Gbp/jpy

Quote from th_forex:

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.
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Ik you are getting 16 USD swap a day for a 100k lot long GNP/JPY you are getting robbed! It should be around 26 USD!
 
IS IT THE BEGINNING OF THE LONG-AWAITED CARRY UNWIND(2nd since 2007Feb-Mar)?

If so, that should be the very 2nd chance not to miss.
 
Quote from SergiPavl:

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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I've come to realise that all this is of a more complex nature & that goes beyond these general, vague, obscure & unclear words.
 
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