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Suidster's GBP/JPY Discussion

  • Post #1
  • Quote
  • First Post: Jan 25, 2008 6:57am Jan 25, 2008 6:57am
Hey Guys,

I have been trading GBP/JPY for over three years now. I have gained experienced ONLY in this pair. Over the several, years I have invented and tried many strategies, and they work great! But the problem with forex is that, those strategies need to be tweaked now and then to be able to keep up with new market demands.

I can keep going on and on about forex, but I'm sure you have heard of this before. I am creating this thread, in which i will be discussing my daily trading methodologies and calling out trade calls.

In addition, If you guys are interested I can even send you my trade calls to your phone, just to show you my performance (for free of course) and you can try on your DEMO account. So let the discussion begin.
so is it short time???!!!!!!
Here is how I trade:

1) I am a daily trader, usually taking 1 trade per day.
- We only take two trades, when the first trade goes bad and we need
to hedge!

2) Per trade making around 60-200 PIPS

3) If a trade goes bad, we don't close. We hedge!!!
- After hedging, we close for a small profit, break even or close for a small
loss
4)I do not use any type of indicators, such as RSI, MACD, Stochs. I believe they are all deceptive.

5) Any questions? you are most welcome to ask me.
Quoting jeghead1
so is it short time???!!!!!!
Sorry, I do not understand you question. If you mean, I'm a short term trader, then the answer is YES. But I am not a scalper!
so is it SHORT time????!!!!
SELL time??????!!!!!
Quoting jeghead1
SELL time??????!!!!!
I have executed today's trade already, so will not be trading anymore today. But you could expect a bounce, at 212.28
well we will see right now
Looking forward to hearing about your methods.
Hopefully we will see trades posted in real time.
History is written by the victors.
Quoting Money-RX
Hopefully we will see trades posted in real time.
Money-RX, as soon as I will enter a trade, I will post it here.
Quoting Squidster
Here is how I trade:

1) I am a daily trader, usually taking 1 trade per day.
- We only take two trades, when the first trade goes bad and we need
to hedge!

2) Per trade making around 60-200 PIPS

3) If a trade goes bad, we don't close. We hedge!!!
- After hedging, we close for a small profit, break even or close for a small
loss
4)I do not use any type of indicators, such as RSI, MACD, Stochs. I believe they are all deceptive.

5) Any questions? you are most welcome to ask me.
Squidster, hope you don't mind me asking this: but regarding point 4), if you do NOT use any of these technical indicators, then what DO you rely on (fundamentals??). Thanks
hi..
1. Did u know how much pips GBP/JPY usually in retrace movement?
2.and what are u use to determine which is reverse trend or continuenation in GJ pair of course?
Thanks..
Logic Wins; Impulse Kills.
Maybe we will see a nice runup & stall at 214 going into the London opening for more short action.

Then again, maybe we won't.
History is written by the victors.
Quoting ukvipersden
Squidster, hope you don't mind me asking this: but regarding point 4), if you do NOT use any of these technical indicators, then what DO you rely on (fundamentals??). Thanks
I used complex stats to identify a new trend.
Quoting sai_saphire
hi..
1. Did u know how much pips GBP/JPY usually in retrace movement?
2.and what are u use to determine which is reverse trend or continuenation in GJ pair of course?
Thanks..
no one can tell you extacly how many pips a retrace will do. You need to gain that knowledge from your strategy.
No trade today. I had a flight to catch and missed a great short trade.
Base on mu experience to trade with GBP/JPY trading on short profit 15-20 pips only but if we monitor closely we can get rich more then 60 pips...
have a good try....
tq
I see pivots very strong and retracement avobe 90.50 on USD/JPY and 138.52 on GBP/USD

so is good time to buy this oversold JPY
  • Post #20
  • Quote
  • Last Post: Feb 25, 2010 12:33pm Feb 25, 2010 12:33pm
cheaper JPY impossible!!! time to BUY vs USD and GBP

targets 91.16 and 139.07
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