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GBPJPY 217 replies

is it feasible to scalp gbpjpy?? how?? 65 replies

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GBPJPY

  • #721
  • Quote
  • Dec 22, 2024 3:32am Dec 22, 2024 3:32am
Quoting NhuTanSang
{quote} Japan's economy is still to week for BOJ to hike rate. If they hike rate too soon it might hurt them in the long run. I believe BOJ make the right move for the big picture. The Yen will get weaker as BOE hold rate as expect. Carry trade train will back on track.
well, i think BOJ will raise rates in few months later ,either in Feb or March as inflation is picking up again.
i found this news. maybe it will change their mind to intervene again later at certain level.
https://www.japantimes.co.jp/busines...e-prices-rise/
  • #722
  • Quote
  • Dec 23, 2024 3:46am Dec 23, 2024 3:46am
Quoting NhuTanSang
{quote} Japan's economy is still to week for BOJ to hike rate. If they hike rate too soon it might hurt them in the long run. I believe BOJ make the right move for the big picture. The Yen will get weaker as BOE hold rate as expect. Carry trade train will back on track.
Bruh. If this pair break 208 it is certainly that carry trade is back. However I will close every swing positions if it hit 206 and trade intra week, every swing trade beyond is highly expose to intervention.
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SANG
  • #723
  • Quote
  • Dec 23, 2024 4:05am Dec 23, 2024 4:05am
Quoting hans91
{quote} well, i think BOJ will raise rates in few months later ,either in Feb or March as inflation is picking up again. i found this news. maybe it will change their mind to intervene again later at certain level. https://www.japantimes.co.jp/busines...e-prices-rise/
I think gas price is to volatile to be a signal for them to hike rate (It could be if price remain high for a long period). They will need positive CPI and Job data to hike rate again.
SANG
  • #724
  • Quote
  • Dec 30, 2024 4:21am Dec 30, 2024 4:21am
My last trade of 2024 is filled. Wish you guys bank account bullish through 2025
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SANG
  • #725
  • Quote
  • Dec 31, 2024 3:23am Dec 31, 2024 3:23am
Quoting NhuTanSang
My last trade of 2024 is filled. Wish you guys bank account bullish through 2025 {image}
careful mate, looks like from yesterday BOJ is doing intervention to prompt their currency up..
  • #726
  • Quote
  • Dec 31, 2024 8:49am Dec 31, 2024 8:49am
GBP/JPY pair going Down trend .
  • #727
  • Quote
  • Jan 1, 2025 10:04pm Jan 1, 2025 10:04pm
Quoting hans91
{quote} careful mate, looks like from yesterday BOJ is doing intervention to prompt their currency up..
Any downward move is opportunity to go long for me. I got break even form monday and last week position. I will look for buy set up in next week. I see no reason for short until next rate decision. But I would be careful to any sideways price action, it could be signal for the Yen rally or BOJ intervention as you said.
SANG
  • #728
  • Quote
  • Jan 9, 2025 5:43pm Jan 9, 2025 5:43pm
This is how many pips JPY pairs have moved since January Open, how do you see the remainder of the month?

That's how weak the GBP is, totally letting the carry traders down. Who wants to pay that swap?
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"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 8.1%
  • #729
  • Quote
  • Jan 9, 2025 7:21pm Jan 9, 2025 7:21pm
Quoting Erebus
This is how many pips JPY pairs have moved since January Open, how do you see the remainder of the month? That's how weak the GBP is, totally letting the carry traders down. Who wants to pay that swap? {image}
I am bearish GBPJPY. That swap is crazy. Tradable though
If you think you can or cannot do it you are correct
  • #730
  • Quote
  • Jan 9, 2025 7:50pm Jan 9, 2025 7:50pm
Quoting Olu
{quote} I am bearish GBPJPY. That swap is crazy. Tradable though
I guess, swap depends on the lot size and how long you hold it; I'm using it as a directional filter, see many red days on the JPY pairs, perhaps it's time for reversal however short, might be able to catch pips going back up.

"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 8.1%
  • #731
  • Quote
  • Jan 9, 2025 8:37pm Jan 9, 2025 8:37pm
Quoting Erebus
This is how many pips JPY pairs have moved since January Open, how do you see the remainder of the month? That's how weak the GBP is, totally letting the carry traders down. Who wants to pay that swap? {image}
GBP is now weaker than everything. Thank the lore I closed my position early. 700 pips gains is still better than nothing. Could have been more than 1000 though.
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SANG
  • #732
  • Quote
  • Jan 10, 2025 7:42am Jan 10, 2025 7:42am
Quoting Erebus
{quote} I guess, swap depends on the lot size and how long you hold it; I'm using it as a directional filter, see many red days on the JPY pairs, perhaps it's time for reversal however short, might be able to catch pips going back up.
I agree Erebus. Swaps eat into your profits (or add to losses) daily. So the ideal scenario for multi-day holds is:
Price going up consistently and you are long
Price really really going down and you are short so any swap deductions will be immaterial
If you think you can or cannot do it you are correct
  • #733
  • Quote
  • Jan 13, 2025 3:39am Jan 13, 2025 3:39am
4h supply, nearly same price as the position I took last month. Let see how this week play out
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SANG
  • #734
  • Quote
  • Jan 13, 2025 4:36am Jan 13, 2025 4:36am
Quoting NhuTanSang
4h supply, nearly same price as the position I took last month. Let see how this week play out {image}
SL hit, look like another bearish week
SANG
  • #735
  • Quote
  • Jan 15, 2025 1:49am Jan 15, 2025 1:49am
What's playing, gang-gang
Today, we cultivate GBPJPY LONGS

Stay Curious
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  • #736
  • Quote
  • Jan 22, 2025 4:00am Jan 22, 2025 4:00am
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  • #737
  • Quote
  • Jan 23, 2025 11:13pm Jan 23, 2025 11:13pm
Quoting Dutchy3
{image}
Could be last time this one trades below H1 value ... D1 level is very close however so close watch to exit on a H1 close below D1 level
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  • #738
  • Quote
  • Jan 24, 2025 2:02am Jan 24, 2025 2:02am
Quoting Dutchy3
{quote} Could be last time this one trades below H1 value ... D1 level is very close however so close watch to exit on a H1 close below D1 level{image}
A bit of madness ... crazy drop to M1 TF and yet the same dip for liquidity occurs ... will it hold?
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  • #739
  • Quote
  • Jan 24, 2025 2:54am Jan 24, 2025 2:54am
Quoting Dutchy3
{quote} A bit of madness ... crazy drop to M1 TF and yet the same dip for liquidity occurs ... will it hold?{image}
The relationship may be coming to an abrupt and rational end ....
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  • #740
  • Quote
  • Jan 24, 2025 5:33am Jan 24, 2025 5:33am
Quoting Dutchy3
{quote} The relationship may be coming to an abrupt and rational end ....{image}
just managed to stay friends ... spent a deal of time before London opened scooping up contracts ... could move well through 193.5
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