"Back in the day", I cut my teeth trading currencies via GBP/JPY.
I love the violent, sporadic moves and the ability to make money quickly on this pair.
In 2007 we had an awesome group dedicated to trading "the beast" and the conditions were marvelous for spectacular moves. However, things died down after the mortgage crisis meltdown and Geppy hasn't been the same ever since (neither of us).
Now, with the craziness out of Japan and the Yen, I've been seeing new life breathing into the ol' beast.
I'm ready to start dedicating a lot more time and resources to trading the pair and want to get a thread for like-minded souls.
In the short-term, I now feel we're in correction mode and I've opened fresh shorts (now trading at 142.40), however, I'm keeping tight stops slightly above 142.80
I think a test of 140 or even 139 could be in order within the next couple days. If we reach there, I'll be in "wait and see mode".
Anyone else interested in joining this crusade to tame the beast?
I love the violent, sporadic moves and the ability to make money quickly on this pair.
In 2007 we had an awesome group dedicated to trading "the beast" and the conditions were marvelous for spectacular moves. However, things died down after the mortgage crisis meltdown and Geppy hasn't been the same ever since (neither of us).
Now, with the craziness out of Japan and the Yen, I've been seeing new life breathing into the ol' beast.
I'm ready to start dedicating a lot more time and resources to trading the pair and want to get a thread for like-minded souls.
In the short-term, I now feel we're in correction mode and I've opened fresh shorts (now trading at 142.40), however, I'm keeping tight stops slightly above 142.80
I think a test of 140 or even 139 could be in order within the next couple days. If we reach there, I'll be in "wait and see mode".
Anyone else interested in joining this crusade to tame the beast?
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