T11 2/10/15 12PM
Short position on GJ @ 181.99 w/ SL @ 182.40/TP @ 181.40. Trade based on continuing EZ troubles due to Greece instability + long-term trend view bearish.
UPDATE: SL left overnight got hit @ 182.70 for -70 pips. Another short position entered early morning on phone closed manually @ -24 pips
T12 2/11/15 10AM
Long position entered @ 183.52. SL @ 183.15/TP @ 184.25. Trend trade.
UPDATE: Closed manually @ 183.79 for +25 pips. For some reason, i have a gut feeling GBP is overpriced. Must be because of ongoing Greece debt talks.
T13 2/11/15 11AM
All over the place again with my long GJ trades. Entered @ 183.63 after price made significant pullback. SL/TP TBD. Using 12:1 leverage.
UPDATE: Closed for -30 pips.
T14 2/11/15 12PM EST
Last trade for the week. Will be taking this position long-term. Been chipping off my account from recent trade commissions. Anyway, traded EJ and GJ short @ 136.04/182.25. 40 mini lots opened so around 13:1 leverage used.
UPDATE: Price went up to +200 pips earlier. Failed to close. Was still asleep. Still holding my positions.
[B]UPDATE:[/B] Still holding GJ short positions. Closed EJ at + 10 pips last week. GJ currently at +77 pips. Still bearish bias. I have no specific target profit though. Will be holding for a day or two.
[B]UPDATE:[/B]Closed positions on GJ for +40 pips. Was going to leave it overnight. Had a feeling it was reversing up to my entry price though so closed all.
T15 2/1/7/15 11AM
Entered long position on GJ @ 182.38. No TP in sight. will close manually if price goes below 182.10. No real reason for entering.
UPDATE: Closed all positions manually for +167.6 pips. Price is at last swing high. Uncertainty in Greece still looms ahead of the week. Also, other yen pairs have not moved much including EJ and UJ which leads me to believe at least for the time being that the bullish momentum is unsustainable. If price makes a good pullback to the 183 area, i may re-enter a long position but for now will remain neutral.
T16 2/18/15 8AM
Re-entered long position on GJ @ 183.93 w/ TP around 184.50/SL set at close below 183.6. Price still hovering around key resistance area. FOMC minutes coming in later which should give the pair some push upwards.
UPDATE: Closed all positions manually for -67 pips.
i have very bad experience with fxcm ,are you registered under fxcm USA or UK?
FXCM US sir/maam. The one here in NYC. So far their service is good. What was your ‘very bad experience’ if i may ask?
T17 2/19/15 10AM
Entry short position on GJ left overnight was hit @ 183.55. I am now at -8 pips. Will be keeping the trade. SL is close above 184.00. TP TBD. Still betting on panic coming from the EU, particularly Greece.
[B]UPDATE[/B]:Closed all positions manually @ 182.28 for +126 pips average. It could drop further but considering it’s Friday, i don’t like to see price go against my position and then i’d have to wait for it again just to come back to last swing low to close.
T18 2/20/15 9AM
Took a long position on GJ @ 181.73. Will be scalping the small pullback to the upside. Last trade for the week.
UPDATE: Closed all positions manually @ 182.16 for +41 pips. That’s me for the week. How was your week, guys?
T19 2/22/15 06PM
Entered long position on GJ @ 183.25. SL @ 182.9/TP @ 184.00. Took trade after price filled gap from last week. Seeing fundamentals as easing from the risk-off sentiment from last week.
UPDATE: Closed all positions manually @ 182.63 for +38.4 pips. Bad risk/reward. Decided to close based on price action from daily chart.
T20 2/23/15 06PM
Short entry on GJ @ 183.69. SL at close above 184.00. TP to be decided. Betting on a range formation here and sold near resistance.
UPDATE: SL hit overnight at 184.10 for -41 pips.
T22 2/24/15
Short position entered on GJ @ 184.13. Targeting the 183.5 region but may extend TP farther. SL close above 184.25
UPDATE: SL hit overnight for -28 pip loss. Was pretty sure probability was in my favor. Guess it wasn’t my luck.
T23 2/25/15 10AM
Long position entered on GJ @ 184.13 with SL @ close below 184.00 / TP anywhere between 40-60 pips.
UPDATE: Closed for -40 pips. Poorly managed trade. It went up +85 pips but was too greedy to pull out.
Ive been dipping into GJ for a few weeks and have noticed that it is subject to wild swings, 100 pips one way then 50 the other, so I work with very large (or no) stop losses on this pair
Hey Eddieb,
Indeed. I am not seeing any clear trend direction here. Even from a range perspective it’s really blurry. Where’d you think its headed at least for the remaining 2 days of the trading week?
Been on an uptrend for years and I see no reason not to continue, so long as you can ride the dips.
Ive got 2 gj trades on at the moment. One just returned to profit minutes ago ( I entered yesterday) with a target of 40 pips, the other about to go into profit but with a 200 pip target
