Why .88? Wasn't yesterday's high at 186.920 or something like that?

Dragon Riders GBP/JPY

Is the EUR/USD dead? It's not doing anything. No bounce, no test of 1.236, nothing. *insert random comment about how market makers are trying to prevent me from profiting on this pair*

EURUSD

Oh, I'm LONG, alright. I've been longing for 12 hours straight with about 10 different trades on Monday. Check out the thread "Dragon Riders" and move back a few pages; I posted my profit for the day and it was glorious. Unfortunately....its not ...

EURUSD

For the time being, your 1.25 is practically safe, though I can't say the same for your 1.245. You might see a temporary loss on your second trade; price can still technically reach as high as the upper 1.2400s (ex: 1.2488) while still maintaining ...

EURUSD

I wonder if I should reload now, or hope for another test of the 1.2360 mark. As much as I'd love to wait a bit more and reload right on the support of the descending triangle, I'd hate for it to just bounce back up to 1.2450 a few hours later. Any ...

EURUSD

Probably. My predicted bounce range of 1.2420~1.2450 is within the triangle as well. Good luck on your EUR/USD trades!

EURUSD

That's accurate. We have a major tested support at around this area (1.2360). In all likelyhood, expect a bounce up to lower/mid 1.2400 range before declining again. Of course, if the bounces goes beyond that, then we're in for a bigger move up, but ...

EURUSD

Because it's predictable to the point where it's profitable. Market Makers like banks, fundies, and even gov. institutions engage in this. Would like to compete against them with all their financial might? i'm guessing you're relatively new to the ...

EURUSD

Because we're talking about intraday scalping terms. Markets often don't go one direction on intradays. Number one rule of macroeconomics (and by extension, forex): While economies (and thus, prices of currencies) will act predictably in the long ...

EURUSD

*facepalm* Sorry; typo. I still haven't slept much since my GBP/JPY trading days. I think I'm still in cloud 9 after earning $1900 in 12 hours. I mean 1.2420 and 1.2450 for the bounce. Which do you think is more likely? (i.e. you think it's 1.2435, ...

EURUSD

Depends on your margin. Do you have plenty left? Or did you invest a signifcant portion already? As of now, it's more likely tht the 1.2400 line will hold for today, so we're probably going to see a small bounce upwards in prices (1.4200~1.4500). On ...

EURUSD

Hey Tyrant, My guess is a bounce of the EURUSD up to at least 1.4250 or 1.4500 before resuming fall for today. Which do you think could be closer?

EURUSD

Don't. At best, you can only target around 185.330 right now, and that's not optimal odds. There's too much risk in holding a short position that far under current circumstances.

Dragon Riders GBP/JPY

I agree with you. But I'm still holding 2 medium shorts at 186.225 and one small short at 186.250. I get the feeling the bullish breakout won't happen that soon, so I'm hoping to pocket a few extra. Still, even if it doesn't go my way, my SL is ...

Dragon Riders GBP/JPY

If every Monday was like this, I wouldn't mind staying up all night from Sunday like today. Haven't slept for about 25 hours and 10 minutes, but who cares. Today was a wonderful day. Not bad for half a day's work. image ....sad thing is, I'll ...

Dragon Riders GBP/JPY

I liquidated all my positions the moment US news came positive. All positions closed at 185.777 & 185.789 respectively. I lost about a dozen pips in potential profit, but I still came out on top. Current Status: waiting to see effects of U.S. PMI ...

Dragon Riders GBP/JPY

Same. Shorted 1 lot at 186.194, initial TP at 185.2 (or 185.00). I'm watching the US ISM manufacturing PMI for a potential movement in the GBP/JPY and USD/JPY.

Dragon Riders GBP/JPY

Closed my longs at 186.023. There's a good chance we'll retest today's highs (186.30), but I didn't want to risk it. Since I can't even estimate the price it'll fall down to before going back up to retest the resistance, I decided to take profit ...

Dragon Riders GBP/JPY

Agreed. But I'd be careful about applying that strategy all the time for the geppy; chart patterns often turn out incorrect, and this case is really an exception.

Dragon Riders GBP/JPY

Pretty much. I also expect a significant intraday correction soon; I'm only long right now in an attempt to scalp the bullish news. Once we reach the top of the triangle, I'm probably going to short depending on the chart.

Dragon Riders GBP/JPY