Keep going boy, keep going, fill that gap and just show me the money! Next possible target is 139.50.

Dragon Riders GBP/JPY

Today GBP/JPY moved more than 200 pips with virtually zero pullback, so I guess some profit taking activity is going to take place soon, and the price will at least hit the 38.2% Fib... The Asian/Australian traders are going to wake up in a few ...

Dragon Riders GBP/JPY

A "freezing" platform will prevent the trader from collecting his 600 pip profit?? A 600 pip price spike, are you serious? And wouldn't some traders benefit from these same sudden price spikes, anyway? Starbucks, Burger King, British Airways and ...

OANDA Discussion

Buying GBP/JPY at 139.00, 45 pip stop. Yes I know, this is a scary counter-trend trade.

Dragon Riders GBP/JPY

The first part of the prophecy has been fulfilled. On the 1h chart the GBP/JPY has also touched the lower downtrend line of the descending channel (see chart). Now let's see...

Dragon Riders GBP/JPY

Alright, most probable scenario for GBP/JPY this week: it is going to drop below the low of the previous week at 139.50, just to trigger stop orders from short sellers betting on the breakout, then it will go up to 142.35 and fill the gap, and THEN ...

Dragon Riders GBP/JPY

Gap has been filled. Now, is it also going to fill the other gap, the big one? ... JPY Machine Orders report (7:30 PM New York time) is next.

Dragon Riders GBP/JPY

Well, so far we have a 50 pip down gap (bid). A hundred bucks this baby is going to fill the gap before 8 PM (NY time)...

Dragon Riders GBP/JPY

Let's say you buy EUR/USD at 1.2000 and sell it 3 months later at 1.2600, for a 600 pip profit. Where is the "scam" part here, as far as your Forex broker is concerned?

OANDA Discussion

Well, you know what they say: "trade the market not your opinions". In fact, if the trader strongly believes that the market should go up, he should look at the chart again and find at least two good reasons why it should go down instead! Trading ...

Dragon Riders GBP/JPY

With 10 millions why even bother trading? Seriously?

OANDA Discussion

On the 4h chart we have 5 inside candles in a row and a nice hammer, a sign that the down move has run out of steam...

Dragon Riders GBP/JPY

Well, there was no real follow up after that sudden down move and GBP/JPY got immediately stuck in the 141.00 - 139.50 range. We also have a potential triple bottom on the 1h chart. And generally speaking, GBP does not like gaps, at all

Dragon Riders GBP/JPY

Excellent. I believe GBP/JPY (and other GBP crosses) will fill the gap on Sunday or Monday, let's see.

Dragon Riders GBP/JPY

Good for you Personally I waited for the pullback to 141.00 to grab a quick 100 pip, then a second 100 pip move when the price revisited that resistance area..

Dragon Riders GBP/JPY

I made a bundle on that down move, thanks God

Dragon Riders GBP/JPY

300 pip down move for the GBP/JPY, Soros is up to something or what? Hope you guys are on the right side of the market...

Dragon Riders GBP/JPY

How true!

Pound Trader Weekly Message

Here is the GBP/USD (1-min and 5-min) from December 7, 2011 to December 8, 2011 (New York time, midnight to midnight). Use the fantastic charting software from FXCM, it's called Marketscope 2.0. This software will allow you to get historical charts ...

Cable Update (GBPUSD)