GBP/JPY Trading 2008

Discussion in 'Forex' started by ForexPro, Jan 1, 2008.

  1. Finally broke 205.70. Looks like sh&t is hitting the fan worldwide. Blood bath tomorrow in the US markets? Please use caution fellow traders.
     
    #291     Jan 21, 2008
  2. DrEvil

    DrEvil

    I think you are right about 202. It's the next support on weekly chart.
     
    #292     Jan 21, 2008
  3. Previous position closed at BE.
    Now short 207.2 tp 206 st 208.2
     
    #293     Jan 22, 2008
  4. stop hit -100 pips.

    Will stay out for the rest of the day, as in this situation I think there is a flight to quality and that means the $ will strengthen, even though, counter-logic suggests it should be the weakest of the all the currencies. Will let the market calm down before resuming the hunt.
     
    #294     Jan 22, 2008
  5. Manually closed my short last night @ 205.92 after price breached 205.70. Currently flat. Probably just be a spectator today.
     
    #295     Jan 22, 2008
  6. I made a good call staying out of the mkt. Proves stops do work sometimes.

    Be real panic, if the 75bps doesnt do anything though.
     
    #296     Jan 22, 2008
  7. That was a crazy spike at 8:25. I'm happy to be out as well. Can't wait to see what happens at US open. It's almost a morbid curiousity at this point.
     
    #297     Jan 22, 2008
  8. ssblack

    ssblack

    OMG, that was wild. I sold 208.89 and then cut it at a 1 pip gain to avoid a loss, then re-entered the short at 208.43 and rode that for 91 pips. I think it will return to 206.31'ish today. I am staying out for now.
     
    #298     Jan 22, 2008
  9. ssblack

    ssblack

    There it goes further! What a reaction to the cut. Hilarious, really.
     
    #299     Jan 22, 2008
  10. Thrill seeker eh? What's next? Bungy jumping? LOL
     
    #300     Jan 22, 2008