Is this what I'm seeing? Staying flat was best after all. I'll probably return once we hit either end of the descending triangle.

Dragon Riders GBP/JPY

I wonder...what are the odds of going into the high 1300s/ low 1400s prior to Friday? Honestly, I'd prefer to get a short before the unemployment, NFP, and FOMC (not so much on FOMC Lockhart, but it's an added bonus at least)

EURUSD

Friday is a Loooong ways from now though. I'm probably moving to eur/usd right now. Should be getting news in like 3~3.5 hours. My plan is to add a long after the retrace from 177.70. Geppy is too high on the RSI to really push further since we're ...

Dragon Riders GBP/JPY

It'll depend on USD news this week, with the FOMC announcement day (Friday). that's when we get unemployment, non-farm unemployment, etc. By then, we should have tested somewhere in high 178s or 179, as long as this move up from 176.20 wasn't a ...

Dragon Riders GBP/JPY

That's the thing about 178. I don't really "trust" it to hold; only respected. One of the reasons why I TPed around halfway between 177 and 178 is that 178 has a nasty habit of leading to a corrective drop of 20-30 pips (or just outright ignoring ...

Dragon Riders GBP/JPY

Came back to see my TP at 177.48 were triggered. My shorts didn't go 178.80 to 175.70. Lost about half my potential profit. Well, that was unexpected. Nice job on beating the market; I couldn't max my profits here. If that's the case, then we should ...

Dragon Riders GBP/JPY

You might want to adjust the range to include the january lows. right now, it's at 116.880, +/- one or two pips. Anyone who expects 117.20 to hold as support....you might want to look lower, or at least be prepared to jump ship. If the price doesn't ...

USD/JPY Discussion

That's one of my questions: how far do you think we'll "spike down" before we go back up to 180s and beyond?

Dragon Riders GBP/JPY

First off, I assume we'll retest 175.70 soon. and by soon, I mean by Sunday or Monday soon. Reason is that it's the key support, and the fact that the gbp/jpy bounced up slowly without clear direction right at the closing hours of Friday seems to ...

Dragon Riders GBP/JPY

fading doesn't mean it's done, especially when it's so close to a very significant support. And please refer to my edit on the previous post. Odds are, we will retest upper 175.

Dragon Riders GBP/JPY

Eh, no. I'm looking for 176/175.70, anywhere in between. 176.200 is NOT a good place to long. I'm so happy I added quick shorts at 177.60/50. I made back my losses and added some on top of that. The reason is because we're so close to the 175.70 ...

Dragon Riders GBP/JPY

Stopped out of my longs Awaiting 177.20/00 test

Dragon Riders GBP/JPY

Simplest answer: We don't know for certain. we may have guesses & opinions, but no one here can say with absolute certainty. forex is about probability, not absolutes. Unless you can sift through all of U.K. & U.S. financial statements, records, and ...

USD/JPY Discussion

Breakdown? No. Range? yes. Reason: Look at all the news coming next week: BOE Carney, FOMC, GDP, etc. etc. The big guns will come out then, not now.

USD/JPY Discussion

Already have. USDJPY wants to hit 118.80, unfortunately it's also being pushed down by bears, and it's too close to an hourly resistance. GBP/USD had a field day previously due to the unemployment claims, which were much better for the US than ...

Dragon Riders GBP/JPY

this is why I hated that quick 178 rejection. Bears are really pushing the bulls right now. sad thing is, pulling out now and pulling out later is only about 15 pips in difference, and as long as the resistance isn't completely invalidated yet, I'm ...

Dragon Riders GBP/JPY

I know. I'm also bearish towards a new low as well for the overall timeline. We'll encounter some resistance at 175.70 support, but there's definitely more room to go down. but I don't see the price falling below 168, do you?

Dragon Riders GBP/JPY

usd/jpy had a leg up with the helpful unemployment claims. gpb/jpy gained nothing from that. That's probably why the usd/jpy is falling. At any rate, the die is cast. I've already got my longs in, so the only thing left is to watch and see if the ...

Dragon Riders GBP/JPY

Gah. This scalp is being more annoying than expected.

Dragon Riders GBP/JPY