You gotta risk it to get the biscuit. The only other way is the Holy Grail, and I'm pretty sure that's called "holy" for a reason. We probably won't see anything remotely close to that until we get the heaven. Sadly, my life expectancy has yet to be ...

Dragon Riders GBP/JPY

Agreed. This is a nightmare. I keep getting stopped out at the key points. I'm just going back to bed.

Dragon Riders GBP/JPY

And you were absolutely correct. One more good reason to stay cautious about holiday trading...especially with the dragon.

Dragon Riders GBP/JPY

Curious. Why didn't it retest the previous support of 181.00? That was the support for early/mid November. Ah well, who cares as to why it's doing that. Might as well go with the flow.

Dragon Riders GBP/JPY

At this point, all I can say is squeeze 10~30pips on the bounce/correction back from psychological supports and resistance. That's the only thing that's working so far; forget fibonacci pivot points. They're getting rejected left and right. I'm ...

USD/JPY Discussion

U.S. stocks are doing bad. Many say it's due to falling oil prices, but what's for certain is that the U.S. stock performance does affect the bullish sentiment for the dollar on a intraday basis. So this decline was expected when the exchange ...

USD/JPY Discussion

While Fx-Ray said that the next support following the breach of this decision point will be around 181.1/10.90, I think we'll see a small bounce around 183, which was a repeatedly tested resistance back in the 3rd week of November (Nov 14-20). Of ...

Dragon Riders GBP/JPY

I have a bit of an early question, but let's just do it for fun seeing as how the market is being rather temperamental and forcing us to simply stay on the sidelines. What are your yearly prediction about the geppy? By the end of 2014 (i.e. end of ...

Dragon Riders GBP/JPY

Why 80ish though? Wouldn't the price try and test the 185 psychological resistance? I personally think 185 would be the make-or-break for a retest of 185.70/50 or going down back to 184-ish

Dragon Riders GBP/JPY

I'd say it's closer to >.28 to <.60 But all in all, I agree. The damn price is stuck at 184, which appens to be one of the bigger supports. Honestly, I'm expecting a bounce to 185, or even the previous decision point/intraday support of 185.50 (all ...

Dragon Riders GBP/JPY

Huzzah! Finally, a sign to show that we will move from the 118.745 resistance. Up or down, I don't care. I'm just annoyed at the fact that on the 1 minute chrt, it's tested that goddamn resistance 9 times in the past 2 hours.

USD/JPY Discussion

both aren't mutually exclusive. A think market is caused by low quantity of buyers and sellers, so each abrupt movement can make it look "out of whack".

USD/JPY Discussion

Possibly a retest? The market is out of whack right now. We're seem to be in for a correction, but bulls seem to be fighting to keep this area alive.

USD/JPY Discussion

No. We don't buy until we see a clearer picture; current price doesn't have good risk to profit ratio

Dragon Riders GBP/JPY

Probably? No, it's guaranteed. Japan's parliament already acknowledged that on T.V.; go look up Abe Shinzo's pre-election interviews and T.V. media appearances. The problem for retail traders here is that most people think it'll go up automatically. ...

USD/JPY Discussion

Yeah,the Japanese parliamentary elections remind me of the Scottish referendum. But I guess the main difference is that we're 100% certain the geppy will go up later, so the correction to the downside will be limited overall. It'll still be enough ...

Dragon Riders GBP/JPY

I have two words for you, Liam: Scottish Referendum. This Japanese election reminds me of just that: predictable results, and opposite movement just following the results of the votes. I think the market makers already cashed in and are trying to ...

USD/JPY Discussion

We have a significant dip in prices within the first 10 minutes...unfortunately, most of my shorts are a bit lacking in profit, seeing as how my broker's spread just jumped to 8 pips in the GBP/JPY. At least its leverage is high and its data & ...

USD/JPY Discussion

The "xxx/JPY" pairs are unknown for intraday trend. Ask the veteran users of Forex Factory; many of them have wide ranges and are staying back to see how the market reacts on Sunday. This is because practically everyone expected Abe Shinzo to win, ...

USD/JPY Discussion

Given the 90%+ chance that Abe Shinzo will win, at best we'll see a consolidation of prices for an even bigger move up in the longer term as the yen is devalued by their own government. Barring unforseen events, I view a price below 180 (previous ...

Dragon Riders GBP/JPY