Moving stop to break-even. Now soar and fly Dragon.

Dragon Riders GBP/JPY

Bought at 142.00, 25 pip stop.

Dragon Riders GBP/JPY

Watch out, it's going to bounce back to 142.45, don't ask me why sixth sense maybe. (Then from there it could go down again of course, but that's another story).

Dragon Riders GBP/JPY

The Yen breakout happened, GBP/JPY is dropping too, but not that fast, as the GBP/USD is slowly going up. It is also lifting the NZD up, to some degree.

Dragon Riders GBP/JPY

A 7 pip gain is still better than slipping on a banana peel. Head and Shoulders on the Yen (2-min, see chart). If the expected breakout to the downside occurs it will drag the Dragon down. Excellent, nice bearish cup and saucer formation on the ...

Dragon Riders GBP/JPY

Well, if I could convince Soros to dump Yens to buy say, 2 Billion Pounds, then getting to 144.63 would only take a few seconds, LOL. More seriously, the breakout to the upside I talked about 4 days ago is still alive and kicking, so yes 144.63 is a ...

Dragon Riders GBP/JPY

That's precisely what I am thinking, if there is no significant breakout during London the Dragon will come down hard. That drop would certainly please all the short sellers (and potential buyers) who are still waiting for that famous pullback to ...

Dragon Riders GBP/JPY

That's it, good boy, out at 142.55. Now get the hell out of my face while I decide what to do next (Note : Some of my comments have been made for dramatization purposes only, to - I hope - add a little excitement to an otherwise boring and ...

Dragon Riders GBP/JPY

Come on GBP/JPY, don't be lazy now, touch that 142.50 and then you can rest for a while if you want.

Dragon Riders GBP/JPY

Yes it's true, but having access to a lot of different trading ideas (from books, magazines, traders, mentors, forums, blogs, websites, Youtube, etc...) will certainly help the trader to develop his own trading strategy.

Dragon Riders GBP/JPY

Well I suggest you visit the Trading Journal section then, there are plenty of traders who post their live daily calls with specific entry/exit point, complete with charts and everything: url

Dragon Riders GBP/JPY

Now that's kind of extreme, wouldn't you say? I mean what are we doing in this forum then, to begin with, to learn how to play the guitar? You truly believe that a few successful FF traders would somehow influence a $5 TRILLION daily Forex volume, ...

Dragon Riders GBP/JPY

True, it's hard to create a real breakout when the London traders close shop and hit the pubs. That said well done Double O Seven.

Dragon Riders GBP/JPY

Yep, that's it, Houston we have a take off!

Dragon Riders GBP/JPY

Oh, so you are the one preventing the Dragon from going up,eh? Hahahaha, just kidding. How many? But at least a thousand pips my friend, why? Joke aside, the next possible stop is of course 142.50 then 142.80. Well, you know, the usual stuff ...

Dragon Riders GBP/JPY

The bulls are coming that's for sure. And they are like hungry zombies, so whatever little resistance is left will disappear quickly.

Dragon Riders GBP/JPY

Come on you 142.35 short sellers out there, you never quit do you? Let it go before it's too late.

Dragon Riders GBP/JPY

Stock brokers noticed a long time ago that traders do indeed spend most of their time trying to pick tops/bottoms. Why? Because we humans hate to buy "expensive" stuff (buying on strength) or sell our stuff at a cheaper price (selling weakness). In ...

Dragon Riders GBP/JPY

On the contrary, trading with small time frames decreases your risk, since your stop is much much smaller. If you are wrong you lose what, 10 pips or so, on average? But if you are wrong on the weekly time frames you could lose 500 pips easy. Higher ...

Dragon Riders GBP/JPY

Still looking for that pullback, I guess? I just bought GBP/JPY at 142.30, 23 pip stop. The Dragon is going to soar any minute now...

Dragon Riders GBP/JPY