Here is my chart. Took another short here because the 220 EMA on the H4, the white line should stop it. Let me know what you think. url

Dragon Riders GBP/JPY

There is some serious flaw in my MM. Many times I've been in profit and stayed in for some definitive direction that never materialized only to see a huge draw manifest.

Dragon Riders GBP/JPY

Yes, take all the general market risk that abounds, all the intelligent analysis. Weigh both sides of the pair and what is occuring with their economy of both countries. Then go to the technicals and get a consensus of great opinions. After this ...

Dragon Riders GBP/JPY

Lost another 45 pips on the short side of GJ. I better just realize that this market is completely fixed and USD/JPY HAS to rise. Buy all dips. If UJ does not rise that means central bank policies are not working and that is something that can never ...

Dragon Riders GBP/JPY

Morning all. Almost midnight for me.

Dragon Riders GBP/JPY

Wow, this is why I like this thread. The previous page was full of great fundamental analysis. The weightings of price drivers both bullish and bearish. I agree with MPT, at least 173 before a clear channel upward is established. Reading the ...

Dragon Riders GBP/JPY

On the other side of the coin, China is going to initiate stimulus and stocks are higher. There is some risk appetite coming back in. The UK election however is muddled and the bank of Japan won't send another wave until OCT. supposedly. The safer ...

Dragon Riders GBP/JPY

Agreed, H4 indicates another leg lower before a bullish channel is established. This is like a fake interim channel.

Dragon Riders GBP/JPY

Indeed and well supported at the 120 and 220 EMA lines on the H1. I could see 179.50.

Dragon Riders GBP/JPY

Good wisdom. I also think risk appetite will suddenly sour. "They" are already planning to sink these pairs and offload risk I'm sure. GBP/JPY to 173. H4 is way to slow for me now. To manage risk better I have to be with the 5 minute chart late ...

Dragon Riders GBP/JPY

Euros scare me. No reason to buy a no bench rate money. It's fluff now, a funding currency. Still short GJ from 177.83 CAD/JPY should fall after a stop run tonight.

Dragon Riders GBP/JPY

HAHAHA! This looks to be the perfect place to buy and that is the reason "they" will sell it down. I see as zig zag continually lower until that 173. multi million dollar algos are awesome. They make you think the price is rising when in fact it's ...

Dragon Riders GBP/JPY

Yellow diamonds says top 9%, CONGRATS! I'm seeing 173 on G/J before a long but BOJ intervention can stop the sellers. The BOJ admits to buying stocks on 143 days when the Nikkei 225 was about to close in the red. Still many whispers are being heard ...

Dragon Riders GBP/JPY

Scalping this pair is possible and profitable but I'd like to profit now on those 300-400 pip moves so the H4 and daily suit me more now. Just have to keep the SL loose and note general direction, market risk appetite and see what bank traders are ...

Dragon Riders GBP/JPY

Euro/Aussie right? My GF is in that now, kinda bogged down with an entry of 1.3974. Hope for her sake it does get there.

Dragon Riders GBP/JPY

Haha, thanks Raiders. It was a crappy short entry but in some profit now.

Dragon Riders GBP/JPY

Retest on the 174 area is coming I think. The BOE side is a known. The BOJ side remains to be seen. Analysts are split on any impending easing after April 30. Some say Abe has no choice but to ease or Japan will be in deflate mode by fall. Others ...

Dragon Riders GBP/JPY

Oh my! So sad. A true pro and one of the 5% that actually makes money in this almost unsolvable puzzle of currency trading. Thank You FX-Ray for all your efforts, wisdom and this new thread. Please come back to visit us sometime.

Dragon Riders GBP/JPY

After a 70 pip draw from a sell @ 177.83 I now have 10 pips. A new style trader blazing his own path on the dragon trail. Risk to reward ratio baby yeah!

Dragon Riders GBP/JPY

51 pip draw on my H4 sell @ 177.83. Staying short over the weekend.

Dragon Riders GBP/JPY