Adding slightly to long position just under 146

Dragon Riders GBP/JPY

I'm out, just wanted to update quickly in the case anyone was following me on this. I don't like the PA on this. I think the Dollar itself will soften a bit this summer. Ever since ~ January 20th we started a pullback on USDTRY. Political, IMHO. ...

USD/TRY

The fellas at the funds and the banks ain't gonna shove this up to these levels and walk away. I'm holding on, maybe foolishly, but this is a pet trade of summer. Until the market shows its hand and says we're done, I think this beast is going to ...

Dragon Riders GBP/JPY

Obviously not too much interest in this pair round these parts, but she's choochin' onwards and upwards. I think this thing is going astronomical, maybe not, but so far she's been generous. If the market still feels the same way (financially ...

USD/TRY

I think the catastrophic events can be managed with a simple stoploss. And dude, I think you're giving the market too much credit. I don't know about you guys, but have you ever noticed that the market has the ability to react however it wants to ...

Dragon Riders GBP/JPY

Agreed. I really like what FXPetra has to say here and I think that a decent portion of the market, given the current narrative and tone, feels the same way (regarding Brexit, ect). This environment is providing so much liquidity at the Ask that ...

Dragon Riders GBP/JPY

Dude, glad to see you're still posting around here. I see 150 coming for sure, and quite likely 160 as we get into summer. What are you targeting?

Dragon Riders GBP/JPY

Appreciate the advice, but as a frog, I've already chopped off my toe and that's what's being risked. I have a relatively small long position, one that affords a distant stop. I'm looking longer term, as in months. We'll see what happens.

USD/TRY

I hear you, I'm not sure why or how sending money into Turkey right now is a good idea. It seems that the country is perpetually close to boiling over. Also, Erdogan has kept the TCB on a very short leash and has been vehemently opposed to ...

USD/TRY

Age old question, the answer of course is YES! and no. Your broker doesn't necessarily care about your stops, but the market as a whole does, stops are a source of liquidity. If there is a cluster of stop orders, say at 100 in a bull market. Price ...

Do you believe brokers hunt your stoploss

Not sure if anyone else still pays attention to the Lira, but we are getting very close to a possible longer term trade setup. USD/TRY is currently approaching a major corridor price: 3.5000. With the evolution of Erdogan's reign in Turkey and his ...

USD/TRY

Darn right, man, she chooched a little today. I figured 145 might stall her out, I still think we're going to 150. Being that this has been a one-way market, I don't know if we'll get a good bounce off of 145 or not. For me it's been a scale-in ...

Dragon Riders GBP/JPY

I'm on the sidelines until later this week. We're gonna run sideways, probably wise to stay out of the market until Japan opens for business later this week. Wild things can happen during bank holidays, but I think the MO for the week will be ...

Dragon Riders GBP/JPY

One other thing, boys. What the market does at 145 will tell us a lot. If we stall out and start going sideways, as it appears we are are doing right now, beware of going long--don't be someone else's liquidity. We want to see the most recent high ...

Dragon Riders GBP/JPY

Still waiting for at least a modest stop sweep. The demand we've seen for GBP is incredible, any little pullback is pinned out. Fund managers are reloading on the Pound and they are doing so quickly. I'm hoping we will get a modest bounce off of ...

Dragon Riders GBP/JPY

Watching 143.2, surely someone is going to sell a little to buy a lot. 142.5 even.

Dragon Riders GBP/JPY

I'm out. Last chart for today.

Dragon Riders GBP/JPY

This thing will become exhausted or we'll see some more upside very soon.

Dragon Riders GBP/JPY

It's a homeade indicator (I'm not a programmer, I cobbled this together as I was amazed that it didn't exist.), maybe one of the techno wizards around here can code one that auto-updates. I annoyingly have to update it every time a new candle ...

Dragon Riders GBP/JPY

Last post for a bit... The other option is to rework your coefficient and grab higher TF moves.. The sky is the limit. Cut losses ASAP, let your winners run..

Dragon Riders GBP/JPY