139.50, the 120 EMA.

Dragon Riders GBP/JPY

139 in 3 weeks.

Dragon Riders GBP/JPY

At 1.2780 we will be hitting the weekly 14 EMA and it will not rise above this resistance because the dollar bulls are back in force with a DEC rate hike certainty and fiscal stimulus. Much uncertainty also remains in regard to what deal Britain can ...

Lock's Cable Corner

Hit GBP/AUD last night, woke up and logged in my account and was like whoa!

Lock's Cable Corner

Wow, hats off to you there, over 500 pips in a day? The time of GBP is here.

Lock's Cable Corner

USD is ready to spike with a Hillary win.

Lock's Cable Corner

Much thanks Lock. The hard Brexit scenario, stagnating economy, an increase in QE and a November rate cut were all considered and "priced in." The commonality among these factors was that they were potential future events with great probability ...

Lock's Cable Corner

On this double whammy I'm looking for a longer and more meaningful reversal given that UK exit will no longer be a hard Brexit on the UK High Court's decision. The other reason is the BOE's reversal on the economic assessment means no rate cute and ...

Lock's Cable Corner

One more push down and SELL EUR/GBP, BUY GBP/JPY and BUY GBP/USD.

Lock's Cable Corner

Buy it when it tanks. Dang, I bought at 1.2150 and closed at 100 pips but didn't re-buy when it tanked. Missed out on this resurgence before the UK High Court decision.

Lock's Cable Corner

Just how it's very resilient to go below 1.2100 and how the UK economy has done so much better than though of post Brexit, long positioning is the way now I think. Buy dips. After DEC there will probably be only 1 more rate hike in the U.S. if any. ...

Lock's Cable Corner

So if the UK High Court rules Government can trigger article 50 GBP may sink a little more but if it requires parliament we get a huge spike upward. I'm staying out until after.

Lock's Cable Corner

There will be extreme volatility tomorrow......... url

Lock's Cable Corner

Thanks. Yes, we are in the era of HFT, Black Box algos, microwave towers. The time of the Quant. What system addicts they don't get is that persistent themes create the medium term technicals. If you can know not only what the banks are doing but ...

False Prophets

It really can be done. I went from being a consistent loser and then one week I just stopped losing. It was around the time the last guy from our original beginners group quit. I was least likely to succeed but just sticking with it when others left ...

Consider yourself blessed

Have you ever seen a Fundamentals thread? I never have, all technical B.S. No CFTC weekly data, no correlations to the currencies with oil, gold, S&P. No central bank policy chat. No themes that the market is focusing on for the week. No thesis, all ...

False Prophets

It has found a footing now, selling will only reveal a very small time window for gains because you would be selling the retracement of an uptrend.

Dragon Riders GBP/JPY