Very good posts on this topic. Thanks to all for the input. I went ahead an opened a demo account with a broker, trading with 500:1 leverage. I more than doubled my account in a single day, with just a few trades. Granted, demo is not the same as ...

Brokers for U.S. residents

I've received some questions on how I trade, so I thought of posting a chart on current situation with USDJPY. I will not always have time to do this, and I don't claim to be an expert trader. But I'm learning, and I hope this helps anyone else who ...

USD/JPY Discussion

Price retained it's bullish bias all the way up till closing time. Unless something catastrophic happens over the weekend, I expect an open price next week around 121.80-122 Great weekend to all!

USD/JPY Discussion

Yep, counter-trend bounces are GREAT! Just like the one yesterday. And I would call it a bear crush, given the fact that yesterday's high was brought all the way down to a daily low, and new weekly low. But that's okay, bulls. Push it back up, so ...

EURUSD

I do agree that the direction is up. Currently in consolidation mode, but it does look bullish enough, I might be tempted to hold over the weekend, as long as the directional bias remains the same as we approach the day/week end...

USD/JPY Discussion

I believe you'll prevail, as long as you don't give up. I am still working at improving as well, and can relate to some of the struggles you've posted. I think all traders, even the most successful ones go through difficult stretches where they ...

Dragon Riders GBP/JPY

...Which is another reason I expect UJ to keep going up, as it moves opposite to EU for the most part. Also, as I posted in EU thread, Post 941,678 it just made a new low, so any bullish bounce will be met with very confident bearish slam at ...

EURUSD

No. Unless you want to risk the weekend. As it seems things are slowing down now, and consolidation is continuing... Any targets I posted above, would seem to be pushed to next week, due to the slow down happening now. We could still see a push up, ...

USD/JPY Discussion

My view remains the same for this pair. Post 940,316 Just made a new low. Going long now is a gamble. A strong rejection of 1.2277-2284 might give a bounce to 1.2366. But bears will continue to slam this pair at resistance levels until they can no ...

EURUSD

Pulll up an H4 chart. What do you see? Only solid bull candles for 20 hours. We'd need at least 1 indecision, doji, or bearish/engulfing bar to indicate a direction change. Without that, to expect a downward move at this point is only guessing imo, ...

USD/JPY Discussion

Hi hear ya... I'm also looking forward to a nice pull back, to get in and ride it up. Would love to see a 200-300 pip pull-back (not saying I see any indication of that happening as of yet), as that would mean 200-300+ pip trade on the way back up... ...

USD/JPY Discussion

My view remains the same. Well, sort of. Consolidating right now, with a target of 122.7. As things will slow down from here on out today, the scenery could change and paint a different picture, but so far, I don't see any indication of a top yet...

USD/JPY Discussion

Next resistance at 123.735. I will be only trading short term today on lower time frames, as I also do not plan on holding over the weekend... I would also look for some profit taking today to cause a little drop at some point, which would be a good ...

USD/JPY Discussion

Usually, the daily, but if H1/H4 shows a strong trend or reversal, I'd feel good about that as well. I like your approach, though too...

Dragon Riders GBP/JPY

Interesting! thanks for posting

Dragon Riders GBP/JPY

I hear ya. But just to explain my view a little, I try to only trade with the daily trend, even short term. It's the one rule, I'm actually pretty good (not perfect) at following. I think it's more psychological for me, and makes me feel like I have ...

Dragon Riders GBP/JPY

Yes, I acknowledge the possibility that things could stall out. Also, currently in consolidation, so for that reason alone, it might not make it to prior high (at least right away). But the price looks poised and ready to move up. So, according to ...

USD/JPY Discussion

Good entry point for long, to target prior high. As long as 119.66 holds, bull city baby

USD/JPY Discussion

I second that. Really appreciate your valuable contributions, and positive demeanor...

Geppy's Geppy Thread (GBP/JPY)