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Dragon Riders GBP/JPY

  • #22,841
  • Dec 15, 2016 10:12am Dec 15, 2016 10:12am
rolan49........you got it......314 or more.....

Quoting rolan49
I keep buying GBP and selling JPY are referred to its major trend and strength (as referred on the charts below). I will avoid any short entries as this may cause high risk probabilities and uncertainties. I'm a newbie and I think I should keep this as my trading rule to sustain in the business. Pls comment/advise if I need to observe proper and important rules and methods to perform better and secure my trades. Thanks in advance for any advice. Maybe I'll consider to short GBPJPY once GBP has reached to its price level of 325.370 (GBP daily chart)....
  • #22,842
  • Dec 15, 2016 10:16am Dec 15, 2016 10:16am
hey there
Quoting Windstrown
{quote} Don't know what to do here, Aud's my next pair of choice to buy but dollar's super strong. I'm staying at the sidelines for now reading the posts here to see if i learn some god info
https://2.bp.blogspot.com/-7QFVOo3dS...s320/ZBDHF.jpg

BIAS: The 0.7475 low is critical now

Resistance: 0.7507 0.7526-38 0.7555-63 0.7581

Support: 0.7475 0.7450-60 0.7430 0.7413

MAIN ANALYSIS: Yesterday took us to the "last resort" Wave -iv- between 0.7520 and 0.7563. We have an hourly bearish divergence. However, until 0.7475 breaks I am wondering whether it can push up to between 0.7526-38 (but not above 0.7563) for a break below 0.7475 that would trigger direct losses...

COUNTER ANALYSIS: A direct break below 0.7475 would signal losses. Note the 0.7430 support and lower to 0.7370-80...

Any direct break above 0.7570 would risk a move up to 0.7630-35 and perhaps 0.7658…


Good trading
Ian Copsey

Posted by
Ian Copsey at 10:47 AM
  • #22,843
  • Dec 15, 2016 10:18am Dec 15, 2016 10:18am
then, after that low.....big snap to the upside
  • #22,844
  • Edited 6:10pm Dec 15, 2016 5:52pm | Edited 6:10pm
buy goin....146.86 and .84.....

one more trading day..........Christmas....Merry Christmas. to all Peace on Earth Goodwill Toward Men
  • #22,845
  • Dec 15, 2016 6:55pm Dec 15, 2016 6:55pm
Big trade is a buy at 146.31.....go boys
  • #22,846
  • Dec 15, 2016 8:10pm Dec 15, 2016 8:10pm
got asell

sell like hail

333 sma got taken out on a second touch....USD/JPY headin down....gbp up

buy that gbp/nzd fast....buy a gbp/aud....sell a EURGBP, that pair has a long way to go down
  • #22,847
  • Dec 15, 2016 8:34pm Dec 15, 2016 8:34pm
breakin higher for 4 hours....due to the 4H limit of march.....22pips from the open of the 4H candle....it went down 17 pips or 18......that was the buy....at 146.42

the 4h started at 146.56
  • #22,848
  • Edited 9:07pm Dec 15, 2016 8:38pm | Edited 9:07pm
146.56......dang now it's stopped right at 146.77 needs just two more....ok, closed that long..it has fences at 22 pips....you believin that...ha!! make akillin off just the first reverse at 19 pips, you know it's goin right iver to the other side...doing the old 38 pip deally....so that's where that comes from HA!

.ok take me a break...a big break....watchin that sell eur/gbp....sell now or at .8255, action junkies sell at .8293
  • #22,849
  • Dec 15, 2016 9:10pm Dec 15, 2016 9:10pm
every time you see a 38 pip run, there's a candle somewhere just opened....gonna RUNNOFT to to the fences at 22 pips....either side of the open, cause it's moving somewhat in the direction of the first break of 22 pips from that opening level
  • #22,850
  • Dec 15, 2016 9:30pm Dec 15, 2016 9:30pm
Quoting Gbp/jpy
every time you see a 38 pip run, there's a candle somewhere just opened....gonna RUNNOFT to to the fences at 22 pips....either side of the open, cause it's moving somewhat in the direction of the first break of 22 pips from that opening level

Apology for my slow understanding, am new here, but does this mean that the pair will stay here in this area for a while? Or will go up as ur previous assumption?!
  • #22,851
  • Dec 15, 2016 9:30pm Dec 15, 2016 9:30pm
Quoting Gbp/jpy
every time you see a 38 pip run, there's a candle somewhere just opened....gonna RUNNOFT to to the fences at 22 pips....either side of the open, cause it's moving somewhat in the direction of the first break of 22 pips from that opening level
Attached Image
niemals aufgeben
  • #22,852
  • Dec 15, 2016 9:37pm Dec 15, 2016 9:37pm
Quoting big-loser
i thought we're all gunning for 151 ?!? (or at least 150)
According to data and recent developments, GY likely to peak of 148.48 yesterday. So think of short position to 139.
  • #22,853
  • Dec 15, 2016 9:38pm Dec 15, 2016 9:38pm
HE....HE How did get a pic of my mum trading...??

one can have an entire trading system off the dealer chart....
  • #22,854
  • Dec 15, 2016 9:38pm Dec 15, 2016 9:38pm
I shorted GBPJPY @146.755 I'm 7 pips away from hitting 1:1.
The second part I will take @ 146.309.
I hope it keeps moving down. lol
  • #22,855
  • Dec 15, 2016 10:15pm Dec 15, 2016 10:15pm
That gbpusd is just 10 pips from the low....Elliott waver....then it's goin up a bunch...perfect to sell Eurobond and buy gbpnzd when you see 1.2373....just ten pips below the low from an hour ago
  • #22,856
  • Dec 16, 2016 12:48am Dec 16, 2016 12:48am
if up maybe as high as 153.680 if down143.250

The overall bearish trend is weakening only at 10% on the monthly
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-mn1-trading-point-of.png Size: 73 KB
I'll pick up the crumbs don't need the whole pie
  • #22,857
  • Dec 16, 2016 1:34am Dec 16, 2016 1:34am
Two or three points.

I assumed the 3 4hr breaks to 146.7 were a false break above resistance.

Secondly, there is still a central TL (whatever you want to call it) running up the entire move, wherein price trades above or below it. It was hit at 148.4 (also coinciding with a downward TL from 188.5, as well as the 38% retrace of 188.5/122.5. Not to mention the weekly 55 ema).

However, it also appears to have formed a new area of interest and that has a central pivot of 146.7. Base 145.16.

Break of top meets that central TL somewhere around 150, going on recent speed of uptrend. An accelerated uptrend though, could break over it around 149 and over about 152 it really doesn't matter anymore.
  • #22,858
  • Dec 16, 2016 1:51am Dec 16, 2016 1:51am
bagged a couple of intraday trades here in the last 2 days. waiting to enter on the short side. keeping a watch on 147.60-65
  • #22,859
  • Dec 16, 2016 3:06am Dec 16, 2016 3:06am
Although all logic is out the door if it starts to run a head and shoulders type regime.
  • #22,860
  • Dec 16, 2016 7:01am Dec 16, 2016 7:01am
Quoting Gobbz
{quote} Apology for my slow understanding, am new here, but does this mean that the pair will stay here in this area for a while? Or will go up as ur previous assumption?!
Hey Gobbz/....it hops then retraces like a madman.......it won't stay steady......buy small....hold and don't think in front of the screen.....think while driving or in the shower.......downturn is in the cards.......be ready for 121........it's that short.term......usdjpy is at the top of its channel so.....114 is the bottom
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