No, you're absolutely NOT stupid. Don't let anyone tell you that. Normally, it's considered suicide trying to follow prices by going straight in the assumed direction of news. It's just that this is an exception, since the potential fallout of a ...

EURUSD

Ignore standard support/resistance as determinants for trend. Look at news from Greece, and compare each of the major updates to the price movement in eur/usd. Honestly, it's been driving the entire market this week. Intraday trend from Greek ...

EURUSD

Answer: neither bulls or bears. It's Greece again. Apparently, we've all but confirmed an extension for Greece (i.e. Grexit fears gone for now =overall market doesn't have to worry about some economic shithole from Greece flying about, like say bank ...

Dragon Riders GBP/JPY

It is a bit depressing. We dropped nearly 200 pips in the past 10 hours, and it just pops right back up to square one. Even on your winning trades, you can't help but wonder what would it be like if you closed earlier, say at 182. We're now at ...

Dragon Riders GBP/JPY

Well, there's my new mantra for the start of 2015: Blame Grexit. Or more specifically, the Greek bailout issue. Evrey time we get a breaking announcement, the gbp/jpy just stops what it was doing and lurches towards the direction of the news. Can't ...

Dragon Riders GBP/JPY

Short triggered. Currently watching 183.60/50. If it goes above that, I'm closing both shorts. Current trade size is 2:1 for shorts at 184 & 183.00, so it'll be a small profit of 20pips if we break above. At worst case (ex: a 30 pip immediate jump), ...

Dragon Riders GBP/JPY

Wait for next week? It's new lunar year, so asian markets can be a bit weirder than usual. China's bank is currently AFK right now for the week, even. Don't know if this helps, but for me, unless we reprint 184, I'm gunning for 181/180.90

Dragon Riders GBP/JPY

Well, I guess tping at 182.00 from a 182.50 short turned out to be a sound investment. I'll take a small short at 183. optimal TP 180, Initial target at 181.70, 181.00. SL at a marked penetration above 183.40 (so 183.60-ish). Might leave early if ...

Dragon Riders GBP/JPY

Took profit on 182.50 short at 182. Going to watch 182.20 for now.

Dragon Riders GBP/JPY

Good chance of bouncing to 181.90 or 182 after 181.50 is printed. You plan on holding as a scalp? It might keep going up for a few dozen more pips, like a miniature version of last time. We still have to break 181.70 first though, like Ray said.

Dragon Riders GBP/JPY

I'd like to see 181.50 get penetrated today. Long from 183.40 essentially broke even with 2 pips in profit after price kept going below 183.50. Then I decided to keep waiting and waiting only for the price to keep dropping. Saw 182.50 as resistance, ...

Dragon Riders GBP/JPY

I'm minimizing my trade size in the yen pairs right now. Other than my long at 183.40, I'm flat. Price action is being rather annoying, and will likely not resolve itself until London wakes up. Long SL at 183.10, TP at 184.10/00 There's better ...

Dragon Riders GBP/JPY

Heineken isn't THAT great (I don't think beer aficionados enjoy standard brand products), but I know it's better than South Korea's offerings though. In there, you get watered down crap that can't even be properly called beer (it's a national joke ...

Dragon Riders GBP/JPY

At least you had some. The only thing I've access to is those cheap soda-like liquor (4 loko). Speaking of beers, what kind of beer was it?

Dragon Riders GBP/JPY

Price fall is due to Japanese PMI being good. It's minor news. I expect upper areas~184 for now. Edit: accidentally clicked sell instead of buy at 183.40. I switched it, but it still cost me $10.

Dragon Riders GBP/JPY

image Hah; love the reference. Only question is up or down....

Dragon Riders GBP/JPY

35 pips is good. Sorry about the confusion-for me, I refer to anything below 40,50 pips in the gbp/jpy to be a scalp given its volatility. Mmm. I can see gbp/usd bears facing competition around 1.5380. Similar situation for eur/gbp; all the major ...

Dragon Riders GBP/JPY

I'm guessing you're scalping at 183? The usd/jpy looks somewhat precarious on the hourly; if 118.80 is breached for usd/jpy, Then we've a good chance of just falling through to 182.50 for the geppy without much bounce from 183. And 119 seems to be a ...

Dragon Riders GBP/JPY