GBP/JPY and I

Hello traders, I would like to share my experience trading with this exciting pair and probably I will only trade once or twice a week or four times a month.

I use weekly, daily and h1 time frame to identify an entry point and once the entry point appear I will execute it immediately with a maximum target of 500 pips with option to do re-entry as long as all indicators are still occupied their respective position.

Cheers,
Bale

Buy GJ at 135,65 with Target 139,50 . Frankly this is a continuation trend and I can't expect to make a maximum target.

Weekly chart is going up

Come on GJ up we go

I am still holding my long position because I follow the weekly trend and I am confident that after news more buyers will join.

Dealing with GJ will give us far greater results if we follow the weekly trend even though the signal is rare.

So far February and March have given satisfying results but the best result is of course the June results.

How do I determine the best place to trade?

The easiest example is the weekly chart in early May 2020. The trend is bearish again wich means it's the right time to go back to the market to sell.

Now we must open the daily chatt. It clear that the bearish candle on May 1 was unable to engulf the previous candle on April 30 and that means I need to wait for a rigjt moment.

Finally the weekly and daily charts are all agreed to sell on May 4 and I need to do the next step to make a transaction in H1.

The task is now easy. I just need to wait for the strongest resistance and jump in with a target 300 pips.

and look, the target is reached within 3 days

Hopefully this easy step by step style can help some traders.

Cheers

I come out with +162 , however I will re-entry again next week if the indicators still suppprt.

weekly...very good to keep an eye on

GBPUSD weekly speaks volumes

Nice chart bro, hopefully you enjoy profit every week.

Clear who the winner is

here's someone who had a lot of fun trading GBPJPY, night after night he would make $20k, $50K, $70K and more

Thank you for the link but in my opinion the best way to win transactions using GJ is to only trade once or twice a week with a target of 200 to 300 pips per transactio. However, I appreciate all the metods use by others, whether it's m5, m15,h1 or h4.

Sometimes there is only one signal a month ( my style ).

Cheers

1 signal only (:

Only 3 signals in July 2020 wih +442 pips