GBP/JPY Trading 2008

Quote from bigmrfrank:

Duh - made a brain fart. Thanks for the catch. Sub 205 if we get past 205.70.
More...

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.
 
Quote from superbfx:

gbp/jpy is heading to 202.00 like I mentioned last time (too bad i didnt notice my post was deleted, cuz my mistake of posting a link to my blog; nice work admin :) )

I am going to sell again at 206.80 area.

Cheers.
More...

I think you are right about 202. It's the next support on weekly chart.
 
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.
 
Quote from ForexPro:

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.
More...

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.
 
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.
 
Quote from 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.
More...

Thrill seeker eh? What's next? Bungy jumping? LOL
 
You must log in or register to reply here.
Back
Top