Wait-maybe my values for the variables were wrong. Did i get them right? time elapsed=time elapsed since start of new trading day (...5pm est?) Current range = range between current daily high and low Time remaining = time remaining on trading day ...

Dragon Riders GBP/JPY

so the formula is (Time Elapsed/current range)/(time remaining/main target distance) ? So the odds of retesting yesterday's lows (182.30) would be..... (960/80)/(480/50) x 100 = 125%? That's a bit weird.

Dragon Riders GBP/JPY

Ray, what are the odds that the usd/jpy and gbp/jpy fall to their main supports TODAY? (i.e. gbp/jpy falling to around 181, usd/jpy falling to 117.20) Because after another leg down, it's pretty much a 100pip+ freefall from there from what I can see ...

Dragon Riders GBP/JPY

Agreed. Here's an addendum: when bias sees hesitation at a key support/resistance/fibonacci point, pack up and get ready to reload at a better price. I woke up late and lost early 10 pips in profit because I didn't leave early, but it's better than ...

USD/JPY Discussion

Wow. 183 must really be a favorite for volatility. Closed all positions. I'm staying flat for now. Edit: Looks like a bearish ascending triangle. Nevermind. Loaded short at resistance. Pretty tight SL.

Dragon Riders GBP/JPY

Back to square one at 183. Oh wow.

Dragon Riders GBP/JPY

Not longing the GU until we see a retracement. And I'm probably going to short it around 1.545/4 as well. I wonder if anyone is going to long the geppy at this price right now without the intent to scalp.

Dragon Riders GBP/JPY

It's going to fall. GU's rising a bit too quickly, while the western yen pairs (i.e. usd/jpy) is falling. In terms of relationships, geppy is closer to the usd/jpy than gbp/jpy. Honestly, the pound sterling seems overbought with the over-the-top ...

Dragon Riders GBP/JPY

Based on the extention of the drop and the amount of "compressed" market tension at 183, I expect to go below the previous support (61.8 retracement at around 182.30) provided this isn't a bear trap. I'd say anything down to 181, the 100% ...

Dragon Riders GBP/JPY

It's not that hard, true, but it WAS annoying. Over 9 hours of waiting on 183, and in the past three hours, we're tested 183 more than a dozen times, only to keep bouncing back up. So happy the market decided to go somewhere. So very happy.

Dragon Riders GBP/JPY

Movement to the downside. Instant 50pip drop in the minute chart. Well, that WAS fast , after all.

Dragon Riders GBP/JPY

Yawn. It looks like geppy really wanted to test lower areas below 183, but it's being held up. It's been nearly 9 hours since we first came back up 183. I might just hit the sack and put a large SL instead.

Dragon Riders GBP/JPY

Stiff struggle. We keep swapping back and forth between 183. The move from here, wherever it may go, will be big and fast.

Dragon Riders GBP/JPY

One minute and five minute ichimoku charts seem to offer a surprising degree of information on areas of struggle between bulls and bears. Normally I prefer to take a more long term view, but this is an exception, i guess. image

Dragon Riders GBP/JPY

You're forgetting that it's 2015. It' the year of Forex surprises, Bank shocks, and high impact world events. Honestly, things haven't been this hectic for me in a long time.

Dragon Riders GBP/JPY

Just wait and see, I guess. More importantly, we're probably going to rest the 38.2 retracement from yesterday's highs (183) one more time, or somewhere near that anyway. Bulls need to see a bounce from that to 183.40 to get anything going, while ...

Dragon Riders GBP/JPY

Oh come on. We just barely hit 183.30, and it dropped to 183. I wanted 183.40 to short =/ geppy is looking like it wants to have another bear run....but I have no positions as of yet

Dragon Riders GBP/JPY

Oh, so it was a dog. For some reason, I always thought your picture was Stewie from Family Guy with his face painted black and white.

Dragon Riders GBP/JPY

I placed a limit sell order at 183.40 a few hours ago. Huh. Just off by 7 pips Will add further shorts if 183 is penetrated. Partials to be taken around 182.20/00. SL is halfway above fib retracement to 0%, subject to manual intervention. Also, ...

Dragon Riders GBP/JPY

YES. No further explanations necessary. ......Still waiting for 182.20/00 to print. We'll see yet another annoying bounce there.

Dragon Riders GBP/JPY