Dragon Riders GBP/JPY

I went long at 139.2
Not seeing any change in direction atm

Hitting long term circular trend on daily (going back to mid June). At top of 4 hr and daily channel. At top of daily ichimoku cloud. 50% retrace cf 145.3/ 136.4. Daily 200 sma and daily gann sit at 141 and 141.1 respectively.. You break this area and in the short/medium term, you're up (to who knows where)

Nicely done. I closed my two positions at 139.34, haven't got any longs at the moment.

Excellent.....I gotta go have a look...I like that....Gann arcs or fan?

thanks for the legwork there....

suppose to retrace to 142.50... any comments?

Still holding my long at 139.2. Still no change in direction.

My bias on gbpjpy is bearish.

The surge touches 142.17 resistance. Overall outlook is still bearish based on daily chart, unless it break decisively this resistance level. Anyway Im holding my short position @ 141.75 with SL 142.30. Today market might be volatile during the Trump speech. Cheers

Should it fail around here, it runs pretty much a H&S structure. The thing that this structure has in common with a h/s is that a h/s usually doesn't make sense either.

It bounced from essentially the mid point of the correction thus far. Thing is that a h/s break of the low (maybe take a while if at all) normally targets at least the height to date, sometimes a multiple of 1.618. That's around 115, which I suggested here before.

I want see 143.771 .

what are you guys saying on gbpjpy now?... new to trading thanks..

Hey,there...switch over to the AudJpy ....going long.....
till that gbpjpy beats a path above ......say......150.37/77, anywhere in there

the reasoning is it will pump more money in a way that has no surprises.....

look at its chart and see if it's a wave 5 to the top.......eleven percent a day when ya see what it does every session

a pump up in Asia is a short term move so take the pips when yas see em ....they'll retrace in two hours so bank it.....
then wait two hours before entering again.....or better yet this@.

play only the first burst of the sessions.....the market operators pump this thing, by little bits.....advancing overall only twenty pips each traction, so to speak.. but the retraces are so predictable man.....so I close out each session.....leave a small lot allocation.......cause it won't go low to to a new extreme.

then when the start of a new session nears......get this now, you'll love it......load up as it tries to project an image that it is gonna fall big time, it never does

money pumper


the retrace is your friend, my brother. With this pair.....that's why I switch over till the market goes medium term bullish normal....or bullish volatile



,.

looks like a sizable 100 pip gap for open... I hate these hours before trading opens where a selected few can get to position themselves before the actual open. This is the most scammish part about forex trading lol

How can you tell?

Also bull or bear?

I follow open on Sunday from my phone was as low as 141.10 but up now 141.46 so maybe one 30 pip gap... last weeks gap was a killer

Check here: http://www.xe.com/

Yup...like a buy the hail out of it right now.....86.22....ready to add more in an hour.....then it's all Tokyo session ......close out before lunch is over in Tokyo....three hours..... or two if decorum dictates such.....25 pips profit or 50........all it does in Tokyo Asia sessions

Buy?