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Dragon Riders GBP/JPY

  • #22,861
  • Dec 16, 2016 7:04am Dec 16, 2016 7:04am
Oh....last trading day till it shuts down.....and can have wild swings....Gobbz....it still does well on short term....one can do all good trades....no big lot allocations
  • #22,862
  • Dec 16, 2016 7:09am Dec 16, 2016 7:09am
For a payday maybe euchf sell or audchf sell......nzd sell or Eurogbp sell

the reason is to get away from the jpy when the going gets detailed....because....get this ?Gold prices in usd or yen have a steering effect on the global market.....a secret now ya know...it's the price of gold
  • #22,863
  • Dec 16, 2016 8:34am Dec 16, 2016 8:34am
looks like we are just going to bounce between the two major levels of 146.60 and 148.25 no gas in the tank today for any big moves... limbo friday
I'll pick up the crumbs don't need the whole pie
  • #22,864
  • Dec 18, 2016 3:58pm Dec 18, 2016 3:58pm
huge sell....gbp usd too with a small stop enen....it shoudn't go above 1.2555

and sell that GBP/NZD please....till Tuesday when ya buy again.....at the Global Dairy Dealings noon in London
  • #22,865
  • Dec 18, 2016 4:35pm Dec 18, 2016 4:35pm
Quoting Gbp/jpy
huge sell....gbp usd too with a small stop enen....it shoudn't go above 1.2555 and sell that GBP/NZD please....till Tuesday when ya buy again.....at the Global Dairy Dealings noon in London
No sell yet, at least for me. Still in long mode. Probably will drop a little to resume. Will see in 3 hours.
  • #22,866
  • Dec 18, 2016 11:07pm Dec 18, 2016 11:07pm
Hey there....that cable has a top of 2514, Elliott wavers said....IDK....I was goin off that...yep we see here in a few
  • #22,867
  • Dec 19, 2016 2:44am Dec 19, 2016 2:44am
My Cable chart shows a Fib-62% at 1,2531, but there is a significant RES @ 2500 at present.

Thank you for your consistent posting - I would love to share with you guys as well.

G/J to me is also sitting against a RES level at 146,58 while the UK100 is heading down to 7000, but may bounce at close of this hour.

Continued success to you all.
Hercs
  • #22,868
  • Dec 19, 2016 3:59am Dec 19, 2016 3:59am
glad that my positioning for sell since a few days worked out by today with another intraday short trade from 146.80 for 30 pips. would be on sidelines for now on this pair. but my next interest in GJ would be to go long if it reaches 145 and takes good support there. Else, a decent drop to trade below that.
  • #22,869
  • Dec 19, 2016 4:12am Dec 19, 2016 4:12am
short here for like 250+ pips, then long before 161.8, green box is buy zone for ride back up to 150.00 then short
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  • #22,870
  • Dec 19, 2016 6:29am Dec 19, 2016 6:29am
For what its worth, I was finally able to take the sell position I wanted and anticipate price eventually bottoming out at around 130 (February?).
I was a bit late getting in the trade this morning.......
Happy Christmas to all.
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  • #22,871
  • Dec 19, 2016 9:50am Dec 19, 2016 9:50am
time to start scaling in soon for those longs, hold onto those shorts until we at least get a bounce up lower, but nothing wrong with adding a little .01L as a teaser. the green zone obviously fatten up those lot sizes. stops way down though so maybe not too fat, adjust according to your risk rules.
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  • #22,872
  • Dec 19, 2016 11:20am Dec 19, 2016 11:20am
what are you all dead today or busy hammering EUR/USD short in this tight range?
  • #22,873
  • Dec 19, 2016 11:21am Dec 19, 2016 11:21am
ok then meanwhile while you are waiting to get long gj start hammering some EU shorts off of 1.0450
  • #22,874
  • Dec 19, 2016 11:23am Dec 19, 2016 11:23am
its going to be a great week of trading with all the banks partying all week long LOL, Monday seems to be a holiday in the USA?
Somebody is going to have to supply the liquidity while they are drinking
  • #22,875
  • Dec 19, 2016 12:12pm Dec 19, 2016 12:12pm
Thinking that this has been one big rising correction since 138.6 revisited from 141/141.5 . That suggests a correction height of exactly 1000 pips, further suggesting (using Fibonacci multipliers) that target for any decent move up over 148.5/150 may be 152.7/ 156.8/161.5 - the latter just happens to be the entire structure's central pivot.

All assuming that it does reclaim back over 148
  • #22,876
  • Dec 19, 2016 12:59pm Dec 19, 2016 12:59pm
Quoting Mpt
Thinking that this has been one big rising correction since 138.6 revisited from 141/141.5 . That suggests a correction height of exactly 1000 pips, further suggesting (using Fibonacci multipliers) that target for any decent move up over 148.5/150 may be 152.7/ 156.8/161.5 - the latter just happens to be the entire structure's central pivot. All assuming that it does reclaim back over 148
148 is pretty much a sure thing, its just a matter of when. certainly it can continue on up after 150.0 but everyone will be short there so it sure wont blow through the first time.

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  • #22,877
  • Dec 19, 2016 1:31pm Dec 19, 2016 1:31pm
Quoting Mpt
Thinking that this has been one big rising correction since 138.6 revisited from 141/141.5 . That suggests a correction height of exactly 1000 pips, further suggesting (using Fibonacci multipliers) that target for any decent move up over 148.5/150 may be 152.7/ 156.8/161.5 - the latter just happens to be the entire structure's central pivot. All assuming that it does reclaim back over 148
This statement is right on my money...Just a waiting game.
I'll pick up the crumbs don't need the whole pie
  • #22,878
  • Dec 19, 2016 1:38pm Dec 19, 2016 1:38pm
Day trade Buy order 50k tp 1,0451
  • #22,879
  • Edited 9:03pm Dec 19, 2016 6:49pm | Edited 9:03pm
selling 145.16......

usd jpy also....looking for under 114 on that pair....if ya don't know what wave we're in....it's probably wave 4....down...later top out at 121.00
  • #22,880
  • Dec 19, 2016 7:41pm Dec 19, 2016 7:41pm
Well we failed at 148.50 increasing the chance for a bearish correction. 145.30 was breached a number of times today also which is the initial support against the bears. The stoch has settled below 50 also increase the chance for a bearish move. If we don't break 148.50 to cancel the bearish move...look for lower lows
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I'll pick up the crumbs don't need the whole pie
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