Oh I see, so you are adding more positions to already losing positions. In other words the market is clearly not cooperating but you still want to show "him" you are the boss and you know better. Right. Well good luck my friend, and I sincerely mean ...

Dragon Riders GBP/JPY

No stop loss ?? So if, for whatever reason, the Dragon gaps 1000 pips against your position you lose 1000 pips, and possibly your entire trading account (assuming you are protected against negative balance) just like that, right?

Dragon Riders GBP/JPY

No problem. This is hardly a falling wedge pattern if you ask me, but hey, anything is possible.

Dragon Riders GBP/JPY

From what price and what stop, Mr Yen?

Dragon Riders GBP/JPY

It would be nice if you could see the time frame and...the name of the currency pair on the chart (we could of course assume it's the Dragon).

Dragon Riders GBP/JPY

Joke aside, most probable scenario for GBP/JPY, as far as day trading is concerned : up to 146.20 or so (London session probably) and then down for the rest of the day.

Dragon Riders GBP/JPY

Yep, Soros is up to something I guess...

Dragon Riders GBP/JPY

Hahahahaha, yes.

Dragon Riders GBP/JPY

Exactly my plan too my friend. Alright, I am going to wait for the pullback while drinking a cold Heineken and watching a Bruce Lee movie on Youtube (Fists of Fury, a classic). Trading is also like Kung Fu and other martial arts, wait for the ...

Dragon Riders GBP/JPY

20 pips here, 15 pips there, it all adds up very quickly at the end of the month.

Dragon Riders GBP/JPY

So if it was that obvious, did you go long GBP/AUD then... ? I am personally waiting for a pullback to buy some more, it seems that GBP/AUD is about to do some serious pullback to the upside. Same thing for the Dragon, but for different ...

Dragon Riders GBP/JPY

For those of you wondering, a real down move after an important news report is not supposed to retrace 75%, like in this short GBP/AUD trade. If it pullbacks that much then the down move becomes more than suspicious. Just something I learned over ...

Dragon Riders GBP/JPY

Possible bear trap, closing short (+10 pips) and reversing, same stop. Never get married to any position.

Dragon Riders GBP/JPY

YES!!

Dragon Riders GBP/JPY

Oops sorry, wrong section of the forum.

Dragon Riders GBP/JPY

Short GBP/AUD 1.6360, 30 pip stop. AUD Unemployment Rate in less than 1h, this is going to be hot.

Dragon Riders GBP/JPY

"Overbought" markets can stay overbought for a long, long, long, long, long time, long enough to empty even the biggest trading account...

EURUSD

Seems like it has something to do with the US Health Care bill, it did not go through.

EURUSD

Closing half my position at 147.25 (+20 pips) and moving stop to breakeven.

Dragon Riders GBP/JPY

That's it boy, keep going down, daddy needs a new pair of shoes

Dragon Riders GBP/JPY