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closed at 215.42 +40pips. Too much event risk with the BOE annoucement (i think they'll cut, which will pressure the cross)

I would just sooner the thread stick to GJ, as all other jpy crosses are correlated to an extent. Keep it simple.

long GJ 215.02 st 213.5 tp 217.2

Thanks Atticus. By the way what is the payoff on the options if they DNT 212.8 over the next few days? Whats your friend doing now 10mm to 110m guy?

-128pips on yesterday short. Shorted again at 215.22 this morning closed at 214.14 +108pips. I am currently flat in GBP/JPY. However, I took a short on GU at 1.9610, 1.97st as I fully expect the BOE to cut rates tomorrow. Which could see cable down in the 1.93 level before long. Sorry...

Interesting strategy. I just trade fx spot. How did you get into this area of fx?

Realised i took profit too fast. Think this could spill over into major selling in the asian session. So short 215.02 st 216.3 tp 212

TP hit +101pips

You are exactly right. Just had a check on the charts. Good spot. Await his response.

I am missing the point here. You need to spell it out better as there are so many different direction positions and times. Could he have not posted a new position but just an existing one?

So for the purpose of the thread how do you avoid late postings? What purpose does it gain by posting false results, as it wont make them a better trader. Now you mention it I notice a lot of people have bough bottoms & sold tops recently, long after each has been established.

I think he posts late as he runs an automated strategy, so cannot post in real-time. This also gives the oppotunity to falsify results but you cannot verify this. I try and post in realtime, the only time i cannot update is if it is in the middle of the night.

I was stopped out at Break-even on my short. Short 216.26 tp 215.25 stop 217. Good detective work Atticus.

I think the BOE will cut again. Retailers had a poor xmas, couldnt give the stuff away, so it will hamper the pound. I stay short at 215.88 but my stop is at breakeven to reduce risk. Maybe the Aud/jpy is a more clear cut trade.

Short 215.88 st 217 tp 213.6

st hit -66pips. The best trades are the ones that go your way more or less straight away. Next time i will exit straight away when the price action doesnt back-up my thoughts. I still feel sub 210 is on the cards, but we might get a retrace upto 220 before we get there.

Good post MrBigFrank. I opened my short on friday night, as i saw a 50pip rally after the wall street close, based on nothing really, maybe only on profit-taking on shorts not willing to hold over the weekend. There was talk also of a Bush financial package, but this wont be until the end of...

Cant believe the mini rally after the US mkts shut. Short again at 214.34 st 215 tp 210, adjust stop when 100pips up.

I agree Mrbigfrank. I think 2.10 is very possible given the bearishness and poor economic data out today. Safer short than long.

TP hit +180pips. Great week. Flat for now.