Maybe because of the aura of mysteriousness it affords? People always like anonymity. It seems so much more unique than just being "normally visible". Or maybe they just like their privacy. Who knows. Same reasoning goes for whenever I'm ...

Dragon Riders GBP/JPY

Fundamentals are good. Reliable in terms of mid-term and long term. Just be wary of corrections after movements up.

USD/JPY Discussion

My last bit of advice to usd/jpy traders: Odds are, it WON'T make 120 today or this week before a correction, and going beyond 119.40 & staying thiere for now is unlikely. the yen pairs are primed for a correction based on recent chart trends, and ...

USD/JPY Discussion

I'm leaving the usd/jpy. Its volatility & range are too low in general; it's just too uprofitable with respect to other pairs like gbp/usd, eur/usd, and of course, its yen sister counterpart, the gbp/jpy. You're better off hedging bets with the ...

USD/JPY Discussion

I'm gone. If price doesn't move in the next 3-4 hours, I'd say most of the market's done. Honestly, I just want the range to break SOMEWHERE. The yen used to be my breadwinner in 2014, but now it's eur/usd and the gbp/usd. I am very disappointed, ...

Dragon Riders GBP/JPY

prelim GDP is BARELY positive-only by 0.1%. Not really enough to give the bulls a significant edge. IT'll depend on what the overall trend is. Edit: There's still a good chance of trading in a range for today.

Dragon Riders GBP/JPY

It gets even more hilarious. Here's Version 2. image A grand total of seven repetitions (one nearing completion), approximately 20-25 pip range for each. I scalped it after the third attempt, but I have to say-this is ridiculous.

Dragon Riders GBP/JPY

Yeah-the area around 183.70/50 will be a significant support to crack-and even then, we still have 183.10/00 afterwards. On the plus side, the cable is FINALLY beginning its long awaited correction, so for the time being, I can lean more confidently ...

Dragon Riders GBP/JPY

I wouldn't have tight SL for volatile pairs like the gbp/jpy. Unless you specifically caught it at a notable support/resistance, 8/10 it usually gets stopped out.

Dragon Riders GBP/JPY

And there we go. 184.50 just got printed, let's see. Stay below 184.70 (or even 184.50), and we're probably heading lower. If it bounces back up, expect to see pries beyond 185 within a few hours.

Dragon Riders GBP/JPY

Bank of Japan members say that Japan shouldn't rush to hit price target for the yen (i.e. no further stimulus needed right now). Could explain the fall in gbp/jpy right now; whether this news makes something noteworthy is up to London session. The ...

Dragon Riders GBP/JPY

Re-entered.....going long?

Dragon Riders GBP/JPY

A number that we're all too familiar with, Mpt: 183.10. Pretty much most of the former supports will remain intact if we resume correction from 185.30. That is, assuming we do. Right now, we seem to be retesting 184.80/70. We may even get to 184.50. ...

Dragon Riders GBP/JPY

Could happen between 1.5540~1.5600. Really depends on what the bulls are feeling like. Just sit back and watch it out. While you may lose profit by waiting, at least you don't lose money that you already own.

Cable Update (GBPUSD)

Australian private capital expenditure data seemed to have brought the gbp/jpy up the previous high (184.80/70). If it becomes support, expect 185 to get breached, and I'd say that there are no more significant corrections on the horizon for now. ...

Dragon Riders GBP/JPY

Step right up, gents! Ya'll are in for the show of a lifetime. Here, we be havin' the good ole' dragon (that's gbp/jpy by the way, for you green newcomers) ready to fly. Whether she soars up or dives down, who knows! There's fortunes to be had in ...

Dragon Riders GBP/JPY

Unless we get a decent impact event, staying around/above 184.50/40 by London session would also indicate a bias in favor of the bulls, in my opinion.

Dragon Riders GBP/JPY

Watching gbp/usd 1.5500/1.5490. We've a good chance of testing it once more. If it acts as support, then I'm taking profit on my 184.50 shorts in gbp/jpy, since that leaves the possibility of the pound sterling gaining again during the coming London ...

Dragon Riders GBP/JPY