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Peter Lu

Canada, Richmond

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November 11

Dragon1 has taken 14th place in Trader Contest Mar 2018

dragon1 Veröffentlicht 6 Apr.

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Is EUR/JPY a good long bet?

dragon1 Veröffentlicht 4 Apr. in #Trader's blog #EUR/JPY #Rally #Correction #Long #Break Out

My answer to the title question is a resounding YES! Let me count the ways.
1. After more than one month's good work, it climbed 600 pips to 128.00. The path has been direct and simple with a perfect trend line. Currently it is having a correction but rebounding right from the same trend line.
2. The V-shaped bottom area ABC (see chart below) constitutes a very solid support to withstand the current tumultuous market, and sustain a steady rally.
3. With a little imagination, once the current reb…

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Pound sterling will not collapse

dragon1 Veröffentlicht 3 Apr. in #Trader's blog #GBP #Consolidation #Falling

I was bullish on Euro. However, the price is dauntingly high at the moment. Chasing exteme beauties is not my cup of tea. Therefore, I needed to find some pair that runs generally in sympathy with Euro but not over-bought like Euro. Pound sterling looks like an ideal candidate!
Prior to the nonFarm news, GBP/USD had been wobbling precariously on top for a while and then sliding steadily down, to the point of breaking down. After the nonFarm news further hammered it down some more, I decided it w…

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Mitglied seit:	January 22, 2013
Letzter Besuch:	November 4, 2021
Freunde:	178

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Dragon1 has taken 14th place in Trader Contest Mar 2018

Is EUR/JPY a good long bet?

Pound sterling will not collapse