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Breeze....Update on GBP/JPY

  • #901
  • Jan 1, 2008 4:26pm Jan 1, 2008 4:26pm
Breeze,

I am long @
223.90
222.50
221.85

target 229.50---I really think it will reach 231.50 (50% fib on daily chart), but why be greedy?! Just wanted you to know that there are others long with you and you are not bleeding alone. I have a protective hedge sell order @ 218.50 and would not take that hedge off until I got a daily close above 219.50 (above august lows). If we bounce to the fib line I will be off to a great start tothe new year!!! If we tumble towards 210, then I will be hedged and just have to wait it out. I have been reading a lot of opinions the last couple of days and there is a lot of forecasting for a January bounce in equities (Dow). GJ has not really been following the Dow lately, but if we got a strong bounce to 13,800- 14,000 I think carries would follow. Anyway, I think our fate will be determined in the next few days. Last time GJ broke the daily uptrend line (in November) we bounced almost 800 pips in the next three days. I think the big bounce will start soon, or a big break below 219. I don't see us hanging around the low 220's for an extended period of time.
  • #902
  • Jan 1, 2008 9:25pm Jan 1, 2008 9:25pm
Quoting vinesh2
Wake up BREEZE! this thing is dropping like a fly
I saw it...but I'm still long and not hegded....Oanda spreads are crazy today

Breeze
  • #903
  • Jan 1, 2008 9:31pm Jan 1, 2008 9:31pm
Ok lets see if the USD can manage to hold...or is it going to drop further down....2008 here we go....
My Profit for 2007 is $239,000......set back arround $190,000

My Profit target for this year is $1,200,000...Hopefully

Lets see what happens.

Breeze
  • #904
  • Jan 1, 2008 9:36pm Jan 1, 2008 9:36pm
Mama Mia - this is serious trading !!!!

Good Luck Breeze. Wish you all the best - hope the longs take off like a rocket !


Quoting Breeze

My Profit target for this year is $1,200,000...Hopefully

Lets see what happens.

Breeze
  • #905
  • Jan 1, 2008 9:50pm Jan 1, 2008 9:50pm
Awesome Breeze with your profit of 2007. I think you have taken a lot of Karmo pills to ride out the draw down then again you have nice margin so just roll with the interest. Newbies like me learn from you guys like you and try to remain patient. I was not patient and I closed my longs from 228 but have new longs open from 222, 223, 224 and 225 I am really hoping it reaches the 50 fib level of Daily by end of this week cause there will be some anxiety next week as BOE is going to be meeting. I really would like to go full time and be like you and Aus who have not only made it to the top but helped others with their goals. My goal is to work hard and make trading as a career. Please keep posting your analysis this not only helps newbies like me but motivates them from reaching their goals of becoming independent and spend more time with their families (unless you are a spot market addict) and be happy. Good luck in 2008 hope you reach your 1 million target
  • #906
  • Jan 1, 2008 10:14pm Jan 1, 2008 10:14pm
Quoting Breeze
I saw it...but I'm still long and not hegded....Oanda spreads are crazy today

Breeze
Hey Breeze,

First, happy new year!!!
I wanted to ask you, you use Oanda? I do. How do you hedge w/ them? I am trying to find a good pair to place my sell orders w/ to make a hedge. Is that what you do? I guess you probably know, I'm asking this because they don't offer hedging.

Thanks,
fxstman
  • #907
  • Jan 1, 2008 10:14pm Jan 1, 2008 10:14pm
this pair is favorite for carry trade and there is not telling where the unwind may take it with continued credit market congestion.???
  • #908
  • Jan 2, 2008 3:03am Jan 2, 2008 3:03am
Quoting Breeze
Ok lets see if the USD can manage to hold...or is it going to drop further down....2008 here we go....
My Profit for 2007 is $239,000......set back arround $190,000

My Profit target for this year is $1,200,000...Hopefully

Lets see what happens.

Breeze
Without the hedge you must be holding about 80k down at the moment. Good luck with your target of 1.2million. It's a fair target.
  • #909
  • Jan 2, 2008 3:17am Jan 2, 2008 3:17am
Quoting Breeze
Ok lets see if the USD can manage to hold...or is it going to drop further down....2008 here we go....
My Profit for 2007 is $239,000......set back arround $190,000

My Profit target for this year is $1,200,000...Hopefully

Lets see what happens.

Breeze
A very Happy and Prosperous New Year to you Breeze.

Looking forward to following your progress through the year, it will be nice to see you reach your target..

I don't have the guts to trade like you although I am trading in a similar way in a very small subaccount.

