Added another automatic short on 1.4700; we have now just confirmed the start of the leg down to complete 1.4630/00. BEAUTIFUL market reaction right here; as soon as London Session began, price tanks right from around my initial selling price of ...

Dragon Riders GBP/JPY

Previous long on the cable did not go well, unlike my previous cable trades for the day. I closed out at 1.46937, just 3.7 pips prior to my hard SL. Nothing major though, considering that I've profited heavily from the previous rundown of the euro ...

Dragon Riders GBP/JPY

Long gbp/usd at 1.47310 and 1.47273. Optimal TP zone is 1.4820/00. Hard SL at 1.46900, manual soft SL. image I'm favoring a small bounce back up before further drops (if there are any for the next few market sessions)

Dragon Riders GBP/JPY

If you go to NYC, get ready for weird weather and high taxes. We kept having SNOWSTORMS in March of 2015. Snow itself isn't that uncommon in early spring, but snowstorms.....no. Just no. I'm also still trying to figure out how to get around certain ...

Dragon Riders GBP/JPY

Don't. you're better without the rain. The sticky, unpleasant sensation as each raindrop seeps through your skin. The sight rain turning your surroundings into an endless array of bleak, monotonous monochrome. *shivers*

Dragon Riders GBP/JPY

It depends on the strength of the pound sterling. If gbp/usd dips below 1.47700, then we have 1.47500 and 1.47200/00 as the next supports. I really don't think we can get lower than this prior to any major news. Update: Lower than expected trade ...

Dragon Riders GBP/JPY

Yankee (New Yorker) here. I go out in a plain t-shirt for any weather above 55 degrees fahrenheit. I don't think I wear a jacket unless is below 40, and sweaters only come on when it's below zero. It's like 42 degrees right now, which normally ...

Dragon Riders GBP/JPY

Nicely executed. Good to know that there's some of us here whom the market makers can't catch us with our pants down in our quest for profit. Out of curiosity, what drink will you be having? As much as I'd love to go to my friend's bar, ...

Dragon Riders GBP/JPY

If GU breaches 1.4800, expect a STRONG support at the area 1.4770/30 (i.e. 1.47500). That price has been a well tested and maintained support in the past few weeks. It will definitely bounce back couple dozen pips. I don't think Gj will drop below ...

Dragon Riders GBP/JPY

Money never sleeps.

Dragon Riders GBP/JPY

I also added another short at 1.48540 before the bounce and held it. A grand total of 2 whole lots shorting the gbp/usd. We've breached the initial target of 1.48400, so cautious people can move their SL to just above that, I guess. I'm still ...

Dragon Riders GBP/JPY

Refer to my recent posts. Edit: If you want, I can give you a more detailed response about why the gbp/usd dropped like stone at that point. It might take me some time to write though.

Dragon Riders GBP/JPY

They shouldn't. But I've long since given up on conventional probability in 2015. Everything about 2015 for Forex has gone to overdrive for sheer volatility and sudden surprises. I personally don't think rates will be changed, but I always keep the ...

Dragon Riders GBP/JPY

Good god, look at that drop straight to 1.48400. Definitely a bull trap. My suspicions have been confirmed. My condolences to anyone who longed. Update: We just hit 1.48100 areas.

Dragon Riders GBP/JPY

Ignore U.K. halifex data entirely for today. Just look at price action. 1) Halifex is a minor indicator compared to what's coming up. It's worth nothing today because it's overshadowed by others (i.e. bank rate) 2) Data is positive by 0.3% only. ...

Dragon Riders GBP/JPY

Yup. If this bounce continues, I'm pulling out with whatever losses I have. At the same time, if this falls back down, then it might have all been a preparation to go down to weekly lows. It would be a real dick move for the market to just dip back ...

Dragon Riders GBP/JPY

Some support? Yes. But will it hold? It's less likely than the odds of it being breached. We've just reached 1.4980/70 (i.e. clear rejection of going to 1.5000) twice in three days. With this downturn beginning to gather steam, optimal targets are ...

Dragon Riders GBP/JPY

Well, it's closer to night still here. Only 1:44 AM Update: Shorted at 1.48641. Not the most optimal short, but I'd prefer to get a clear signal to short rather than to risk a potential loss just so I can get the "best" price. Hard SL at 1.4900, ...

Dragon Riders GBP/JPY

As expected, 1.4890/80 turned out to be the resistance. Ended getting only about 8 pips before getting stopped out. Looking for possible shorts right now if we get a break. It's an interesting area here; further downside seems a bit more likely than ...

Dragon Riders GBP/JPY

Bounce seems to be restricted to around 1.4880 with the new price action analysis (1.4890/80). I'll probably break even/get a few pips in profit to get rid of the negative swap for my short, and possibly load another to test the new pivot point ...

Dragon Riders GBP/JPY