Definitely see your point. I'm afraid to short this pair, though If it dropped like you say, and subsequently failed to make a new high, then I'd be all over shorts... My above post, obviously really short term. Longer term, my view is ...

Dragon Riders GBP/JPY

Looks like bottom held, about a 3:1 R:R to 188.10

Dragon Riders GBP/JPY

Unless something changes, looks like it is finding support 119.65-75 area. If it falls through here, then maybe you'll see your 119.30-40. But looks like it's trying to find it's way up for now...

USD/JPY Discussion

Looks like a triangle formation/consolidation on lower time frames, coming off the bottom, should move up to 188.10 shortly... Edit:Unless bottom falls out, maybe a 60-70 pip drop (currently testing bottom trend line)...

Dragon Riders GBP/JPY

Look for a bounce at 119.65 Edit: Assuming it doesn't find support at current level - 119.75

USD/JPY Discussion

I totally agree, which is the very reason I stick with U.S. regulated broker up until now. But when I saw someone else venturing offshore, it made me curious, and I wondered if I missed something. So, more of a curiosity type of question, with the ...

Brokers for U.S. residents

Exactly. I posted we could very well see 1.21-22 range by end of year, and many posted disbelief. But just a few days later, and it already touched down in the 1.22 range (low of 1.2275)...

USD/JPY Discussion

I hear ya. Just doesn't seem likely at this point... Edit:If it consolidates for a while, and can't make a new high, then I may change my view. But for now, doesn't look like it wants to turn back...

USD/JPY Discussion

I highly doubt we see 119 again any time soon.

USD/JPY Discussion

And if you look at H1 chart, price just hit a low of 119.31. This is the top of what I'll call a solid rock foundation of support. Starting at that point down, if price were to venture there, it would hit a support level at an average 10-15 pip ...

USD/JPY Discussion

My view remains the same. I don't think there will be a major pull back here, but only minor one, and possibly more consolidation. Time for bulls to load up.

USD/JPY Discussion

Yes, turning into quite a battle between bulls/bears. Bulls have held support quite nicely after last failed attempt at 120, when they were pushed back. Now that they are making another run, we'll see how far they can go. I see the first attempt ...

USD/JPY Discussion

Risk in the forex market is not just about initial deposit. You should know that.

USD/JPY Discussion

I just mentioned that as an example. I'd be more concerned if I were you and not even know if I can withdraw my money.

USD/JPY Discussion

For anyone interested in broker discussion for U.S. residents... Post 1

USD/JPY Discussion

Well, I'd have a lot of questions for a broker outside of the U.S. who doesn't adhere to U.S. regulatory laws. Sure some things might seem advantageous, but what other rules that act as a protection to traders do they not have in place. For example, ...

USD/JPY Discussion

How do you get around FIFO rules?

USD/JPY Discussion

Sorry, MPT, I responded to your post by mistake - deleted...

USD/JPY Discussion

I won't regret anything. Like I said, I want it to go up. But I don't confuse what I want with what I see the price saying. Edit: Also, not sure what your point is about GU. And I don't really pay attention to EJ. I find UJ and GJ to be very simiar ...

USD/JPY Discussion