GBPJPY Bottom out for Mega Swing trade??? - Part 2

Finally, the trade I have waiting patiently for.. you can call it luck.. but when the golden opportunity knock on the door, you better be ready and have it all planned out to grab it !

As mentioned in my first post See Part 1 on this potential mega swing trade, the possibility of a bottom out for this pair is high.. somewhat similar to that of GBPNZD. With USDJPY hitting all time low since WWII and with the crisis in Japan at hand, it is a no brainer to start my audacious operation on this pair and start buying and averaging down. It is just a matter of time Japan will have to weaken the yen to dig themselves out of the abyss. Therefore, the lower USDJPY and GBPJPY goes down (see also highly correlated pairs), the lesser risk my Long trade will be.

A panic buying of yen soon followed after the massive earthquake and tsunamis in Japan, and picks up speed when the nuclear crisis went sort of out of control. My initial buy was triggered when GBPJPY hit 2011 low and subsequently my incremental lot size buy orders was triggered along the way down as the pair plunged (while I was sleeping thankfully! i can imagine the emotional roller coaster) as can be seen from the attached H4 chart. The last buy order was triggered somewhere near the bottom with the largest lot size on hindsight. This must be what they call value-averaging???

Bottomline, my gamble that the central banks (well, at least Japan will) will intervene to weaken the yen did materialize and my mega swing trade for this pair was born.