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Dragon Riders GBP/JPY

  • #24,221
  • Jun 7, 2017 9:27pm Jun 7, 2017 9:27pm
Wait and see the outcome of the election. Political risk is out of see!
  • #24,222
  • Edited Jun 8, 2017 12:02am Jun 7, 2017 10:12pm | Edited Jun 8, 2017 12:02am
If M15 now go below previous bar low , trial short with tight stop loss.
142.315 as the divider
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do you see the point.
Exits == most important part of your strategy
  • #24,223
  • Jun 8, 2017 3:28am Jun 8, 2017 3:28am
GBPJPY - my range for today 141,45 - 143,40

Good Luck
  • #24,224
  • Jun 8, 2017 1:50pm Jun 8, 2017 1:50pm
Big day, but real quiet in here...lol I'm targeting 140.50 or 144.05.... I'm on my 3rd recovery trade if it goes up I hope it goes directly to 144.05 if it goes down I'm praying for at least 140.05 I trade from the daily and right now it's under the 200 EMA down seems more likely I hope. 2 more hours to go, Good luck!!! I need some..lol
I'll pick up the crumbs don't need the whole pie
  • #24,225
  • Jun 8, 2017 4:18pm Jun 8, 2017 4:18pm
300 pip down move for the GBP/JPY, Soros is up to something or what?
Hope you guys are on the right side of the market...
  • #24,226
  • Jun 8, 2017 4:26pm Jun 8, 2017 4:26pm
I was on the wrong side of the move 100 pips loss on my side....its okay part of trading!
  • #24,227
  • Jun 8, 2017 4:51pm Jun 8, 2017 4:51pm
The monster just unleashed itself . 200 pip plus drop , Keep on the righ side or die in the grave. hung parliament gitters. I recall last bre-exit 1000 pop drop so take care
  • #24,228
  • Jun 8, 2017 4:55pm Jun 8, 2017 4:55pm
Quoting Mr Breakout
300 pip down move for the GBP/JPY, Soros is up to something or what? Hope you guys are on the right side of the market...
Yes thank the Lord!!! More people where calling for 148.00 than 140.00 I always trade with a reversal plan... but I was running out of lots and bank, so I'm happy it made this one big move.
I'll pick up the crumbs don't need the whole pie
  • #24,229
  • Jun 8, 2017 5:57pm Jun 8, 2017 5:57pm
... I didnt trade today, because parliament elections. Since Brexit, UK in elections has show to be unpredictable.
Will wait for a clear trend to ride and grab some pips. Beware..----



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  • #24,230
  • Edited 6:33pm Jun 8, 2017 6:05pm | Edited 6:33pm
short 141 covered , this could do anything
137 not out of the question here
  • #24,231
  • Jun 9, 2017 12:15am Jun 9, 2017 12:15am
Quoting Pip-Miner
The monster just unleashed itself . 200 pip plus drop
I made a bundle on that down move, thanks God
  • #24,232
  • Jun 9, 2017 6:56am Jun 9, 2017 6:56am
Got out of the fire right into the frying pan... I figured it might hit 137.00 but no cigar! Sitting here in trouble, I hope New York takes it down but I doubt it. May is forming government with DUP. The currency has rebounded.
I'll pick up the crumbs don't need the whole pie
  • #24,233
  • Jun 9, 2017 7:13am Jun 9, 2017 7:13am
Quoting Quickiepip
Got out of the fire right into the frying pan... I figured it might hit 137.00 but no cigar! Sitting here in trouble, I hope New York takes it down but I doubt it. May is forming government with DUP. The currency has rebounded.
I was scalping on the 5 minute moving so fast at open from 141 to 140 100 pip scalps. I left it as wasn't going anywhere
  • #24,234
  • Jun 9, 2017 12:23pm Jun 9, 2017 12:23pm
Quoting Mr Breakout
{quote} I made a bundle on that down move, thanks God
Good for you
Personally I waited for the pullback to 141.00 to grab a quick 100 pip, then a second 100 pip move when the price revisited that resistance area..
  • #24,235
  • Jun 9, 2017 1:17pm Jun 9, 2017 1:17pm
Quoting Quickiepip
{quote} Yes thank the Lord!!! More people where calling for 148.00 than 140.00 I always trade with a reversal plan... but I was running out of lots and bank, so I'm happy it made this one big move.
Excellent.

I believe GBP/JPY (and other GBP crosses) will fill the gap on Sunday or Monday, let's see.
  • #24,236
  • Jun 9, 2017 1:19pm Jun 9, 2017 1:19pm
Quoting Mr Breakout
{quote} Excellent. I believe GBP/JPY (and other GBP crosses) will fill the gap on Sunday or Monday, let's see.
What's the reasoning behind this if I may ask?
Trade. Learn. Adjust.
  • #24,237
  • Jun 9, 2017 1:33pm Jun 9, 2017 1:33pm
Quoting MrBach
{quote} What's the reasoning behind this if I may ask?
Well, there was no real follow up after that sudden down move and GBP/JPY got immediately stuck in the 141.00 - 139.50 range.
We also have a potential triple bottom on the 1h chart.

And generally speaking, GBP does not like gaps, at all
  • #24,238
  • Jun 9, 2017 1:47pm Jun 9, 2017 1:47pm
This will make 4 bearish Weekly candles in a row for G/J:

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No Daily closes outside the downward channel yet:

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A look at the 4-Hour chart. I won't be holding any positions over the weekend. Too much uncertainty.

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  • #24,239
  • Edited 2:44pm Jun 9, 2017 2:08pm | Edited 2:44pm
Quoting Pips_Cruiser
A look at the 4-Hour chart. I won't be holding any positions over the weekend. Too much uncertainty.
On the 4h chart we have 5 inside candles in a row and a nice hammer, a sign that the down move has run out of steam...
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  • #24,240
  • Jun 9, 2017 2:10pm Jun 9, 2017 2:10pm
Quoting Mr Breakout
{quote} Well, there was no real follow up after that sudden down move and GBP/JPY got immediately stuck in the 141.00 - 139.50 range. We also have a potential triple bottom on the 1h chart. And generally speaking, GBP does not like gaps, at all
Good insight, lets see what happens over the weekend but I'm staying flat. GBP does not like gaps? (Going to check the charts...) hehe
Trade. Learn. Adjust.
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