Federal Holiday? If that is true hopefully the market won't get chaotic. I haven't been trading long enough to have gone through another election.
  • #22,447
  • Nov 6, 2016 4:40pm Nov 6, 2016 4:40pm
Quoting Grandcross
{quote} how frustrating. Perhaps try the George Costanza method. "If everything I do is wrong, I'll just always do the opposite". Lol. Perhaps you could try your strategy on a higher timeframe
4H.. good strat just got greedy and over leveraged.. staked 3 trades should have cut tp in thirds.. but yanno...lol
I'll pick up the crumbs don't need the whole pie
  • #22,448
  • Nov 6, 2016 5:09pm Nov 6, 2016 5:09pm
Quoting Quickiepip
{quote} 4H.. good strat just got greedy and over leveraged.. staked 3 trades should have cut tp in thirds.. but yanno...lol

I have been guilty of this greed and over leverage that you talk about lol..a couple of small accounts have evaporated in the past.


You live and learn.
Dragon Rider
  • #22,449
  • Nov 6, 2016 6:10pm Nov 6, 2016 6:10pm
Quoting barloc
{quote} I have been guilty of this greed and over leverage that you talk about lol..a couple of small accounts have evaporated in the past. You live and learn.
who doesnt know the feeling. sometimes i overleverage too. but then i get my senses back and put a tight stoploss or hedge the stuff... thank god didnt blow any account yet
  • #22,450
  • Nov 6, 2016 11:24pm Nov 6, 2016 11:24pm
This currency has been running so nice... I wish I started trading it sooner... it's been straight down since the middle of 2015... still very bearish but I'll be here for what ever it brings.
I'll pick up the crumbs don't need the whole pie
  • #22,451
  • Nov 6, 2016 11:25pm Nov 6, 2016 11:25pm
Quoting Quickiepip
This currency has been running so nice... I wish I started trading it sooner... it's been straight down since the middle of 2015... still very bearish but I'll be here for what ever it brings.
youre on the bearish side ?
  • #22,452
  • Edited 2:26am Nov 7, 2016 1:47am | Edited 2:26am
If it breaks the top, I'll take it as bullish to 131 and maybe well above. Otherwise, a large expanding triangle, being a very old GJ favourite that we really haven't seen for some years. Such a formation would retest back into about 123. Centre being circa 127
  • #22,453
  • Nov 7, 2016 2:27am Nov 7, 2016 2:27am
Quoting Grandcross
{quote} U.S. FED interest rate likely to finally increase, regardless of whoch candidate wins. Zerohedge article today suggests they have been keeping it low to support Hillary pre-election. After the election, there is no reason to continue suppressing the rate. If Trump wins, it will likely go up as well. Personally, I believe the fear about Trump affecting the market is unjustified, much like the scare tactic to try to get British voters to vote "BRemain". I rely on indicators over fundamentals. That's my style. My oracle tells me this week is...
U gat an oracle? Wow, why did ur oracle choose long?
  • #22,454
  • Nov 7, 2016 8:07am Nov 7, 2016 8:07am
If Trump wins, probably FED will rise interest rates to somehow mitigate the massive sell of the US currency. If Hillay wins, dollar will climb and in one or 2 weeks, business as usual.

The dragon will react too. Be aware for oportunity.
  • #22,455
  • Nov 7, 2016 8:20am Nov 7, 2016 8:20am
Quoting bigboss
If Trump wins, probably FED will rise interest rates to somehow mitigate the massive sell of the US currency. If Hillay wins, dollar will climb and in one or 2 weeks, business as usual. The dragon will react too. Be aware for oportunity.
Hey bb, any ideas where the reaction might go in each of the described cases?
  • #22,456
  • Nov 7, 2016 12:51pm Nov 7, 2016 12:51pm
Quoting TraderTobi
{quote} youre on the bearish side ?
no.. trying to head upstream... although I can see it running down to lower targets like 124.50 and 120.00 From the daily chart it look like it might make a move to the upside. It could be as high at 132.XX or highrer before it rains any further down. Even with the millions and millions of indicators and websites... you never can tell lol
I'll pick up the crumbs don't need the whole pie
  • #22,457
  • Nov 7, 2016 5:32pm Nov 7, 2016 5:32pm
Quoting Grandcross
{quote} U.S. FED interest rate likely to finally increase, regardless of whoch candidate wins. Zerohedge article today suggests they have been keeping it low to support Hillary pre-election. After the election, there is no reason to continue suppressing the rate. If Trump wins, it will likely go up as well. Personally, I believe the fear about Trump affecting the market is unjustified, much like the scare tactic to try to get British voters to vote "BRemain". I rely on indicators over fundamentals. That's my style. My oracle tells me this week is...
Unjustified as the Brexit....????....
Emmmmm.... have you see how now is the GBP currency...??... So dangerous, that Brits donīt dare to ask for the implementation of the art. 50 of the EU funding rules. That means that they remain "de facto" in the EU, because if they formally leave, Kabooomm..!!!.. game over for England economy.

If you think is "unjustified", think again.




.
  • #22,458
  • Nov 7, 2016 5:39pm Nov 7, 2016 5:39pm
Quoting bshappens
{quote} Hey bb, any ideas where the reaction might go in each of the described cases?
--- If Trump wins, there will be an instant massive sell and unstability will last for a couple OF MONTHS. Short after that, probably FED will rise interests in large percentage to mitigate the massive sell.

--- If Hillary wins, there will be a good buy, but not very spectacular. IF FED decide to rise interest, will do it in a very little percentage.
  • #22,459
  • Nov 7, 2016 6:13pm Nov 7, 2016 6:13pm
Quoting bigboss
{quote} --- If Trump wins, there will be an instant massive sell and unstability will last for a couple OF MONTHS. Short after that, probably FED will rise interests in large percentage to mitigate the massive sell. --- If Hillary wins, there will be a good buy, but not very spectacular. IF FED decide to rise interest, will do it in a very little percentage.
Of course, that scenario is valid for the US coupled pairs. In the spcific GBPJPY pair, I think both countries are US partners, but GB economy is more inter-dependant of US. So, if Trump win will be a SELL, and if Hillary wins will be a BUY too. Movment will be strong, but not as strong as the US coupled pairs.

Biger movment in the pair will be if FED decide to rise interest rates in a strong percentage (wich is probably after the Trumpīs win scenario).

That is my analysis.
  • #22,460
  • Nov 7, 2016 6:41pm Nov 7, 2016 6:41pm
Today was pretty flat... Bigboss you have a point.
I'll pick up the crumbs don't need the whole pie
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