Hi Pip,
Picking up 10-15 pips 6 times a day is a good thing, especially on GBPJPY.
But GBPJPY is so volatile and jittery, especially on the 5-min charts (I know, I've played there myself). Do you use the same setup for all of those trades and, if so, can you share with us your entry strategy, how you handle the drawdown, and how you make a swift and profitable exit?
Thanks!
Picking up 10-15 pips 6 times a day is a good thing, especially on GBPJPY.
But GBPJPY is so volatile and jittery, especially on the 5-min charts (I know, I've played there myself). Do you use the same setup for all of those trades and, if so, can you share with us your entry strategy, how you handle the drawdown, and how you make a swift and profitable exit?
Thanks!
DislikedWell fellow stoch lovers,
I will keep posting and I do believe that you go with "the one that brung ya", so I don't see myself changing any time soon. I like trading the 5 min, especially with the gbp/jpy and I am convinced you don't need anything other than the stoch's to do it. It is 10-15 pips (at least) every time I trade it and I can make that trade at least 6 times a day. why would I need anything else? Keep on Stochin'!!!!!Ignored
Jeff Singer, K2KV