GBP/JPY trading

Quote from ForexPro:

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.
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Damn right I take the simple view. That's why GBP/JPY is so easy to trade. Why would you want to take a complicated view? Price action says up I go long and collect. Price action says down I go short and collect. Nothing simpler or more profitable than that. To each thier own.
 
Thanks for your 3rd call, I faded it and made money. J/K :D

In all seriousness, this pair has been super simple to trade, especially the past two weeks. My only complaint is me not holding on to my targets, they've hit every time and I miss out on 30-40% of my winnings!
 
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.
 
Quote from ForexPro:

What do you mean price goes up I buy, price goes down i sell? If only it was that easy?
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I didn't say price I said price *action*. Big difference.
 
Quote from ForexPro:

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.
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The range is what makes it easy for me. I'd post live trades but I'm automated - for the most part. I'm not interested in a pissing contest I'm just always interested in what makes others tick - especially those on the other side of my trades. :)
 
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.
 
Yeah, you won't catch me posting stuff, I'm in and out too quickly most of the time, but I have caught some big moves lately. Plus, it just doesn't do anyone good to get in a pissing contest, as the other poster said. Do what works for you, that makes money, and forget what anyone else thinks.

best,
sb
 
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