GBP/JPY Trading 2008

Quote from ForexPro:

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.
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Would have stayed in but I am done with my broker after a series of false pricing on my MT4 platform.

BOE probably will cut. AUD/JPY hmm, very good suggestion.
 
Quote from bigmrfrank:

No offense but could we please keep this thread confined to GBP/JPY.

Thx
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None taken. I realize the additional 30 characters may have thrown off your concentration. Please visit the ignore function.

Thx.
 
Short from 215.79 was closed at 214.86 for +93. Went long at 215.02, stopped out at 214.59 for -43. Long again at 214.78 closed at 216.96 for +218. Currently short from 216.92. Heading back in to yesterdays tight trading range with 215.25 acting as short term support, then 214.25 and then of course 213.50 needs to be broken for the slide to 210.
 
Short was closed @ 215.58 for +134. All timeframes are in slight conflict. I disregarded a long signal for the time being. Flat for now.
 
Quote from bigmrfrank:

Short was closed @ 215.58 for +134. All timeframes are in slight conflict. I disregarded a long signal for the time being. Flat for now.
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No offense, but you're posting this offset 77 pips higher and nearly 90 minutes after 215.58 printed. 216.35 when you posted your last at 10:28 EDT. Why the delay?

In fact, GBPJPY had already passed your 215.58 exit when you posted your 216.92 short at 9:20 EDT and the price was not revisited, yet no mention of the short-cover at the 9:20 EDT post. Strange, and oddly convenient.
 
Quote from Cambist:

I just closed my 213.90 longs for +230 pips and on the sidelines for now
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Nice job, congrats. Thanks for not posting hindsight, contradictory BS.
 
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