No. There is one game changer: Today's morning highs are now at 186.30, instead of 186. This means higher range to scalp, and more importantly, bullish bias is still dominant (especially since British PMI was better than expected). I wouldn't go ...

Dragon Riders GBP/JPY

PMI for Britain at 53.5; it's a 4 month high and higher than expected. Now let's see how the market reacts. Edit: Waaaaait. there's no massive shift up or down following the announcement? Why? Oh, that's right-PMIs are done by markit, which is ...

Dragon Riders GBP/JPY

Added a small long at 185.040, kept a small/medium long at 185.381. Both stop losses set at 184.975. Let's see how this baby plays out. *STARES AT SCREEN LIKE A MADMAN*

Dragon Riders GBP/JPY

Speaking of which, what happened to the GBP/JPY at the first time it hit 185.30? I expected a steady movement upwards (I didn't expect it to break just yet), but the prices suddenly skyrocketed to 186.30, and came crashing down just as quickly. I'm ...

Dragon Riders GBP/JPY

God save the queen.....and my wallet. Seeing as how we're in a support area (185.30/10) right before the news, Is this a preparation for the move down, or is it a bear trap designed to skyrocket prices on the british PMI? Decisions, decisions....

Dragon Riders GBP/JPY

Oh, you have no idea. I once earned $3.5k in one week and blew it all later on the NZD/USD for a total loss of $6200 back when I just started. I'm definitely not going to make the same mistake in THIS currency pair, of all things. I'd prefer to ride ...

Dragon Riders GBP/JPY

That's why they call it the "beast" or "the dragon". Exhibit A: My profit for Sunday with 10 hours of trading. image I'm currently staying up all night (EST time zone here) even though I have a thesis due in a week, but I think today's little ...

Dragon Riders GBP/JPY

The dragon is going wild. Look at the pip movement. It sank nearly 60 pips in one hour and climbed back up 40 pips in 30 minutes after hours of crawling. Based on this volatility, my guess is that the upcoming news WILL have an impact. Wonderful. ...

Dragon Riders GBP/JPY

Price dropped from 185.800 to 185.300 within only 10 minutes. Should we consider this a full breach, and a start of bearish momentum down to 185?

Dragon Riders GBP/JPY

I have a similar analysis as well, but my key points of support are: 185.00/185.050, 184.500, and 184.000. As per custom, I already allow for 20, maybe even 30 pips of price breach through support, depending on the speed and duration of said breach. ...

Dragon Riders GBP/JPY

Oh, wonderful. TP at 185.975 reached right as I was walking home after eating. Good to know that the market's been moving just as expected within 30 minutes after opening. My 0.1 lot long didn't quite work out (TP at 186). I ended up taking profit ...

Dragon Riders GBP/JPY

My bets on a re-test of 186 one more time before any breakout occurs. The holiday trading seemed to try and reign the pip range, but I see an ascending triangle that's constantly maintained. And while that doesn't always mean we'll break out ...

Dragon Riders GBP/JPY

I wouldn't recommend buying right now. Based on trendline, we can still retest the 185.00. Given previous attempts at correction, there is a VERY good chance of 185 being retested. When we have a clear break below 185 and reach below 184.8, we ...

Dragon Riders GBP/JPY

GBP/JPY is approaching the 186.00/10 resistance. It's been tested twice before, and all failed (the highest being around 186.110 , plus or minus a few pips depending on your brokerage spread). Will three times be the charm? Or will it fail once more ...

Dragon Riders GBP/JPY

Out of curiosity, why would you say that? I've used my MT4 broker for months, and I've never had problems depositing/withdrawing money or with chart display (but they do charge higher spreads than normal during volatile moments). Note: I've only ...

Dragon Riders GBP/JPY

I didn't expect the market to break bearish correction so soon. I didn't set TP/SP before 184.5 (which it never reached). It was dawn when the change in trend happened. I'll break even on one short and lose about 70/80 in the other. Meh. At least if ...

Dragon Riders GBP/JPY

......I once sat on a profit of 130 pips....in 4 hours, I I'm sitting at a loss of 60 pips o.0. I just want the GBP/JPY to do its damn correction before going up...I guess thanksgiving just wants a choppy market.

Dragon Riders GBP/JPY

Would you guys say the bearish bias is completely broken? Or would we see a small attempt to retest 185?

Dragon Riders GBP/JPY

GBP/JPY breifly went to 185.725. Wonder if that'll be a complete breach of 185.6 or just a slight scratch. Probably a resumption in bullish momentum soon, depending on US news.

Dragon Riders GBP/JPY

Quick question: What's the indicator based on? Are you using wave, candlesticks, or...? And I'm guessing that's an intraday indicator, and not an overall one, correct? For me, there's two things that act as wild cards in the EUR/USD right now. 1: ...

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