As I read a few of the last posts here I'd like to offer a general thought.
When it comes to trading GJ, unless you have it dialed in really well which requires at least a basic understanding of the effects of it's parents GU & UJ and where they are in realtion to their own SR & SD areas, even if you have the overall direction right, small stops of 10, 20 even 50 will be eaten for breakfast all day long by this pair.
We don't call it the Dragon/Beast for nothing and overall, it's not a great pair for beginners/newer traders to trade live. Years ago we had a saying about this wonderful monster. "If the queen mum farts, it can swing 100 pips both ways in just seconds" ...
The ground it can cover in a day makes it very appealing to trade indeed. But one must always respect the way she flies.
When it comes to trading GJ, unless you have it dialed in really well which requires at least a basic understanding of the effects of it's parents GU & UJ and where they are in realtion to their own SR & SD areas, even if you have the overall direction right, small stops of 10, 20 even 50 will be eaten for breakfast all day long by this pair.
We don't call it the Dragon/Beast for nothing and overall, it's not a great pair for beginners/newer traders to trade live. Years ago we had a saying about this wonderful monster. "If the queen mum farts, it can swing 100 pips both ways in just seconds" ...
The ground it can cover in a day makes it very appealing to trade indeed. But one must always respect the way she flies.
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Ghost Rider - WWTBMD?