Hi Tony I respectfully have to disagree with that brother. To me, it's just that one needs to keep the "projected distance" within the scope of the TF being traded. If I'm trading the 1H then obviously I'm day trading and looking for multiple, ...

Cable Update (GBPUSD)

Agreed and same here. You as well.

Dragon Riders GBP/JPY

Yeah, that 1H and below showing signs. Good to see your posts Mpt. Been a while.

Dragon Riders GBP/JPY

That's cool. You did what you needed to and that's all that matters. The way I'm looking at it, if they intend another bull push they'll let it drop needing sellers to fill their buys. For this day trade (maybe more), I'm happy to do my part. ...

Dragon Riders GBP/JPY

LOL ... I know I'm not much buddy but I've been your friend. .... (friendly?) Took partial on that 161.700 short at 160.344. Slow Monday. So far from London open just the dollar being pushed around a bit. GBP and YEN pretty still atm.

Dragon Riders GBP/JPY

Sitting/hovering +145ish atm. Should have mentioned above this short hangs on it breaking 160.240 (Prefer a 4H close but at least a solid 1H stick) as mentioned in the post on Mr. Scotts thread I linked to.

Dragon Riders GBP/JPY

Agreed. And yep, that's all we can do. Read the flow and go with it. Right now GJ is testing the daily 50EMA (other factors of as well course) as support and bouncing/holding. Pretty quiet London open so far. But it is only Monday Wishing you a ...

Dragon Riders GBP/JPY

Until I see confirmation of a momentum flip, I still go by the big yearly fib 61.8 (147.020) as the target. Had 151.684 for this current bull bounce. Posted in here on the 7th. url Got some nice longs on it. Could be more.

Dragon Riders GBP/JPY

Watching 159.601 and 158.248 atm. Things could change but as of now still well within the large down trend. Wouldn't mind getting back onboard if so. If wrong I buy We'll see. Who's Obama? Red Diamonds? ... They don't mean much ...

Dragon Riders GBP/JPY

... I'm holding mine until London tips it's hand. Good luck with GU Don. I don't trade that pair myself. Filling it's gap now.

Dragon Riders GBP/JPY

Really? Highest print on my feed was 161.789. (I know feeds tend to vary) but ... ... All I managed was short 161.70 right at market open. url

Dragon Riders GBP/JPY

.... Let's see if it can get past 160.24

Mr. Scott's Crayon Thread

I don't disturb the beast whilst she's eating / resting ... .... lol

Dragon Riders GBP/JPY

GM Ray. Agreed. Waiting to see if this daily to plays out. Getting close. (That first green line is 159.465) so looking about the same as you said. Also waiting on NY. Not dipping my toes in yet.

Dragon Riders GBP/JPY

I got up too late to catch the train outta Asia into Europe. That sucks because the GBP and YEN have expended much fuel already. Being Friday I'm not expecting much from the old dragon. Oh well, Took a little on the fade to test SR and got long on ...

Dragon Riders GBP/JPY

I just LOVE this pair!

Dragon Riders GBP/JPY

Agreed me too. I only manage open positions beyond 10am NY not look for new ones. Couldn't buy or sell right here anyway unless trying to sweep some crumbs. Volume all but gone and now in "flutter" mode (for me) ... lol

Dragon Riders GBP/JPY

Won't surprise me at all to see it at least test the big 50% @ 156.349/184 again now. Perhaps Asia will provide the drift if neither London or NY does. No more entries for me until I see both rolls. My gut tells me we haven't seen the last of this ...

Dragon Riders GBP/JPY

Oh come on now, I'm sure Dragnet had nothing to do with at all ... .... Soros probably just leaned over to him and said, "hey, didn't you REALLY mean the opposite?" .... lol The good news is it may be a good buy again for ...

Dragon Riders GBP/JPY

LOL ... I got 2/3 of that long but only cost+ on the rest. Classic pump & dump

Dragon Riders GBP/JPY