Holy Mackrel!!! The Bull Run Of The Gbp/jpy | Forex Factory

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Holy Mackrel!!! The Bull Run Of The Gbp/jpy

  • #1
  • First Post: Jan 17, 2007 8:35pm Jan 17, 2007 8:35pm
Has anyone else noticed the momentum of the GBP/JPY since 1/7/06? It has gone up almost 1000 pips in just 10 days!!!! Just 1 lot of 100,000 would have brought in almost $10,000!!! That's insane!!! Somebody made some moolah off of that one for sure.
  • #2
  • Jan 17, 2007 8:39pm Jan 17, 2007 8:39pm
yep... i plan on shorting on a break of 235.50
  • #3
  • Jan 17, 2007 8:58pm Jan 17, 2007 8:58pm
Quoting southernmind
Has anyone else noticed the momentum of the GBP/JPY since 1/7/06? It has gone up almost 1000 pips in just 10 days!!!! Just 1 lot of 100,000 would have brought in almost $10,000!!! That's insane!!! Somebody made some moolah off of that one for sure.
gold move 1367 pips yesterday...
  • #4
  • Jan 17, 2007 9:13pm Jan 17, 2007 9:13pm
I was mad I was stuck in a demo. Someone posted about what happened after the last BOE rate hike, so I found a trendline, surfed it for two days. Almost 200 pips.

Live and learn, if there's only one trade to ever do....
  • #5
  • Jan 17, 2007 9:16pm Jan 17, 2007 9:16pm
Quoting hanz
gold move 1367 pips yesterday...


Huh?????
  • #6
  • Jan 17, 2007 11:50pm Jan 17, 2007 11:50pm
i have adjusted my entry i now look to take a short on break of 237.00
  • #7
  • Jan 18, 2007 2:19am Jan 18, 2007 2:19am
This thing has gone up almost 300 pips in the last 7 hours folks!!!
  • #8
  • Jan 18, 2007 2:37am Jan 18, 2007 2:37am
stick with it , maybe hedge by shorting CHFJPY, and collect the swap!

the fundamentals are perfect for a break of 240, next stop 249.33, look at the monthly chart.
TRADE FOR SWAP
  • #9
  • Jan 18, 2007 3:04am Jan 18, 2007 3:04am
Quoting turbokaos
i have adjusted my entry i now look to take a short on break of 237.00
don't jump in front of a train.
  • #10
  • Jan 18, 2007 3:08am Jan 18, 2007 3:08am
I MISSED OUT ON THE TRADE!!!

I was so focused in on the USD/JPY and taking a look at the GBP/USD I forgot all about this beast.

Newbie mistake....but I'm learning.

In the end though, I stil made that $$$$
  • #11
  • Jan 18, 2007 3:17am Jan 18, 2007 3:17am
This has got to be the greatest one day run in recent history.....WOW!!!
  • #12
  • Jan 18, 2007 3:19am Jan 18, 2007 3:19am
there'll undoubtedly be profit taking and a retrace but fundies will drive this much higher IMO. there is now sufficient doubt that BoJ may hold rates longer term and that BOE may raise again next month. long live the UK shopper!
TRADE FOR SWAP
  • #13
  • Jan 18, 2007 3:36am Jan 18, 2007 3:36am
Do you think it will break 240.00 by the close on Friday?
  • #14
  • Jan 18, 2007 3:42am Jan 18, 2007 3:42am
yes, but I'm not too fussed as I'm short CHFJPY with a ration of 2:1, so drawdown is limited, just collecting swap long term.
TRADE FOR SWAP
  • #15
  • Last Post: Jan 18, 2007 8:59am Jan 18, 2007 8:59am
I just looked at that pair for the first time. That pair has been in a serious bull run since June of 2005 with only one small retracement in Nov/Dec of 2005.
"Its not where your at, but where your coming from"
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