Whatever you say.

Dragon Riders GBP/JPY

Japan Tankan Index in less than 20 minutes, let's see if it moves the Yen.

Dragon Riders GBP/JPY

The Yen and the Nikkei are sometimes positively correlated and sometimes negatively, so we cannot always use that Index to predict the direction of the USD/JPY.

Dragon Riders GBP/JPY

The Dragon is trying to fill the gap. Good.

Dragon Riders GBP/JPY

Such an entry order would be foolish because the market could gap 200 pips or more against the trader, taking all the profits he painfully accumulated during the week, or the month. Your explanation also implies that if the market has been in an ...

Dragon Riders GBP/JPY

Why would traders wait for Sunday to take profits?

Dragon Riders GBP/JPY

GBP/JPY won't move until it fills the gap first...

Dragon Riders GBP/JPY

You are welcome. Here is something interesting for travelers: they can get more than $700 extra when they exchange 10,000 Australian dollars to USD, depending on where they bank. url And according to this website wiring 50,000 UK pounds could add ...

Dragon Riders GBP/JPY

You mean pre-market prices? FXCM allows you to see prices 2 hours before "official" opening at 5 PM (EST), on Sunday. You can also get them on the web, here for example: url

Dragon Riders GBP/JPY

Excellent, you know your stuff...

Dragon Riders GBP/JPY

Excellent chart: neat, simple and to the point.

Dragon Riders GBP/JPY

Yes I know the feeling, but it happens all the time, sometimes I miss a 200 pip move just by 1 lousy pip (on a limit order), while I am sleeping for instance. Oh well, that's all part of the business.

Dragon Riders GBP/JPY

You know what they say : "Don't get emotional about the market" Don't worry, you will get plenty of opportunities to go long or short next week. video

Dragon Riders GBP/JPY

Well my advice is always the same in that type of clear uptrend situation : wait for a pullback - to some Fib level for example - and then buy buy buy, or add to long positions. Traders should not try to pick tops with those stupid "overbought" RSI ...

Dragon Riders GBP/JPY

Sure, absolutely, there is also a psychological, self-fulfilling prophecy element to these moving averages, no doubt, especially the most watched ones, like the 200.

Dragon Riders GBP/JPY

Nope, mathematical reality, as the price HAS to go below the 200 MA to start a new downtrend (or a total crash).

Dragon Riders GBP/JPY

The real advantage of using a 200 MA is that it would at least have kept the traders out of trouble during ALL stock market crashes, to a large extent.

Dragon Riders GBP/JPY

How about zero, just pure price action. I am not saying that indicators are useless, it's just that we don't really NEED them to trade profitably.

Dragon Riders GBP/JPY

The 200 period moving average, while sometimes helpful, is just an average, not some magical crystal ball, don't rely too much on that lagging indicator.

Dragon Riders GBP/JPY

Waiting for a 300 pip up move before buying GBP/JPY, is that really necessary? I like to buy on strength too but there is a limit to that kind of trading strategy...

Dragon Riders GBP/JPY