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Dragon Riders GBP/JPY

  • #22,681
  • Dec 5, 2016 11:03am Dec 5, 2016 11:03am
200 ema crossing the 50 is the same as that 333 sma intersecting the price bars

it's funner to see that.....15M only, Huh!!

we should have all our charts running that line.....whatcha think, like when it's 150 pips away...looky out for a precise touch and reverse the livin' hail out of it....
  • #22,682
  • Dec 5, 2016 11:24am Dec 5, 2016 11:24am
Quoting Gigant
nice downtrend scalp some pips {image}
update profit
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+
  • #22,683
  • Dec 5, 2016 11:46am Dec 5, 2016 11:46am
#GBPJPY - One more down move is still expected. Bearish Divergence. We are staying sell on rallies.
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SpotPip - we SPOT, you PIP
  • #22,684
  • Dec 5, 2016 12:03pm Dec 5, 2016 12:03pm
hedge trade activated... can't believe it's already down 150 pips.
I'll pick up the crumbs don't need the whole pie
  • #22,685
  • Dec 5, 2016 12:08pm Dec 5, 2016 12:08pm
Quickiepip - Where you shooting for? 148?

Spotpip - What makes you think we are going to see another down trend?
  • #22,686
  • Dec 5, 2016 12:22pm Dec 5, 2016 12:22pm
Quoting Benjy
Quickiepip - Where you shooting for? 148? Spotpip - What makes you think we are going to see another down trend?
It will go to 148... might dip to 142.56...
I'll pick up the crumbs don't need the whole pie
  • #22,687
  • Dec 5, 2016 5:16pm Dec 5, 2016 5:16pm
Road to 147.00 to 150.60 if the bullish candle remain 143.70.....if GJ closed with solid bearish candle below 143.00 then I believe GJ will going to south....there is a lot strong support along the way to south....
  • #22,688
  • Dec 6, 2016 1:50am Dec 6, 2016 1:50am
In a descending/ascending wedge format, wave 4 MUST trade into the wave 1 area. Wave 1 low being 145.35. Accordingly, the wave 4 argument still has merit. Until it's proven totally wrong
  • #22,689
  • Dec 6, 2016 1:54am Dec 6, 2016 1:54am
Quoting Benjy
Quickiepip - Where you shooting for? 148? Spotpip - What makes you think we are going to see another down trend?

We have completed 4th Wave.. and going down for the 5th Wave.. As shown in our charts.

Pound is due to weaken further as well, which in relate move GBPJPY to the South.
SpotPip - we SPOT, you PIP
  • #22,690
  • Dec 6, 2016 2:07am Dec 6, 2016 2:07am
Quoting PayTheLimit
couple of spots I might look for longs this week... {image}
the 141.20/30 area sure seems like an interesting spot, off the market now, but surely in range this week....
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Look Sharp/Trade Tight
  • #22,691
  • Dec 6, 2016 3:53am Dec 6, 2016 3:53am
price bouncing at Kijun Sen
My last week trade still intact.
Kumo showing bullish still in play.
Could the price b/o happen on NY session?

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Let Market Tell You
  • #22,692
  • Dec 6, 2016 5:00am Dec 6, 2016 5:00am
Spotpip - Thank you for that, perhaps someone could point me in the right direction of perhaps a decent article to read on wave form trading? I currently only ever trade fundamentals or fib / volume indicators. You all seem to be talking about the wave forms would just be nice to have that understanding. Cheers Ben
  • #22,693
  • Dec 6, 2016 7:32am Dec 6, 2016 7:32am
The price moves down to point 143.733. And if the dragon is strong enough, he will continue to pull price to the support line. Or the dragon want to fly up and he will move to a point 146.060.
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  • #22,694
  • Dec 6, 2016 7:47am Dec 6, 2016 7:47am
We are currently sitting on the 100.0 fib line... Price can head back down to 142.705 or up to 148.752. So far I've already put in play my first hedge short.... if it goes down great if not second hedge is ready to the top side. Any which way I'm good it just has to move!!!!
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I'll pick up the crumbs don't need the whole pie
  • #22,695
  • Dec 6, 2016 9:30am Dec 6, 2016 9:30am
#GBPJPY further analysis still indicates a bigger drop is building. #GBP weakness getting ready.
Attached Image (click to enlarge)
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SpotPip - we SPOT, you PIP
  • #22,696
  • Dec 6, 2016 9:52am Dec 6, 2016 9:52am
Interesting read in the UK press this morning as the FCA states that 82% of retail traders lose money on spread betting accounts. I'd always thought it was high but this was the first time I'd seen an informed figure by a reputable authority.
http://www.telegraph.co.uk/business/...tighten-rules/
Some years I'm part of the 18%, others the 82!
Holding long from 129.30 and hoping this wave talk is wrong.
  • #22,697
  • Dec 6, 2016 10:04am Dec 6, 2016 10:04am
well, i have all sells now ...it wouldn't break 145 50 so....one play could hit 146.63 but....the time clocking for N Y is wrong for that, unless it's some super slow crawl up....

i have dollar crumbling through December
  • #22,698
  • Dec 6, 2016 2:26pm Dec 6, 2016 2:26pm
This is just sideways ranging because the stochastic surpass to the overbought level which increases chances for testing lower support levels before build momentum to reach target 148.20... I could be wrong but we aren't going to see 129 or less before the end of this year. Yes the pound is weak but the yen is weaker...this ain't GBPUSD... I'll be buying the dips...lol
I'll pick up the crumbs don't need the whole pie
  • #22,699
  • Dec 6, 2016 2:38pm Dec 6, 2016 2:38pm
Quoting Quickiepip
This is just sideways ranging because the stochastic surpass to the overbought level which increases chances for testing lower support levels before build momentum to reach target 148.20... I could be wrong but we aren't going to see 129 or less before the end of this year. Yes the pound is weak but the yen is weaker...this ain't GBPUSD... I'll be buying the dips...lol
I'm with you man, looking at the big picture on the charts both GBPJPY and USDJPY, everything still points upwards for me, this is just my humble opinion. Especially on USDJPY there is major trendline support that it has been respecting for weeks and I think there is still unfinished business at 115. I think people are underestimating just how severely Trump's election is going to shake up the global fundamentals. We've been goin up, up, up and an object in motion stays in motion until acted upon by an outside force. Outside of standard corrections to the impulse moves I don't think there is anything that fundamentally warrants a reversal or discontinuation of these upward moves. The trend is your friend.

P.S. I'm probably wrong, but that's my gut feeling
niemals aufgeben
  • #22,700
  • Dec 6, 2016 4:28pm Dec 6, 2016 4:28pm
Let's not forget past December performances of the Pound. I think the path of least resistance for both, GJ and UJ, point to a corrective downmove, if the run from 138 odd is to lead to much higher ground going into H1 CY17.

On my H1 and H4 GJ chart, the ascending trendline of this run from 138 was broken yesterday, after multiple tests since start of this week. So am cautious on this pair for now.
So am positioned short in this pair at the moment, expecting a drop to previous B/o levels around lower 142's.
A full retracement till sub 140? Will keep at least 1 lot running for that to see if I'm lucky
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