Hey ray, I took profit on my 180.8 short at 179.85. I didn't like the build back up to 180.30 (which just happened, actually) Out of curiosity, did you already close your short (the one you were aiming for 178)? You shorted at 180.9, i think.

Dragon Riders GBP/JPY

Noooo. 180.30 is my stop loss. Guess I'll have to adjust it then; I'd hate to be forced close my trade on the next resistance. Probably going to be stuck on my charts waiting to see if I'll have to take profit early. On that note, my indicators are ...

Dragon Riders GBP/JPY

Isn't the Bank of Japan closed right now? I don't think a reversal will happen yet, given the lack of stimulus on either side of the pairs. The dragon is sleeping right now. Edit: I'd be VERY surprised if the downward momentum reverses when the bank ...

Dragon Riders GBP/JPY

Eyeing resistance at 1.1870/1.1900. The region around 1.2000 will be the major source of contention for me to determine whether we'll resume the hefty fall or continue the bounce up to even higher levels. I don't know about you guys, but I generally ...

EURUSD

I'm in tentative agreement, but not too sure. In terms of intermediate short term (that is to say, the past few months), the most recent rise up for the geppy was from 168 to 189.6. Now, going by the 50% fib, we should see significant resistance ...

Dragon Riders GBP/JPY

Oh, this is nothing. remember 2014 Thanksgiving week? I spent around 10 days looking for a breakthrough before I decided that it was more profitable by trading aggressively with an ascending triangle pattern with blatant disregard for decision ...

Dragon Riders GBP/JPY

Yup, bearish. Since I missed out on that, I'll just sit back and wait.

Dragon Riders GBP/JPY

I don't like the GBP/JPY right now due to the movement of the euro pairs, which seem quite firmly in favor of the USD and GBP. It makes it rather suspicious that the geppy would suddenly go on a wholesale bear run in a holiday at this exact moment. ...

Dragon Riders GBP/JPY

What triangle?

Geppy's Geppy Thread (GBP/JPY)

I wonder if we'll see a small bounce to 1.22 before dropping more. I expect 1.2160 (+ or - 10 pips) to be a support. I have a small intraday long with tight SL at this area.

EURUSD

Overall, I agree-but I'm right now focusing more on intraday prices. We'll have to wait and see the effects of the US data today. Core sales were down, but GDP was far better than expected, hence the jump in USD/JPY and the geppy. Unfortunately, we ...

Dragon Riders GBP/JPY

It's finally here; Sunday session. Let's see if it tests 187.200. Do we have another correction? Or is the geppy ready to punch past 187.20?

Dragon Riders GBP/JPY

Never, EVER say that a currency pair will go up/down simply because most people say it will go down/up respectively. You're far better off doing your own analysis. This is especially true for Christmas/New Year, where the holidays and end of year ...

USD/JPY Discussion

119.60/50 will be a key area. Honestly, the initial 30~60 minutes on Sunday session will determine whether I can make profit (or at worst case, break even) or lose out on this short. I'd keep a close eye on sunday if I were you.

USD/JPY Discussion

The GBP/JPY charts also look strange. The overall trend indicator remained bearish despite the rise back up to 187 near the end of the Friday session, only to fall right down to 186.60/50 - which is the 50% retracement of the bounce back up from ...

USD/JPY Discussion

Already have. At the worst case, It'll only cost me about 2 days of trading to make back my losses for my current shorts (shorting from the 187s). Considering the R:R, I'd say it's not too bad. And there's something about this rise that gets me ...

Dragon Riders GBP/JPY

Meh. That's why we put stop losses. Holidays are one of the few times where I actually bother keeping a somewhat tight stop loss, because the range is tight and more predictable, at least for the geppy. Edit: I just saw something hilarious while I ...

Dragon Riders GBP/JPY

Oh great. Holidays. The only thing to do at holidays is to just ignore all the decision points and data and just scalp whatever region the price is bouncing up and down on.

Dragon Riders GBP/JPY

The 50% retracement of the bounce back up is being challenged repeatedly by bulls. My god, someone (or maybe some people) big up in the social ladder must be trying to keep the value of the GBP/JPY up instead of continuing the correction. Edit 1: We ...

Dragon Riders GBP/JPY

Good call. The market has currently no clear direction, as bulls are fighting to get new highs after a break from previous resistance. In contrast, bears are clamoring for a corrective move down before going back up due to the 187.20 rejection. ...

Dragon Riders GBP/JPY