Usually when the price falls to 204.00 it ranges between 205.00 & 203.36. I am look for this to keep moving down towards the bottom of my up channel and am looking for either a reversal around 203.00-203.50 level or a break of that level which might ...

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY June 3rd, 2008 — I took a short yesterday @ 204.76 and this hit my T/P @ 204.20.....56 pips profit, nice.

Journey Forex GBP/JPY - mostly same day trades

I'm on the sidelines for right now but if the price falls below 205.00, I will look at going short for 50 pips TP by 204.30; long at 206.25 for 100 pips.

Journey Forex GBP/JPY - mostly same day trades

trade closed @ 205.50 with 125 pips

Journey Forex GBP/JPY - mostly same day trades

Update — Moved S/L to B/E....target 205.50 for safe trade; 205.00 aggressive

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY June 2nd, 2008 — The price has broken my up trend line and the 207.00 support so I am short @ 206.76.

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY June 1st, 2008 — The price broke above 209.00 then came back to test support level 208.00. Long positions look good on daily chart since the price has not closed above 208.08 since Feb 27th (prior to May 28th). I will enter long on the ...

Journey Forex GBP/JPY - mostly same day trades

Hi Freddy ! Thanks for the encouragement and good luck to you too.

Journey Forex GBP/JPY - mostly same day trades

Thank you Caireono. I hope to keep posting too

Journey Forex GBP/JPY - mostly same day trades

hi i trade the GBP/JPY too and just reading through your journal. i like your signature about knowledge/ignorance. good luck

Shahroodi's Journal

GBP/JPY May 30th, 2008 — The price finally broke out of my up channel so I will go long on 209.00 break. If the momentum is strong, I'll stay in the trade and trail the stop (next week)

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY May 29th, 2008 — The price looks to be ranging but 209.00 break looks good to go long. That might be a big move since that level has not been broken since the dip in March. 208.00 to 208.50 looks tricky. Each time the price gets to ...

Journey Forex GBP/JPY - mostly same day trades

trade closed @ 207.02. I would have held this longer but the price is nearing the top of my up channel so I will wait to see if it bounces or breaks before reentering the market.

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY May 28th, 2008 — The price finally broke out of the triangle with good momentum. I am long @ 206.50.

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY May 27th, 2008 — Price still choppy. I'll wait for it to break out of the triangle to decide where to go long/short. If it breaks out of the triangle and breaks 204.00 I will most likely go short but depends on momentum. Going long ...

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY May 26th, 2008 — Just to mention, I took profit @ 40 pips on Friday because the volume was so low and I don't like staying in trades late on Friday. Today is Memorial Day so I will not be trading since both UK & US will be closed. From ...

Journey Forex GBP/JPY - mostly same day trades

trade closed @ 204.52

Journey Forex GBP/JPY - mostly same day trades

short @ 204.92

Journey Forex GBP/JPY - mostly same day trades

GBP/JPY May 23, 08 — This bounced yesterday @ 206.56 so I'm looking to go short on 205.00 break if it has enough momentum with it. Target 204.00 though this might go all the way to 203.35. If I set a stop it will be around 206.15 and will ...

Journey Forex GBP/JPY - mostly same day trades

Thanks Hikkake

Journey Forex GBP/JPY - mostly same day trades