Watch the previous supports/resistances, and look up the fibonacci points. If you don't know how to find it, look online. Those points will be where you see the momentum for an increase/decrease in price. Or, if you're inconfident, you could wait ...

Dragon Riders GBP/JPY

It seems that the descending trendzone (first began on Dec. 5 and restarted in Dec 11) is intact. If this remains valid, we'll likely see the first major resistance at a retest of the 185 support (plus or minus a few pips). Unfortunately, Friday ...

Dragon Riders GBP/JPY

Which is why I said 187.20 will be it as the resistance if the MM already cashed in on the news beforehand as a leak Edit: Basically, the area around 187.20 will be the key mark; I don't necessarily expect to hit that price, but I do expect it to be ...

Dragon Riders GBP/JPY

We're seeing a retest of the former resistance for the descending intraday trend (around 118.5, plus or minus 20 pips). If it holds as support, we will likely retest 119.50. After that, we'll have to see how the market reacts. But there is a ...

USD/JPY Discussion

What the...U.S. consumer sentiment is WAY above average. i expect a retest of 187.80. Looks like the previous bearish move didn't fully invalidate the intraday bullish momentum. Edit: Forgot to put this. 187.20 might be it if the market makers ...

Dragon Riders GBP/JPY

U.S. consumer sentiment is EXTREMELY bullish. We're going to go up for Friday; bears should close their shorts. The news is obscenely good. Note: this is all in terms of intraday.

USD/JPY Discussion

Aaaaand of course we see the geppy rise back above 186.20 following a bearish U.S. PPI. Then again, with the oil prices as of late, I guess it might have been predictable enough to have been cashed in prior, and we still have the consumer sentiment ...

Dragon Riders GBP/JPY

I know this is a bit early, but I get a bad feeling about Japan's elections. It's practically a given that Abe Shinzo's party will take the majority, and he'll likely stay. In fact, it'll require a major outlier event to prevent this, and given Abe ...

Dragon Riders GBP/JPY

It could also be that it's just taking time to soak the information in. Not all major news start with an "oomph". Some take 30 minutes~1 hour to get their news to affect the market. But personally, I think the consumer sentiment would play the ...

EURUSD

The U.S. news in 43 minutes will probably make or break everything. And then after a few hours (3~4), I expect the market to taper off as it prepares to close for the weekend

Dragon Riders GBP/JPY

we're at the pivot point now. we'll see something. I don't know what, but it's something.

USD/JPY Discussion

Possible, but not for now. There's strong support at the major "xxx"JPY" pairs on the Dec 12 lows, and we haven't quite finished the intraday bullish momentum; there's a definite chance of retesting 119.55 within today. I myself am leaning towards ...

USD/JPY Discussion

Pay attention to the Chinese news coming in 1 minute (ex: industrial production. Chinese renminbi (yuan) = competitor of U.S. dollar. If China's news = bearish, it's good for the dollar = good for USD/JPY. The news won't make a massive immediate ...

USD/JPY Discussion

We seem to have an ascending triangle with the main resistance at 187.20. this, plus the fact that general momentum is bullish in favor of retesting 187.80, means that we're close to having a breakout. I'd say 65%~70% we'll see 187.80, but just in ...

Dragon Riders GBP/JPY

It's tokyo market hours. It's finally here. The GBP/JPY is showing a decent bullish momentum; I suspect that 187.20 is what's holding the bulls back from retesting 187.60/80 (Ray's DP and Dec 4 support) I get a good feeling of retesting that area ...

Dragon Riders GBP/JPY

Get ready for the Tokyo market. The New York market finished its momentum; now we're in limbo, I guess. Funny thing is, the Sydney market doesn't tend to move the geppy or most of the pairs I trade. Then again, I usually don't trade the Aussie.

Dragon Riders GBP/JPY

Just curious, Ray, but how come your decision points always have 20 pips of difference? I understand that finding the exact point is difficult if not impossible, but what about 10 pips or 30 pips? Is there any particular reason for your 20 pip ...

Dragon Riders GBP/JPY

Bearish. Why? 1) The breach of 1.2450 was caused by poor U.S. stock performance 2) the recent fall from 1.250 to 1.2360 was caused by EXTREMELY good U.S. data on retail sales, unemployment claims, and etc. 3) we're still in a downward trend. ...

EURUSD

Yup. But I don't see that happening today; by 189, the bulls would have gone up 400pips already. I know U.S. data is good and well, but I'm definitely expecting a correction around the 189-190 mark. Edit: I have no idea whether 187.80 will be ...

Dragon Riders GBP/JPY

I think if we maintain price above 186.20/40 in the event of a correction down from 187.20, we'll probably see 187.80. If not, I think price will start bouncing with bulls & bears duking it out. I'll probably take profit on my long and stay flat. ...

Dragon Riders GBP/JPY