Hey man.....how's it hangin'? To the left or right? This pair better rebound off here at 141.50ish or my recent longs will be TOAST!

Dragon Riders GBP/JPY

Here's my 2 cents on the daily.... I think we are in the middle of wave 3 right now which might end around 142.18. I'm currently out waiting to short at 144.53 on the hourly.

Dragon Riders GBP/JPY

We might see 146.094 until this rebounds.....

Dragon Riders GBP/JPY

I think it will hit 146.289 and hopefully it bounces up. This is the 200EMA line as well as the 5/8 MM on the hourly chart.

Dragon Riders GBP/JPY

I understand. But are you impacted by the new ESMA rules as well? They cut my margin ration from 50:1 down to 30:1 which is bullshit.

The only thread you will ever need: FX Exposed!

Hey FF, may I ask which brokerage you are using? Are you also impacted by this ESMA garbage which took effect this Monday?

The only thread you will ever need: FX Exposed!

Here it is on the hourly chart The red line is the MM max at 146.875. The yellow dotted line is the 333 SMA which looks like the same level with the red line. The red curve is the 10 EMA and the blue curve is the 200 EMA. Based on these, I think it ...

Dragon Riders GBP/JPY

For now, I am only interested in anything related to GBP because of Brexit....primarily against USD, EUR, and JPY. I used to analyze others but painfully discovered that I needed to focus on a couple of pairs instead of spreading myself too thin. ...

Dragon Riders GBP/JPY

Absolutely. I'll probably try to do another EW count on this pair this weekend.

Dragon Riders GBP/JPY

The way they manipulate these markets to shake out weak long positions is just something else...... I tried following Gann but I'm not wired correctly to fully understand it. To each his own. In any case, it's all about making money in the end.

Dragon Riders GBP/JPY

May I ask what is your system based on?

Dragon Riders GBP/JPY

Cross fingers....I hope you're right. I've open longs at 146.33 for now.....

Dragon Riders GBP/JPY

I hope I'm wrong too since my original target on this sucker was 149.7. However, I didn't like that move past the pivot of 146.87. So far, it hasn't breached 146.48 but the formation, IMO, has been broken.

Dragon Riders GBP/JPY

Be careful with this.....I think we are currently seeing Wave 1 down from 149.3 with the bottom not yet defined.

Dragon Riders GBP/JPY

I'm out. Back to the ol' drawing board. Watch out for the 146.68.....but I think this might fall from here.....

Dragon Riders GBP/JPY

Sweating bullets here.... We'll see in 15min. If this closes my pivot of 146.87 on the hourly, then this is toast. I'm waiting if they have the push above that level as we head into the last quarter of the hour.....

Dragon Riders GBP/JPY

Once it closes above 147.35, then I can take a nap....

Dragon Riders GBP/JPY

So far, it closed above this level on the hourly.

Dragon Riders GBP/JPY

Let's see what happens at 146.9...

Dragon Riders GBP/JPY

A bit tricky here. This is what I see by Friday or next Monday. I'll close my positions at 149.70 (yellow circle) but it might reach 150.0..... From here, since I think we have a 2-3 day window, expect some wild swings down to retest 146.9. Anything ...

Dragon Riders GBP/JPY