Took profit for short at 1.08456. Price seemed hesitant.

Dragon Riders GBP/JPY

Going long again for the eur/usd at 1.08822. Not going to scalp 1.0900; Targeting 1.10~1.09600 instead. hard SL is 20 pips below, manual SL is active. Update: Out at break even. Now shorting from 1.08854. Initially targetting 1.0800, 1.07500, ...

Dragon Riders GBP/JPY

Wow....18 pips in profit before hitting my stop loss due to Greek securing of debt causing a massive euro spike. Are you kidding me? this is old news. At least I locked in profits. Just longed eur/usd at 1.08709 for a retest of 1.08950/1.0900. Let's ...

Dragon Riders GBP/JPY

My answer isn't all that helpful since I don't trade chart patterns too much, but I will say what helped me actually make some degree of reliable income from trading: Markets are not static. They are organic. For all intents and purposes, then are ...

Dragon Riders GBP/JPY

Price may dawdle for the pound sterling, but it will definitely move somewhere. Perhaps not too much, but it won't stay at 1.5070/60. If it breaks out of 1.5070, retests it, and it becomes a support, I'm eyeing 1.5130 as the 100% retracement of the ...

Dragon Riders GBP/JPY

Well, I guess it was partially right. We did have a bounce after hitting the fib support, but I entered to early. Had to leave the market at break even before the eur/usd bounced back from the 23.6% fib support at around 1.06700. I got a small long ...

Dragon Riders GBP/JPY

*yawn* Been gone a while. Had to fill out paperwork for my finances and withdrawals. The past 2 weeks have been somewhat quiet for scalping; Hard to get more than 100pips in one go. Usually just adopted for hitting whatever next significant ...

Dragon Riders GBP/JPY

We are arguably in a global bubble still, but really, the upcoming U.S. presidential elections & the economic policies that the new president will take is the key thing to watch out for. I think George Soros also mentioned the election; the U.S. is ...

Dragon Riders GBP/JPY

I could not have worded it better myself.

Dragon Riders GBP/JPY

Sorry for my late reply. Yes, it can go higher. As a matter of fact, if the cable goes to the major 100% retracemnet back to the march FOMC spike, we should expect gbp/jpy to be around 180~181. However, that spike itself was completely unnatural (a ...

Dragon Riders GBP/JPY

Canadian data alone won't do much for the euro and pound sterling. Economical and geo-political difference is too great. US fundamentals will be more likely to trigger something. For the loonie (usd/cad), 1.22000 is the daily chart support from what ...

Dragon Riders GBP/JPY

Eur/usd, gbp/usd. Those two are also somewhat between 2 fibonacci points, and are nearing their anticipated future hourly ichimoku cloud resistance. If they both break below, the gbp/jpy will fall. The geppy is dragged by both the cable and the ...

Dragon Riders GBP/JPY

It would be hilarious if we managed to reach around 1.5130; that'd be the 100% retracement/extension from the FOMC spike back in March. And the sad thing is, I would not be surprised if that DID happen.

Cable Update (GBPUSD)

There are moments where market strength is too strong in one direction and simply ignores the data, provided the data isn't too extreme.

Cable Update (GBPUSD)

??? Sorry. I don't quite get that part. What do you mean "broken there". Yes, we all probably know by now that the immediate resitane is around 1.4970. But what are you referring to with your words? And what's with the cable? A small, false break ...

Cable Update (GBPUSD)

I'm eyeing 7820, which is the halway point between 2 fib points. After that, I got 7840 and 7900 for the aud/usd, if it does continue upwards.

EURUSD