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Dragon Riders GBP/JPY

  • #23,001
  • Jan 17, 2017 6:25am Jan 17, 2017 6:25am
closed mine too , it might close the gap but i'm happy with my return
  • #23,002
  • Jan 17, 2017 6:59am Jan 17, 2017 6:59am
I'm bad at holding positions... that poundyen buy though RIP!

I had TP @ 139.300 too!
Attached Image
  • #23,003
  • Jan 17, 2017 8:03am Jan 17, 2017 8:03am
Quoting Noors
I'm bad at holding positions... that poundyen buy though RIP! I had TP @ 139.300 too! {image}
Read about 'patience'
Trade what you see, not what you think.
  • #23,004
  • Jan 17, 2017 8:43am Jan 17, 2017 8:43am
aww shucks
no plunge on this
maybe now that the gap has been filled... perhaps a plunge ?
  • #23,005
  • Jan 17, 2017 8:58am Jan 17, 2017 8:58am
Quoting big-loser
aww shucks no plunge on this maybe now that the gap has been filled... perhaps a plunge ?
All the GBP hype in the news seems to be over for now, if it falls down or goes up, either way it should be slow and gradual in my opinion
HMSR
  • #23,006
  • Edited 9:36am Jan 17, 2017 9:06am | Edited 9:36am
With USDJPY getting closer to a strong support I think GBPJPY's correction was finished and we are heading toward 148 now...
There's no harm in being smtm wrong especially if one is promptly found out
  • #23,007
  • Jan 17, 2017 10:26am Jan 17, 2017 10:26am
short 139.95
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  • #23,008
  • Jan 17, 2017 4:37pm Jan 17, 2017 4:37pm
Hello guys i'm new on Forex factory, and it's my first post.
1) What do you think of this trade setup guys ?
2) Do you think GBP will strengthen further since Teresa May has spoken or it is just one big candlestick and finish ?

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Click to Enlarge Name: GBPJPYDaily 3.png Size: 56 KB
  • #23,009
  • Jan 17, 2017 5:51pm Jan 17, 2017 5:51pm
Hey new member....crap dude...you are a natural at this.......I swear there boyee

, hail man dang proud to meet ya!
Quoting Marc05
Hello guys i'm new on Forex factory, and it's my first post. 1) What do you think of this trade setup guys ? 2) Do you think GBP will strengthen further since Teresa May has spoken or it is just one big candlestick and finish ? {image}
  • #23,010
  • Edited 6:05pm Jan 17, 2017 5:54pm | Edited 6:05pm
Ok...I just read this page and saw nobody read my year end reversal post..

big mistake dang,,,,it was telegraphed three months ago.....yup, that's why they call me......tater salad,.....

now, all the GBP pairs are up three and a half figures.....or two fifty at least.....let's jump in the jockstrap with pair and get in on the fun.

How to to spot the whip saws......five minutes ahead.

It's the five minute chart running a slo sto at 34, 3, 3........look for a second bump in the big sessions and the first bump in Asia.

you know....a bump to the extreme....high or low
  • #23,011
  • Jan 17, 2017 10:09pm Jan 17, 2017 10:09pm
Remains in the daily ichimoku cloud. Might be an uptrend (having bounced off the whole correction mid point), but still needs to make new highs and in any case start moving over 141 and 142.5. (to break 143)

Loss about 139/138.5 suggests correction back to 136 ish - but might bounce from there again to somewhere higher (later).

Still hard to forget that the drop in March 2011 to 122x only got to 140. Here we are back at 140.
  • #23,012
  • Jan 17, 2017 11:22pm Jan 17, 2017 11:22pm
Excellent recap.....needed that actually....cool

quote=Mpt;9450745]Remains in the daily ichimoku cloud. Might be an uptrend (having bounced off the whole correction mid point), but still needs to make new highs and in any case start moving over 141 and 142.5. (to break 143) Loss about 139/138.5 suggests correction back to 136 ish - but might bounce from there again to somewhere higher (later). Still hard to forget that the drop in March 2011 to 122x only got to 140. Here we are back at 140.[/quote]
  • #23,013
  • Jan 17, 2017 11:36pm Jan 17, 2017 11:36pm
Quoting Gbp/jpy
Excellent recap.....needed that actually....cool quote=Mpt;9450745]Remains in the daily ichimoku cloud. Might be an uptrend (having bounced off the whole correction mid point), but still needs to make new highs and in any case start moving over 141 and 142.5. (to break 143) Loss about 139/138.5 suggests correction back to 136 ish - but might bounce from there again to somewhere higher (later). Still hard to forget that the drop in March 2011 to 122x only got to 140. Here we are back at 140.
[/quote]

It's actually called fence sitting
  • #23,014
  • Jan 18, 2017 12:18am Jan 18, 2017 12:18am
That buy on the year end for gbp/xx....I bought gbp with that GbpNzd.....killin it bad....he....he

still time to set a buy and hold,....like with a 5M slo sto
  • #23,015
  • Jan 18, 2017 4:24am Jan 18, 2017 4:24am
Most traders are talking about an uptrend, while it may be not the time yet, first of all monthly chart MACD and CCI are still bearish, while brexit effects are not finished yet, any thoughts guys?
  • #23,016
  • Jan 18, 2017 5:23am Jan 18, 2017 5:23am
I think we should not wait for the macd and other indicators to be bullish, but rather enter the earliest possible when bulls show a sign of taking control, and for me this signal above (my screenshot) is a sign that bulls have taken control. I think price action gives the best entries, but of course there's not always satisfacting price action signals. (i'm not a pro.)
  • #23,017
  • Jan 18, 2017 5:40am Jan 18, 2017 5:40am
Quoting Marc05
I think we should not wait for the macd and other indicators to be bullish, but rather enter the earliest possible when bulls show a sign of taking control, and for me this signal above (my screenshot) is a sign that bulls have taken control. I think price action gives the best entries, but of course there's not always satisfacting price action signals. (i'm not a pro.)
I am also not a pro dude anyway its a continuous learning process, even great traders like soros for instance got it wrong sometimes. But when you see the higher timeframes it may seem like a short term reversal, while it can also be tricky and be a new bullish trend as you suggested, only time can tell, thanks mate
  • #23,018
  • Jan 18, 2017 6:17am Jan 18, 2017 6:17am
FWIW, under about 1.225 is where GU possibly goes non-bullish and 1.22 counts it out.
  • #23,019
  • Jan 18, 2017 9:17am Jan 18, 2017 9:17am
Quoting Yousefse
Most traders are talking about an uptrend, while it may be not the time yet, first of all monthly chart MACD and CCI are still bearish, while brexit effects are not finished yet, any thoughts guys?
MA 10 and Parabolic in daly chart still pointing South. Until they change, I will be looking for shorts in 1H or 30M



..
  • #23,020
  • Jan 18, 2017 11:03am Jan 18, 2017 11:03am
Looking to add shorts below 139. Probably have to break 142 to get me to go long...
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