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Good post

So what happens if gold falls to 700, are yo u gonna buy more, or do you have emergency stops higher than that?

Hi Neke, Can you tell me how you find your options candidates to short or go long on? Forexpro

Have you got any price targets for gold, end of december?

Yes I agree. But its interesting to see what other methods traders use. SSblack whats your method - technical, fundamental, automated? I try and use a bit of both. Sometimes I am accurate in my views. What I always have problems with is when the asian session trades. I have lost count of...

Interesting. I am therefore interested on who is on the otherside of my trades too. So you must just be putting your faith in a calculation/algorithm, whereas I try and have a fundamental picture to back up the charts.

Good. I cant believe all the people who think Gbp/jpy is easy. The problem is the range. You have to be spot on with entries or you take a hit against you. If you are all so confident i welcome you to post your trades in realtime too.

What do you mean price goes up I buy, price goes down i sell? If only it was that easy?

Rollorcoaster today. I agree too that gold should go up and is a bull trend, but these shake-outs hurt.

5 pips. short 228.80 st 230 tp 226

Using this retrace to get long again. 228.80 long tp 231.4 st 227.3

Held position longer. Out at 229.20. +285 pips. I think you take a simple view Mrfrank. My view is. Interest rates down (fed implies this this week), equities up. If equities up, people are looking for looking for risk. GBP/JPY is a funding currency for risk. Hence GBP/JPY up.

Trading has been tough on this pair. You have to be prepared to alter your view very quickly. My recent trade was based on the carry coming back into favour by investors wanting riskier assets. I still hold.

-100 again. long 226.35. stop 225.35. TP 228.35 Fingers-crossed.

After 2 unsuccessful trades. I hope this one will be better. Short 227.45 st 228.45 tp 224

Covered -100pips loss. All trades have 100 loss and 200 profit targets. Although Unless sentiment quickly changes. Long 225.50

Its been a difficult environment recently as you have to go against gut instinct. I basically compare levels of GBP/JPY for weakness/strength in gbp, jpy, equities and gold. Then make a call.

I thought I start this thread as GBP/JPY seems to offer a wide range and volatility over other pairs. Looking at the movement today, the cross bounced 300+ pips off its low. But I feel its overdone. Sell 223.85

Ok day. I hate these late rallies, as they are messing up my carry trades on the GBP/JPY. Frustrating.

Small gain today. I expect JPY to strengthen against most pairs over night though, so looking fwd to tomorrow.