Two scenarios one with no sellers and one with.... two different outcomes. Have not changed anything.

Dragon Riders GBP/JPY

It is appropriate because this is the scenario we are talking about. Has there never been demand for something with no supply of it? All I am doing here is using a hypothetical situation to describe how an auction works. Your example is not the ...

Dragon Riders GBP/JPY

There is also the Risk On / Off relationships with these three pairs. USDJPY will go up in Risk On GBPJPY will go up in Risk On GBPUSD will go down in Risk On. Which ever is the higher yielding pair will be positively correlated to risk sentiment so ...

GBPJPY

It depends where the volume is coming into for which direction GJ will go. The UJ market is much larger than the GU market (about twice the size) so usually its the Yen that dictates this pair but not always.

GBPJPY

Perhaps you missed my post above 25544.

Dragon Riders GBP/JPY

Hey Juhanimi Maybe you want to start a journal? Its not really relevant to the advancement of this thread to post everytime you move your TP etc We would be more interested in why you took the trade and what your targets are , that kind of ...

Dragon Riders GBP/JPY

Your graph is not correct for this scenario where there are lots of buyers but no sellers. Graph on the right is the correct one. As you can see price cannot go up if there are no sellers. We are in an auction market. Willing buyers have to meet ...

Dragon Riders GBP/JPY

Actually the market will not go anywhere if there are no sellers and lots of buyers.

Dragon Riders GBP/JPY

Pretty easy to check something like that image

Dragon Riders GBP/JPY

Up trend is ended for now. If it can hold and build value below 113.20 level we should see some more to the downside. Will have to see what it does when it gets to 111.60 before we can know more.

Dragon Riders GBP/JPY

Yellen is winding back rate hike expectations. Hence the sell off on the USD.

Dragon Riders GBP/JPY

From 7 - 9:15 that pattern is called a long accumulation. As an institution who needs to get large size on the book you cannot buy at the market, you need to have passive limit orders waiting in the market. So in order to go long they need to find ...

Dragon Riders GBP/JPY

yes, vwap recalculated on a daily basis.

Dragon Riders GBP/JPY

We are talking about two different things here. The question was if price would go back to 109. The only reason it will go back to 109 are fundamental reasons not technical. You are talking about whether or not you can make money in the markets ...

Dragon Riders GBP/JPY

Of course but we are not talking about precise entries here. The question was regarding the macro picture. Macro picture is dictated by fundamentals. Institutional traders spend 90% of their time on fundamental analysis and 10% on technical entries ...

Dragon Riders GBP/JPY

Blue line is the main value line for UJ. You can see it has come off on the weekly. I am short at 114.50 and expect it to come off a bit. image

Dragon Riders GBP/JPY

Ask yourself the following question to understand the macro picture: What phase is the FEB in in terms of their interest rate cycle and what phase is the BOJ? What are the inflationary expectations in each and therefore interest rates and other ...

Dragon Riders GBP/JPY

Target on GJ 146.25

Dragon Riders GBP/JPY

image Value has been trending down all morning. The institutions will move price away from value to get their discounts.

Dragon Riders GBP/JPY

Dubai does have great hours for London. I get up at 5:30 to be ready in time for Frankfurt open. Never traded DAX, dont have an intrinsic model for it. The style of trading I use is called statistical arbitrage trading where we build models (like ...

Dragon Riders GBP/JPY