Regards,

Chris.
  • #910
  • Jan 3, 2008 1:36am Jan 3, 2008 1:36am
Hi everyone note that I'm hedged @ 223.15......I might have to loose some positions if it drops further below 215.00
Breeze
  • #911
  • Jan 3, 2008 1:38am Jan 3, 2008 1:38am
I will drop all hedges @ 217.00

Breeze
  • #912
  • Jan 3, 2008 1:55am Jan 3, 2008 1:55am
Quoting Sith Lord
Mama Mia - this is serious trading !!!!

Good Luck Breeze. Wish you all the best - hope the longs take off like a rocket !
i'm all confused at the moment.....and hope it does'nt drop further below 215.00

Breeze
  • #913
  • Jan 3, 2008 1:56am Jan 3, 2008 1:56am
Quoting vinesh2
Awesome Breeze with your profit of 2007. I think you have taken a lot of Karmo pills to ride out the draw down then again you have nice margin so just roll with the interest. Newbies like me learn from you guys like you and try to remain patient. I was not patient and I closed my longs from 228 but have new longs open from 222, 223, 224 and 225 I am really hoping it reaches the 50 fib level of Daily by end of this week cause there will be some anxiety next week as BOE is going to be meeting. I really would like to go full time and be like you and Aus who have not only made it to the top but helped others with their goals. My goal is to work hard and make trading as a career. Please keep posting your analysis this not only helps newbies like me but motivates them from reaching their goals of becoming independent and spend more time with their families (unless you are a spot market addict) and be happy. Good luck in 2008 hope you reach your 1 million target
Ok....honestly speaking I dont know if I can manage to hold any longer....i'm hoping for a miracle here.

Breeze
  • #914
  • Jan 3, 2008 1:59am Jan 3, 2008 1:59am
Quoting fxstman
Hey Breeze,

First, happy new year!!!
I wanted to ask you, you use Oanda? I do. How do you hedge w/ them? I am trying to find a good pair to place my sell orders w/ to make a hedge. Is that what you do? I guess you probably know, I'm asking this because they don't offer hedging.

Thanks,
fxstman
I use....Online Trading(Asia)....& FXCM.....Oanda.....& FxSol.....I have droped Saxo

Breeze
  • #915
  • Jan 3, 2008 2:00am Jan 3, 2008 2:00am
Quoting TIckerShuffl
this pair is favorite for carry trade and there is not telling where the unwind may take it with continued credit market congestion.???
Correct my friend I could'nt agree with you more....

Breeze
  • #916
  • Jan 3, 2008 2:02am Jan 3, 2008 2:02am
Quoting svengali
Without the hedge you must be holding about 80k down at the moment. Good luck with your target of 1.2million. It's a fair target.
I was trying to be SUPERMAN....but....hey I'm only human and when all goes wrong, I take cover and protect myself.....I'm hedged @ the moment.

Breeze
  • #917
  • Jan 3, 2008 2:03am Jan 3, 2008 2:03am
Quoting FX-Petra
Breeze,

I am long @
223.90
222.50
221.85

target 229.50---I really think it will reach 231.50 (50% fib on daily chart), but why be greedy?! Just wanted you to know that there are others long with you and you are not bleeding alone. I have a protective hedge sell order @ 218.50 and would not take that hedge off until I got a daily close above 219.50 (above august lows). If we bounce to the fib line I will be off to a great start tothe new year!!! If we tumble towards 210, then I will be hedged and just have to wait it out. I have been reading a lot of opinions the last couple of days and there is a lot of forecasting for a January bounce in equities (Dow). GJ has not really been following the Dow lately, but if we got a strong bounce to 13,800- 14,000 I think carries would follow. Anyway, I think our fate will be determined in the next few days. Last time GJ broke the daily uptrend line (in November) we bounced almost 800 pips in the next three days. I think the big bounce will start soon, or a big break below 219. I don't see us hanging around the low 220's for an extended period of time.
Are you hedged @ the moment....I hope u are....cause this thing is like crazy rite now.

Breeze
  • #918
  • Jan 3, 2008 2:05am Jan 3, 2008 2:05am
Quoting Wolf.
A very Happy and Prosperous New Year to you Breeze.

Looking forward to following your progress through the year, it will be nice to see you reach your target..

I don't have the guts to trade like you although I am trading in a similar way in a very small subaccount.

Regards,

Chris.
Step by step...brick by brick....were going to build this foundation....

Breeze
  • #919
  • Jan 3, 2008 2:10am Jan 3, 2008 2:10am
NOTE....ALL HEDGES CLOSED @ 217.00....UNTIL FURTHER NOTICE

Breeze

  • #920
  • Jan 3, 2008 2:14am Jan 3, 2008 2:14am
long @

228.00................active
228.22................active
228.50................active
229.00................active
228.40 X 5...........active
227.50.................active
227.80.................active
227.00.................active
226.60.................active
226.80.................active
223.30.................active

target projection @ Open until further notice

Breeze
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