Sure, some pairs are easier to trade than other currency pairs, but for me they all offer trading opportunities every day/week/month. Personally I follow them all, 28 different currency pairs to be exact (from the majors: EUR, USD, JPY, GBP, AUD, ...

Dragon Riders GBP/JPY

You have a pending short order on USD/JPY at 109.00, 500 pips below current price, is that correct? If so what time frame are using, daily, weekly?

Dragon Riders GBP/JPY

Not so sure about that, because if fundamental analysis had any predictive power, economics professors would all be billionaires by now. There is no doubt in my mind that we don't need macros to make profitable trading decisions. We can make a good ...

Dragon Riders GBP/JPY

For me fundamentals are totally useless as a predictive tool on future market movement. At best they can explain the WHY (after the facts of course...), but they can never give us the WHEN and HOW (specific entry/exit points, stop loss, targets, % ...

Dragon Riders GBP/JPY

What "BS" cross pairs exactly, Malcolmb?

Dragon Riders GBP/JPY

You are welcome, glad to hear that you are earning pips again.

Dragon Riders GBP/JPY

(Out at 1.78, +100 pips. In the meantime GBP/JPY is still going nowhere )

Dragon Riders GBP/JPY

Yep, everyone is waiting for that magical 148. The only problem is that it could take days and days of lousy, going-nowhere price action to get there... If you still want to bet on the Yen use AUD/JPY, EUR/JPY or other crosses for example, the trend ...

Dragon Riders GBP/JPY

Well it all depends on your time frame of course, and your risk tolerance. For instance, are you looking for a quick profit (say 20 pips) on the 5-min or a bigger gain on the hourly or 4h time frame (which requires a bigger stop)? On the 15-min we ...

Dragon Riders GBP/JPY

GBP/NZD is moving (long at 1.77 since beginning of the Asian session). In the meantime the Dragon is going nowhere. Go where the action is folks, ride the fast horses and dump the turtles, never lose your time with ANY particular currency pair... ...

Dragon Riders GBP/JPY

In general, after 10 AM (EST) traders should not try to trade against the intraday trend, as a complete reversal at that point is unlikely.

Dragon Riders GBP/JPY

So what is the most probable scenario for this week? Very simple, up to 148 and then down down down, free fall style, end of story video

Dragon Riders GBP/JPY

And out at 147.20, +40 pips in less than 4 hours. Thanks Mr. Dragon. Now beat it and go read a book or something.

Dragon Riders GBP/JPY

Fly Dragon, fly! Next possible stop is 147.20 (my target precisely, what a strange coincidence )

Dragon Riders GBP/JPY

I don't know what Kuroda said but who cares CNY Producer Price Index in less than 45 minutes, the Yuan can move the Yen in a big way sometimes, so watch out for this one...

Dragon Riders GBP/JPY

Sold half my position at 1.47.

Dragon Riders GBP/JPY

Bank of Japan Kuroda's speech plus JPY Trade Balance report in a few hours, not sure if it's going to have any impact on the Yen, as always. Well maybe 10 pips, and I am generous

Dragon Riders GBP/JPY

Long at 146.80, looking for 40 pips. Let's see now.

Dragon Riders GBP/JPY

Here is your same daily chart but seen from a different angle, the "get-ready-to-short-the-hell-out-of-the-Pound/Yen" angle...

Dragon Riders GBP/JPY

Yes the Dragon is probably going to hit 148 next week and say something like "Alright folks, that's as far as I am going to go, everybody out now, time for me to go South."

Dragon Riders GBP/JPY