The chart below shows the main value drivers for GJ. You can see that it went up whilst value went down. You can see that value is still far below so at the moment it still have some way to go, value can change though.... At the moment the risk on ...

Dragon Riders GBP/JPY

Did exactly as planned.. found no more buyers up at in the 40s and sold off.

Dragon Riders GBP/JPY

Hey Malcolmb, welcome back. good to see you posting again. Agreed 146.30 is a massive level. 3 days of POC running through that price point. Trend is up however its bearish looking market profile with volume tapering towards the top edge. Its not a ...

Dragon Riders GBP/JPY

Did you buy GU? Said watch for a low vol tap into the 50 with EUR still bid..

Dragon Riders GBP/JPY

GBP is getting dragged up because of the buying on the EUR. USD index is dropping and so GBPUSD will appreciate. At the moment volume has dropped off quite a bit so the will have to go lower to pick up some liquidity if they want to continue the ...

Dragon Riders GBP/JPY

147 is the measured move up. good exit. Lunch time in NY , traders will be taking profits

Dragon Riders GBP/JPY

Great long trade on GJ at NY Cash Open. GJ gets pulled down due to the risk off sentiment however its value lines do not sell off in line with it. Therefore there was a big discount on offer. image On the technical side can see the deltas where ...

Dragon Riders GBP/JPY

Doesnt look like it at the moment. My value models show value is coming off (Blue line is the main value line) with volume dropping off. Also with bearish sentiment on Sterling at the moment gains on GJ will be difficult. Short at 80 image

Dragon Riders GBP/JPY

London has opened with pretty strong Risk On sentiment so for now longs only on this pair.

Dragon Riders GBP/JPY

If you have access to level II data you can see it was a withdrawel of liquidity . See the gaps in the volume, shows that this is not demand on the way up. When they withdraw liquidity they will take it to a wholesale price level ie the 00 50's or ...

Dragon Riders GBP/JPY

Called a stop run. They wanted to take out all the overnight Asian liquidity to get size on their books. I am short at 52

Dragon Riders GBP/JPY

How many times do you need this explained to you? This is a simple concept. EURJPY is not derived from EURAUD and AUDJPY. It is derived from EURUSD and USDJPY. You can however work out the value of EURJPY if you have EURAUD and AUDJPY due to the ...

Dragon Riders GBP/JPY

Here you go, you have learnt something today... url url url So EURAUD is priced from EURUSD = 1.13511 divided by AUDUSD = 0.76039 = 1.4927

Dragon Riders GBP/JPY

Of course that is going to work out due function of the equation but that is not how they are priced. The base is the USD.

Dragon Riders GBP/JPY

Market has gone Risk On, would be looking for longs only for now on this pair.

Dragon Riders GBP/JPY

image

Dragon Riders GBP/JPY

USD JPY = 112.97 GBP USD = 1.29398 GBP JPY = 112.97 x 1.29898 = 146.18 All currencies are priced relative to the Dollar. This is how the crosses are calculated.

Dragon Riders GBP/JPY

Sure in effect you are just buying a put or call option with an hour expiry and the 'fee' is the premium. Not sure when you say "..and if you close in profit fee will not apply. .." is correct though. Its a smart thing to do. Institutions very ...

Have you heard of "deal cancellation?"

Risk sentiment is mixed in the market currently hence the chop.

Dragon Riders GBP/JPY