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Dragon Riders GBP/JPY

  • #24,201
  • Jun 5, 2017 12:55pm Jun 5, 2017 12:55pm
riding the dragon to south will be closing this before election results.
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  • #24,202
  • Jun 5, 2017 12:57pm Jun 5, 2017 12:57pm
Quoting RondaRousey
{quote} You go long and I will go SHORT
Its supported at 142 level but it should break the support soon the trend is down so we should try avoiding longing the pair.
  • #24,203
  • Jun 5, 2017 1:00pm Jun 5, 2017 1:00pm
Definitely long; TP - 143.7; SL 141.
  • #24,204
  • Jun 5, 2017 5:19pm Jun 5, 2017 5:19pm
Quoting dragos_
{quote} If other 93 people out of 100 here will go short, I will go LONG The herd is kindly asked to decide already: Long or short?. We don't have all day.
LOL. what goes up must come down-Mr. Isaac Newton

Quoting garryv
{quote} Its supported at 142 level but it should break the support soon the trend is down so we should try avoiding longing the pair.
I think the market is indecisive and just waiting as to who will win the election.
You came here for the truth and let me unveil it for you
  • #24,205
  • Jun 5, 2017 7:37pm Jun 5, 2017 7:37pm
Quoting raphaelfx
{quote} I can't get too much into details behind the reasoning of why I think we're gonna hit 148 again, or why I take the trades that I'm taking. But just want to mention, that there's a reason and they are 100% technical analysis based. I don't take into consideration fundamentals at all. Now it doesn't mean that those reasons are guaranteed to be right. I'm not perfect, I still make mistakes and I'm constantly evolving my strategy. But just know that there's a plan. Speaking of mistakes, the top trades that you mentioned at 147 or so, were just...
Its a rare case that GJ jump 500pips in a day or 2. If so, it must be event driven. Im planning to stay out of the market prior to the election result just to protect my acc. There still long way to go and plenty of opportunities. Survival is the key. GL n cheers
Listen to the market
  • #24,206
  • Jun 5, 2017 9:25pm Jun 5, 2017 9:25pm
wife wake me up at 9:00 am , little late entry .
short then go back sleep again , wake up at 10 :15 am , nice gain.:
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..oh post to wrong location , never mind..
Exits == most important part of your strategy
  • #24,207
  • Jun 6, 2017 1:58am Jun 6, 2017 1:58am
the monthly formation is looking like a stronger bearish candle but the weekly candles look exhausted and out of steam. its a down south trip according to the traders logic but murphy's law is always at its best when trading forex. i am betting that 140.00 is the next stop in the next ten days or so.
  • #24,208
  • Jun 6, 2017 2:06am Jun 6, 2017 2:06am
Also a gap from April 21st needs to be filled. does it mean its a stronger reason for a downward drop? just my thoughts looking at this currency pair. any comments?
  • #24,209
  • Jun 6, 2017 2:59am Jun 6, 2017 2:59am
Hello everyone, hello Fx Ray,

I'd like to post time to time my entries here. I'm often trading the GBPJPY, so when it happens I will come here to participate to your debates.

Thank you for the high level of this thread.

Here is my entries from this morning, with the explanations on chart.

A nice day to all of you.
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  • #24,210
  • Jun 6, 2017 3:55am Jun 6, 2017 3:55am
Hi all
Steel holding my shorts from 143.9 targeting 140.0 like I mention it in my previous post here : https://www.forexfactory.com/showthr...86#post9941986

All the best to all
Alex
Stay GREEN my friends........
  • #24,211
  • Jun 6, 2017 10:28am Jun 6, 2017 10:28am
140 is the next short term target
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Don't Worry Be Happy
  • #24,212
  • Edited 2:06pm Jun 6, 2017 1:36pm | Edited 2:06pm
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Exits == most important part of your strategy
  • #24,213
  • Edited 8:59am Jun 7, 2017 2:09am | Edited 8:59am
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after 6 hours ?
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Exits == most important part of your strategy
  • #24,214
  • Jun 7, 2017 2:19am Jun 7, 2017 2:19am
We're going to break 140.7 and make a new low.

But be careful after that mark if you're thinking in going short. I see resume of the uptrend at any moment.

The come back to 148.00 is gonna be strong.
  • #24,215
  • Jun 7, 2017 1:43pm Jun 7, 2017 1:43pm
addon
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Exits == most important part of your strategy
  • #24,216
  • Jun 7, 2017 4:22pm Jun 7, 2017 4:22pm
whats everyones thoughts on this pair now?... I'm long, but heard people saying about a new low?... i hope good trades for all : )
  • #24,217
  • Jun 7, 2017 5:03pm Jun 7, 2017 5:03pm
Quoting ForexForex17
whats everyones thoughts on this pair now?... I'm long, but heard people saying about a new low?... i hope good trades for all : )
I'm long and expecting it to hit 148.00.

Check my Trade Explorer.
  • #24,218
  • Jun 7, 2017 7:23pm Jun 7, 2017 7:23pm
Hi Raphaelfx... thanks for the reply, i see you're trade explorer, i left you a message on it : )... hope all goes well for you pal... happy trading... : )

am currently long also ... hope the dragon is kind to us all : )
  • #24,219
  • Jun 7, 2017 7:30pm Jun 7, 2017 7:30pm
Quoting raphaelfx
We're going to break 140.7 and make a new low. But be careful after that mark if you're thinking in going short. I see resume of the uptrend at any moment. The come back to 148.00 is gonna be strong.
Maybe tomorrow we will see 140.50 with the election stuff with a decent bounce back up or if the ultimate direction is to be up expect to see 140 or 139.75(check daily and 4hr chart both synced up to NY close) before a move back up.

Or 138.75 ...
  • #24,220
  • Jun 7, 2017 7:48pm Jun 7, 2017 7:48pm
Robby's chart just sent.....
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little retest there drawn in
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