Alright. After than intraday peak of 187.260 (around 187.20), we had a corrective move down to just above 186.1 (i.e. the 186 support) Then we proceeded to bounce back up 50% of the correction, and we're seeing bulls and bears fighting at the ...

Dragon Riders GBP/JPY

Maybe the spike comes rolling in the New York Session. Lots of volatility and time to trap people when it goes with London I'm guessing you've also shorted around 187.20/00?

Dragon Riders GBP/JPY

Why not sell AND buy on the predictable rallies? Not saying you should just buy every movement up, but, retesting 0.7820/30 is likely, and if you see a bullish momentum, it'd be worth to long. The market rarely just goes straight down. The thing ...

NZD/USD

Possibly. I might adjust my limit order. I'm definitely looking at two numbers right now: 0.7800 and 0.8000

NZD/USD

Oh, you're feeling evil today, aren't you?.

Dragon Riders GBP/JPY

Agreed. And the sell off will offer the more veteran traders and institutions to keep reloading as well. I also didn't like the fervent bullish motion the "xxx/JPY" pairs had at the slightest stimulation, even if the news wasn't too bullish ...

Dragon Riders GBP/JPY

We broke out of the descending triangle formed since December 16. I think we're trying to retest the trendline, so I expected to get a long in at around 0.7730/40. I lost profit on closing my previous long (target 0.7795, TP: 0.7745), but I didn't ...

NZD/USD

If we don't make any break by next of NY session, then I'd expect Tokyo to pick it up to retest the resistance.

Dragon Riders GBP/JPY

Positions closed just prior to US unemployment claims. Took profit at 0.7745. Unemployment claim turned out slightly bullish, so I'm staying flat for the most part. The data might drag the kiwi back to 0.7680 levels, but I don't want to risk it. ...

NZD/USD

At least you got 2 pips. I literally broke even. I'm still being charged the broker commission, so realistically I lost $1.50.

Dragon Riders GBP/JPY

Broke even at my short. I don't like this market; it's been an hour and not once have we even touched 185. If this is a pump and dump, it's delayed. At any rate, risk to profit ratio is not worth it.

Dragon Riders GBP/JPY

I wonder: will the EUR/USD hit 1.228 once more, or will it continue to bounce back to mid/upper 1.23 levels? This is about the forecast for the week, of course.

EURUSD

I feel you there. The Geppy has been wild this week. And just like that, we bounce right back up on the geppy. God, I still university to deal with...semester's over today. My academics, or my paycheck? Grades, or money? .....Would it be so much to ...

Dragon Riders GBP/JPY

Hey Hickson. I'm still short from 185.45. It might just be an extended pump and dump, but I guess we'll see in the next 30 minutes or so.

Dragon Riders GBP/JPY

Very suspicious...Price jumps almost an hour before the good data? Possible pump and dump, maybe?

Dragon Riders GBP/JPY

Wasn't FXCM found guilty of severe slippage and slapped with fines? I also recall them getting a class action lawsuit over fraudulent practices (but I don't know the result of that case) But I also know they're the first forex broker in the U.S to ...

Dragon Riders GBP/JPY

Funny. I was never employed by any company. And really, if my commentary is so crappy, you can simply ignore me. I never even meant them towards you specifically, so in terms of verbal linguistics, you have nothing on me. You just butted in from ...

NZD/USD

Alright. Initial light resistance at 0.7720. If we can punch through this, I expect an attempt at 0.7800, with resistance possibly kicking in and slowing the move up at 0.778 (yesterday's high). We may retest 0.77 once more in a bit. Maybe, maybe ...

NZD/USD

Hey Liam. How are your pips doing? Did you catch a decent load? As for Yellen, I don't like the words "within the next few meetings". Honestly, few of us retail traders buy in anticipation of a rate hike months before; I usually trade ...

USD/JPY Discussion

Heads and shoulders pattern aren't necessarily that accurate in lower time frame charts. And honestly, the data they give you can be predicted on your own with little effort. Unless of course, you plan on scalping those 10-30 pips, in which case, ...

USD/JPY Discussion