I guess we will soon find out...

Dragon Riders GBP/JPY

5 minutes to London, you Dragon are going down my friend...

Dragon Riders GBP/JPY

This is what day-trading is all about, guessing which candle is the high/low of the day, that's all there is to it.

Dragon Riders GBP/JPY

Short again at 147.45, same 27 pip stop. That 2:25 AM 5-min candle could now be the high of the day!

Dragon Riders GBP/JPY

Position closed at 147.35, +10 pips, I am receiving mixed signals and that 2:10 AM (EST) 5-min candle could be the low of the day...

Dragon Riders GBP/JPY

Hard to move the Yen when Tokyo is closed (bank holiday), we need Frankfurt, Zurich, Paris and of course London to get things going. Unfortunately they are still sleeping.

Dragon Riders GBP/JPY

Yep, I smell market trend exhaustion too. And on the daily chart we are probably watching a nice triple top formation...

Dragon Riders GBP/JPY

Ascending triangle on the 5-min. The breakout is usually to the upside so let's hope it's a fake (for us short sellers)

Dragon Riders GBP/JPY

Yep, I do it every day. Don't worry, I eat sharks for breakfast.

Dragon Riders GBP/JPY

The cable is somehow still preventing the Dragon from going down. Oh well, "he" will get tired, 300 pips without a pullback will surely create some profit taking activity soon...

Dragon Riders GBP/JPY

How dare you short 11 pips higher than my entry point? Just kidding

Dragon Riders GBP/JPY

It's normal, the expected GDP number and the actual number are the same, 1.7%, so no "surprise" here.

Dragon Riders GBP/JPY

I see. I am personally short at 147.45, 27 pip stop.

Dragon Riders GBP/JPY

Good, more volatility then Friday's high has stopped the Dragon, or so it seems...

Dragon Riders GBP/JPY

China GDP report at 10 PM EST (3 AM London) , this could have a serious impact on the Yen and all its crosses... PS: don't use "obvious" stops like 147.00...

Dragon Riders GBP/JPY

Nope, no takers so far, this baby is going down, let's see...

Dragon Riders GBP/JPY

The Dragon is testing Friday's high...

Dragon Riders GBP/JPY

Now the real question of course is this one : will GBP/JPY finally touch 148 and drop like a stone, this time...?

Dragon Riders GBP/JPY

Due to low liquidity, trading during the summer is very hard anyway, the worst month being August. But it's still possible to catch a few good trends here and there.

Dragon Riders GBP/JPY

Extremely small gap on the GBP/JPY this Sunday. Oh boy, this usually means a very quiet week ahead, as far as this pair is concerned...

Dragon Riders GBP/JPY