Gbp/jpy

limited out at 235.60.

there could be more upside potential but in as far as my my swing trading approach goes i've met my target and i'm out.

now i'm waiting for another setup to go long or short if a bearish reversal pattern emerges.
 
Quote from SergiPavl:

1
One of the best pairs in terms of profit potential.
I've been thinking it over for long now. There's still work to do.

2
The most important specialty of the pair, when trading aggressively, is entry point.
Wrong- and u may lose your deposit in a matter of MINUTES!!
This pair can go as fast as 80pips in 5minutes & even faster!!Such moves are a common thing here.

Anything else is secondary. U got to enter right & move the stop to breakeven. That's it!!

3
I want to be able to rip off all substantial moves. See 'em all & never make a single mistake.
That is achievable.
If one is able to do all of the above he'll make a fortune in a matter of months.
:D :D :D :D
More...

Well, 4 months from this post & I'm still working on the pair.

Unfortunately I missed the carry unwind which happened just weeks after. But I hope to be on alert next time.

I'm still convinced that this pair can make anyone rich in a matter of several months. The point is in discovering a proper method to be applied to this pair.

Not losing hope......
:D
 
Quote from SergiPavl:

Well, 4 months from this post & I'm still working on the pair.

Unfortunately I missed the carry unwind which happened just weeks after. But I hope to be on alert next time.

I'm still convinced that this pair can make anyone rich in a matter of several months. The point is in discovering a proper method to be applied to this pair.

Not losing hope......
:D
More...

Try using trendlines and channels on high frequency fractals (5mins or 1mins usually).

This pair trades the same as every other, but at a much higher velocity.

Which is why you need to use a higher fractal to *see* whats going on.
 
to achilles28

Thanks, mate.

Still, this pair has many specialties. I've been losing money whenever I attempted it. I(& others too, I guess) find GBP a lot easier to trade & this is what I'm doing now.
 
Well, theres certainly no substitute for screen time.

And yes, each pair has a different flavor. But its all ice cream!!

Whats your approach? How do you trade?
 
Quote from SergiPavl:

Well, 4 months from this post & I'm still working on the pair.

Unfortunately I missed the carry unwind which happened just weeks after. But I hope to be on alert next time.

I'm still convinced that this pair can make anyone rich in a matter of several months. The point is in discovering a proper method to be applied to this pair.

Not losing hope......
:D
More...

currently looking at a second pair to trade that might have good movement during the asian session. can you share the results of your screen time and trades...preferably both profitable and non profitable trades? trade date & time, direction (l or s), lot size, etc

we may see something that you missed that could help everyone.

thanks
 
hi,

Now I have open position BUY at price 239,78 from 11.6.07

I trade only on 5:00 -5:30 pm New Your time.

Today my chart system show me new down direction, so probably today I will closed this position and open new SELL.

I trade GBP/JPY mostly only in UP direction because of 16 $ daily swap.
 
Frankly speaking, there IS a consistently profitable approach to GBP\JPY which is 1.using only a small portion of your deposit 2.everyday evaluation of the sentiment towards YEN carry trade 3.using Daily charts for stops

Well, that's it. Oscillators either do NOT work here or only at times.
 
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