1.2350~1.2400 should be the usual upward limit for the bounce for the Loonie if we've another leg lower prior to the next NY session. However, if 1.2350 resistance is broken above and holds as support, just be wary of further corrections. The ...

USD/CAD

Testing a short-term long for the usd/cad at 1.22980. Manual soft SL, hard SL at 1.22650. Targets are 1.2350, 1.2400/1.2380, 1.24500, 1.2500, 1.2550. Price might swerve halfway between my targets, so that's something to be wary of. Current TP is set ...

USD/CAD

Glorious profits from 1.48100 short. I knew it right when Draghi mentioned his change in wording about his "expectations" of the QE. Update: Locked in 18 pips in profits. Now I'll just let it run, and move SL accordingly if we keep going down.

Cable Update (GBPUSD)

Not necessarily. ~1.48200/150 is what I'd consider the next resistance. 1.48 itself isn't too clear. Honestly, it's up to the euro (and a bit of the canadian dollar) now. If the dollar still tops out over both in the coming hours, then the cable ...

Cable Update (GBPUSD)

Regarding ECB stimulus: difference between "expected" (before) and "intended" (recent). Not a good signal for the Euro. Draghi loves his technicalities on his words, but these "changes" are pretty significant. Also, consider that the eur/usd is ...

Cable Update (GBPUSD)

But you have to admit, that was absolutely hilarious. Nice way to start the day.

EURUSD

Possible. If cable breaks below 1.47600, I expect 176.00/175.80 as the next main support for the geppy. Cable is being ridiculously stubborn at 1.47600; following a breach above, we've tested it it 4 times already, and price hasn't moved out of the ...

Dragon Riders GBP/JPY

For the downside, IF we get a clear break below the fibonacci support of 1.47600, then it likely that we'll test 1.4700. It is also possible to test the next fibonaccci support of 1.46400, but it's not guaranteed. It really depends on whether ...

Cable Update (GBPUSD)

Took profit on all longs at 1.46770. I believe current ongoing trend is in favor of downside, though that may or may not change after moving down a few supports.

Dragon Riders GBP/JPY

Adjusted SL on my gbp/usd longs to 1.46210.

Dragon Riders GBP/JPY

I do. Congrats on almost doubling your initial deposit in that account, by the way.

EURUSD

10 whole lots....that's quite a position you have there. The most I ever had so far was 3.75 lots in one go...then again, my account is less than a third of what you have, so that's that.

EURUSD

Good luck. Where are you targeting, by the way? Update: Moved SL for gbp/usd longs to 1.461150.

Dragon Riders GBP/JPY

Went long on gbp/usd on 1.46476, 1.46425. Initial targets are 1.4700, 1.473600, 1.47600 Manual soft SL, hard SL is 1.45900. If my hard SL gets hit, I will be most displeased (which is probably why I'm currently glued to my screen and watching every ...

Dragon Riders GBP/JPY

Yeah, not feeling good about gbp/usd shorts. Just closed my longs at 1.46470 for 5 pips in profit. I might add a long. We'll see.

Dragon Riders GBP/JPY

yen being devalued = usd/jpy goes up. I expect a test of 125+ within this year at least, barring unforseen circumstances (ex: surprise economic stimulus, change in current state of economy in Japan and/or USA, etc.)

Dragon Riders GBP/JPY

Just trade the price action. Actually, you could just trade the cable instead. Cable is a leading indicator of geppy strength, after all. It'll be a close enough substitute.

Dragon Riders GBP/JPY

Abe's advisor is being a jackass. To be honest though, if you're looking to hold trades on a mid-term basis (weeks ~ months), this may be a decent price to load, since the yen has nowhere to go in 2015 but be devalued over time. I'm worried about ...

Dragon Riders GBP/JPY

Oh, good god. Now I know why some brokers have increased margin requirements for the yen. It's because the BOJ keeps pulling crap like this. It's like a miniature version of the surprise QE they announced around Oct. 31 of 2014, only this time, they ...

EURUSD