Ok......UK sales are way higher than expected. Then what happens to gbp/jpy, and usd/jpy by extension?

USD/JPY Discussion

You know, when I shorted the eur/usd at 1.1635 and took profit on 1.1410, I thought I had a pretty good deal. I got nearly 200 pips after all. And now, I'm thinking: Just what kind of MORON was I? I should've kept it or at least just moved my SL ...

EURUSD

If it makes you feel any better, I'm sticking to longs after this last movement down, and will likely hold them for the next few weeks/month. Also, we're getting reports that Kuroda might launch another "surprise" for us, since Japan's economy isn't ...

USD/JPY Discussion

You're telling me. I've been waiting literally all day to short the yen pairs, and we've only just begun to make progress at dawn (for my time zone).

USD/JPY Discussion

177.30 fell. We're testing 177. If that breaks, then all hell breaks loose for intraday retail bulls. And just as I type this, the geppy breached 177. Good luck to everyone with their trades.

Dragon Riders GBP/JPY

Ah, the good ole' fibby. Good to have, and it works better than most so-called indicators and chart patterns. And while you probably know this already, but don't aim for exact numbers; fibonacci numbers can be off by 5-15 pips at times. If 177.30 is ...

Dragon Riders GBP/JPY

For the last target, mine is 175.70 +/- 20 pips I don't really count 176.20, since it's just a "median" number that happens to be formed as a result of the bounce from breaching 176. At least, I'd aim closer to 176 to maximize profit, but that's my ...

Dragon Riders GBP/JPY

Got a pretty big short at 177.540. We're definately going to test 177.10 now. The only question is whether it's only a scrape, or if we'll severely breach 177.30. For the latter, that opens up a new fibonacci level down to 175.40/60. If that's the ...

Dragon Riders GBP/JPY

Manually closed all shorts for the gbp/jpy. It's getting caught up in a weird zone that I don't identify as a proper support/resistance/fib. Awaiting retest of 178 or further clearer move to the downside to make my move. I caught around 80 pips in ...

Dragon Riders GBP/JPY

Sorry about your loss. But I really couldn't say for certain as to whether we'll continue the bullish motion in the tokyo session, since 178 is a major source of contention. And really, although I'm leaning towards shorting from 178, we still might ...

Dragon Riders GBP/JPY

About that. Do you use any chart indicators to determine rapid liquidation of your positions? For me, things like MACD, ichimoku, and others seem to be too slow for my tastes, and cost me far too many extra pips in the long run. More often than not, ...

USD/JPY Discussion

Nice. I did the same on the GBP/JPY equivalent of 117.80 (178.50). How far are you going to hold it though? I've already closed one of my three shorts for around 40pips in profit.

USD/JPY Discussion

Watch the attempt to test support. If 178 holds, keep it. If not, get ready to leave (but market might be 10-20 pips below 178 just to trigger stop losses) As for the ECB QE, yeah, in the weekly-monthly basis, this'll increase the value of the ...

Dragon Riders GBP/JPY

Strange other...we've went right through 178.30/40 without any struggle, and it's not even Tokyo session yet. Something seems off. Is there some reason for a mass purchase? Any major recent news? I'm leaning towards someone buying up the geppy. Edt: ...

Dragon Riders GBP/JPY

Retested the 177.30 support four times, attempting to test the new resistance of 178. If it holds, we'll see a retest of 177.30, followed by 177/176.80, 176.20, and finally 175.40/60. If not, immediate resistance is at 178, 178.30/40, followed by ...

Dragon Riders GBP/JPY

Oh wow. You're right; that was a typo. Definitely weird. I'll correct that typo right now. Thanks for the heads up.

EUR/CHF

Not necessarily. the GBP/JPY just requires a bigger SL than others in my opinion. By bigger SL, I mean potentially in the 100pip+ to hundreds of pips. Unfortunately, most retail traders I know refuse to have that. For me, I profit from the geppy by ...

Dragon Riders GBP/JPY

I'm eyeing 1710 to be the extent of the bulls before the ECB. 1800s......could the market makers really have enough momentum to push the last minute bumps that far despite the 50bn/month QE announcement? Ah, screw it. Took a $20 profit on one short, ...

EURUSD