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Breeze....Update on GBP/JPY

  • #921
  • Jan 3, 2008 5:22am Jan 3, 2008 5:22am
Hoping for the Bulls to ride in here quickly.

Would be nice to see 220 once again, for now the meltdown continues.

I also have Longs, and they are starting to shadow a big tail in the wrong direction.

Ken
  • #922
  • Jan 3, 2008 7:09am Jan 3, 2008 7:09am
Quoting Breeze
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

Breeze,

do you mean you're LONG gbp/jpy at the moment at the above prices ?

sigh....how low can this thing go ???
  • #923
  • Jan 3, 2008 7:23am Jan 3, 2008 7:23am
1 Pair 1 way all the way .......

It will eventually come back ...
  • #924
  • Jan 3, 2008 7:29am Jan 3, 2008 7:29am
i really admire ppl who can publicly admit they are bleeding n still hoping for the best , good luck to you breeze ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #925
  • Jan 3, 2008 7:30am Jan 3, 2008 7:30am
Quoting Breeze
I use....Online Trading(Asia)....& FXCM.....Oanda.....& FxSol.....I have droped Saxo

Breeze
Thanx !!!!
  • #926
  • Jan 3, 2008 8:05am Jan 3, 2008 8:05am
And for once I think I caught this thing on the right side- so 2008 is turning out great so far!

For those of you losing- why don't you hedge to a)stop the bleeding; b) catch you a few pips that can help make up for losses.

Perhaps don't hedge your entire position, but perhaps a 1/3 of it just for a little protection and possible profit(especially with these big swings)...As someone who is an expert at losing, I've always found myself kicking myself after losing all the money in my wee account for not hedging.
  • #927
  • Jan 3, 2008 8:06am Jan 3, 2008 8:06am
Quoting Syafi
1 Pair 1 way all the way .......

It will eventually come back ...
so from the reply, i gather you're long gbp/jpy too ?
  • #928
  • Jan 3, 2008 8:18am Jan 3, 2008 8:18am
this may explain the drop in GBP/JPY... when the option expires it will go up IMO...

14:02 GMT FX OPTIONS: GBP/JPY Talk of a Big 213.00 Digital In Play London, January 3. There is talk that a big 213.00 exotic Digital option is in play. We presume that GBP/JPY will need to be trading below 213.00 to warrant a payout on the option when it expires. GBP/JPY last traded at/below 213.00 in August 2006. GBP/JPY plumbed 17-month lows within a yen of 213.00 earlier today (during the London morning). [email protected]
  • #929
  • Jan 3, 2008 8:28am Jan 3, 2008 8:28am
Quoting Mr. G.
this may explain the drop in GBP/JPY... when the option expires it will go up IMO...

14:02 GMT FX OPTIONS: GBP/JPY Talk of a Big 213.00 Digital In Play London, January 3. There is talk that a big 213.00 exotic Digital option is in play. We presume that GBP/JPY will need to be trading below 213.00 to warrant a payout on the option when it expires. GBP/JPY last traded at/below 213.00 in August 2006. GBP/JPY plumbed 17-month lows within a yen of 213.00 earlier today (during the London morning). [email protected]
i hope so....but i don't think so.

just hope it doesn't go below 200....
  • #930
  • Jan 3, 2008 8:39am Jan 3, 2008 8:39am
Quoting findcount
so from the reply, i gather you're long gbp/jpy too ?
yes @ 219.00

I cant trade from my place because of internet problem so i trade from internet shop 1 hour yesterday with no internet access over a few week, so it was a bad long from bad analysis...
  • #931
  • Jan 3, 2008 9:16am Jan 3, 2008 9:16am
Quoting Breeze
NOTE....ALL HEDGES CLOSED @ 217.00....UNTIL FURTHER NOTICE

Breeze

does that mean you closed out all your longs too? so now you dont have any open position right.
  • #932
  • Jan 3, 2008 9:33am Jan 3, 2008 9:33am
Quoting Ladinero
And for once I think I caught this thing on the right side- so 2008 is turning out great so far!

For those of you losing- why don't you hedge to a)stop the bleeding; b) catch you a few pips that can help make up for losses.

Perhaps don't hedge your entire position, but perhaps a 1/3 of it just for a little protection and possible profit(especially with these big swings)...As someone who is an expert at losing, I've always found myself kicking myself after losing all the money in my wee account for not hedging.
I concur and don't long/short all your account so that once you have hedged you have enough margin to trade in the direction of the trend. Simply excercise some money management so that if you make a bad call you can always continue to trade and that you are not stranded. I have been long @ 226 and I am still trading. Made a couple hundred pips on the short. Waiting on trend confirmation on the long to remove my hedge and collect the profits. No matter how long it takes.
  • #933
  • Edited 9:47am Jan 3, 2008 9:45am | Edited 9:47am
But with the yen being so cheap to borrow, oil being high, and the US economy slowing down...I think I'm going to see if my wee account can fly down to 210 and below naked. No hedge until it hits 210.


I'm gambling with very little money here. So do keep this in mind....
Attached File(s)
File Type: pdf 3month outlook.pdf   146 KB | 544 downloads
  • #934
  • Jan 3, 2008 7:46pm Jan 3, 2008 7:46pm
I AM TOTALLY OUT OF THE MARKET NOW. I START TO SELL GBP/JPY from 227.5,target 200,and 150 for a year.
Hope to get your comments,i think gbp/jpy is over for buying positions.

Ele
  • #935
  • Jan 3, 2008 8:56pm Jan 3, 2008 8:56pm
Quoting Breeze
Are you hedged @ the moment....I hope u are....cause this thing is like crazy rite now.

Breeze
Yes, I hedged @ 218.50. Took it off @ 217---put it back on @215.50. I must be careful now, I cannot take another 300 pips of draw down without serious pain. I will not take the hedge off agian until I have a clear, clear signal of a reversal.
  • #936
  • Jan 5, 2008 11:43pm Jan 5, 2008 11:43pm
long @

228.00................active
228.22................active
228.50................active
229.00................active......Closed @ 215.00...loss $2.800 + 9pip spread
228.40 X 5...........active......Closed @ 215.00...loss over $00.400 + 9pip spread X 5.....Total loss......this an embarrasement to reveal the actual loss.
227.50.................active
227.80.................active
227.00.................active
226.60.................active
226.80.................active
223.30.................active

All other Trades hedged @ 215.00

Breeze
  • #937
  • Jan 6, 2008 1:26pm Jan 6, 2008 1:26pm
man there is no need to embrass from your faults , you will learn new lesson everyday and discover moore new parts of yourself was hidden from you,
be strong as i always know you, accept the lose and the recover will be soon my friend
have a nice future trade.
  • #938
  • Jan 6, 2008 2:41pm Jan 6, 2008 2:41pm
[quote=Breeze;1786592]long @




Breeze, Im right there with you, i lost a ton when i unhedged thinking it had bottomed out and it we all know where it went from there. You are a inspiration to us all and we all be with you on the ride back up.
  • #939
  • Jan 6, 2008 9:07pm Jan 6, 2008 9:07pm
Thanx all...

Breeze
  • #940
  • Jan 7, 2008 12:15am Jan 7, 2008 12:15am
Ok....u mean like that....?
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