Just like the U.S. equities market, the game is changing to sell the rip instead of buy the dip. I was 110 pips under water last night and now in profit once again. Target is 175.50 for 400 pips of downside.

Dragon Riders GBP/JPY

I would like to do a little experiment on the DAILY chart and see how long it takes for GBP/JPY to fall to 175.40. Using mild leverage, no stop loss and will provide updates from today onward. Sell order filled at the market price of 179.40. 10:37 ...

Dragon Riders GBP/JPY

Good to see you here MPT. It's time for the GBP/USD, AUD/USD and EUR/USD to shine now. The USD bull trade is off now. Enjoy plenty of pips. Long EUR/USD from 118.12

Geppy's Geppy Thread (GBP/JPY)

Yeah, lol! I'm in it now and holding euros for the rest of the week. Nice one Ally! 1.1807 and even lower. Excellent scalp.

Dragon Riders GBP/JPY

It's the negative rates on the euro that scare me going long. No incentive in the world to hold euros now and right from Frankfurt, from the man himself QE is coming to Europe but I must ask how much of this is already pricd in? I'm not gonna get ...

Dragon Riders GBP/JPY

By now it's oversold I think. The ECB is not going to announce QE until the 22nd. The selling will take a huge break here and then the coup de grace from Draghi.

Dragon Riders GBP/JPY

Long EUR/USD @ 118.12 for the FOMC meeting.

Dragon Riders GBP/JPY

Closed, + 19 pips on the GJ short from 180.44. Should have stayed in, would have had + 40 instead. Patience, patience. It would be nice to hear some dovish USD talk with today's FOMC. Otherwise the Euro, Aussie and Pound are going through new floors.

Dragon Riders GBP/JPY

Thanks Ray, short @ 180.44 now. Stock futures are bright green though and might have to escape at BE, we will see.

Dragon Riders GBP/JPY

Closed the long from 179.73 in NY in London @ 180.06 for 33 pips. Went long again from 179.97 and TP'd pre N.Y. at 180.28 for another 31.

Dragon Riders GBP/JPY

Sounds very likely indeed. One piece has to fit though. The DOW Jones top must not be 18,000 but higher. If it is not then we are in a major corrective downtrend with the top of GJ being 189.69. When Japan hits that inflation target of 2% the ride ...

Dragon Riders GBP/JPY

That was a great trade Ray. I'm going to hang in there for the next day or two. 181 could be the new top here before it heads lower and sellers have some upside risk to deal with now on a short covering rally. Long 179.73

Dragon Riders GBP/JPY

300 pips down for 1 day is overdone I think Ray. I better just stay in now.

Dragon Riders GBP/JPY

Looks like I caught the falling knife. Staying in to see the 12 pm candle.

Dragon Riders GBP/JPY

Long @ 179.73

Dragon Riders GBP/JPY

Short again at 180.20. The next test should be at 179.64 with the weekly candle across from this one, NOV 3rd of last year.

Dragon Riders GBP/JPY

Perhaps the QE Draghi plans to announce on the 22nd is already priced in. Will take a very large purchase operation to bring the euro lower from here.

Dragon Riders GBP/JPY

Every pop must be sold as the powers that be will not allow oil prices to collapse. The money is now flowing into oil and out of stocks. GBP/JPY along for the plummet. + 10 pips long AUD and + 15 short GBP/JPY on that pathetic short covering price ...

Dragon Riders GBP/JPY

Seeing how the bank algorithms have completely switched up it's my goal now to go for 10 pips a day to profit and minimize my exposure. That move to almost 190 maxed out on the MONTHLY chart and that was it, THE TOP. A monster rally is coming soon ...

Dragon Riders GBP/JPY

NOW it hits the bottom LOL!! Terrible start for the new year for me. 181.50? yeah.

Dragon Riders GBP/JPY