Tight spread broker for Gbp/Jpy | Forex Factory

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Tight spread broker for Gbp/Jpy

  • #1
  • First Post: May 10, 2007 8:38am May 10, 2007 8:38am
Hi everybody,

I really like trading this pair, a fast moving one, I know a bit dangerous, but giving some happy results, especially with camarilla....
But my trader won't offer me better than a 10 pips spread, so I hope there is a tighter one somewhere, and you guys know everything...

Thanks a lot.....I do love this site

PDL
Non licet omnibus adire Corinthum
  • #2
  • May 10, 2007 9:03am May 10, 2007 9:03am
You can always search for this info here on the forums...but I can tell you that tightest spreads I've seen are all ECN based which are often variable spread.

ECN based spreads are usually 1-4 pips with an extra $20 round-trip commissions for standard lots.

Quoting javajames
Hi everybody,

I really like trading this pair, a fast moving one, I know a bit dangerous, but giving some happy results, especially with camarilla....
But my trader won't offer me better than a 10 pips spread, so I hope there is a tighter one somewhere, and you guys know everything...

Thanks a lot.....I do love this site

PDL
  • #3
  • May 10, 2007 9:08am May 10, 2007 9:08am
ODL and Fastbrokerfx offer 6pips for GBP/JPY.
  • #4
  • May 10, 2007 9:09am May 10, 2007 9:09am
Quoting mrmikal
You can always search for this info here on the forums...but I can tell you that tightest spreads I've seen are all ECN based which are often variable spread.

ECN based spreads are usually 1-4 pips with an extra $20 round-trip commissions for standard lots.
earlier mb trading had 1 pip spread on this pair but most of the time it's between 3-5 pips
If I Go Broke Trying Then I Will die happy.
  • #5
  • May 10, 2007 9:12am May 10, 2007 9:12am
also odl offer a solid 6 pip spreads the cheapest out of all market makers
If I Go Broke Trying Then I Will die happy.
  • #6
  • May 10, 2007 9:27am May 10, 2007 9:27am
Try Man or MIG
  • #7
  • May 10, 2007 9:27am May 10, 2007 9:27am
Thanks guys....Are you also fans of this crazy pair ????

PL
Non licet omnibus adire Corinthum
  • #8
  • May 10, 2007 9:34am May 10, 2007 9:34am
Fans? lol

I suppose you like the volatility in this pair, and a lot of people do. Personally, I like any pair that makes me money. :-)

Welcome to the factory.

Quoting javajames
Thanks guys....Are you also fans of this crazy pair ????

PL
  • #9
  • May 10, 2007 9:35am May 10, 2007 9:35am
Quoting javajames
Thanks guys....Are you also fans of this crazy pair ????

PL
im a fan on anything that moves, gbp/jpy, gbp/chf cross, gbp/usd major
If I Go Broke Trying Then I Will die happy.
  • #10
  • May 10, 2007 9:39am May 10, 2007 9:39am
Quoting benssol
Try Man or MIG
Hi benssol,

I know you from TEB system thread..... that I'm using too with some modifications and especially Camarilla levels which bring filter, SL and TP to TEB's original rules....but makes it a little more complex too....

PDL
Non licet omnibus adire Corinthum
  • #11
  • May 10, 2007 10:51am May 10, 2007 10:51am
Quoting javajames
Hi benssol,

I know you from TEB system thread..... that I'm using too with some modifications and especially Camarilla levels which bring filter, SL and TP to TEB's original rules....but makes it a little more complex too....

PDL
HI Java

the great TEB system always works

I use it with some of PA and PFs and it doing great

as todays ex with this system I add to my short(I shorted from yestarday at 70) on cable @ 41 then after seeing big bearish outside bar on 4H I added again @ 905 and ..
(chart attached:the vertical white line is the cross of the 4H)

what about your modification??
are they promising, can you explain them?
Do you java language fan also?
Attached Image
  • #12
  • May 11, 2007 4:40am May 11, 2007 4:40am
Hi Benssol,

Congratulations for your ton of pips yesterday, well done....I missed that one by distraction

btw what do you mean by PA and PF ?????

yes I was fan of java in another life...and the island too as Bali....
I'm new to TEB system and try to find some other ideas in terms of SL & TP. I do like researching....I'm not ready to share now...not enough testing...
If you're interested I may explain in PM....

What is your trading timezone GMT ? Perso I'm GMT+2 8am-7pm

Luck with you

PDL
Non licet omnibus adire Corinthum
  • #13
  • May 11, 2007 4:50am May 11, 2007 4:50am
Quoting javajames
Thanks guys....Are you also fans of this crazy pair ????

PL
crazy? this is the 'real men' pair...heheheh
  • #14
  • May 11, 2007 12:38pm May 11, 2007 12:38pm
Quoting jest1081
crazy? this is the 'real men' pair...heheheh
yes for sure but even "real men" lose sometimes....
Non licet omnibus adire Corinthum
  • #15
  • May 11, 2007 12:54pm May 11, 2007 12:54pm
Quoting javajames
Hi everybody,

I really like trading this pair, a fast moving one, I know a bit dangerous, but giving some happy results, especially with camarilla....
But my trader won't offer me better than a 10 pips spread, so I hope there is a tighter one somewhere, and you guys know everything...

Thanks a lot.....I do love this site

PDL
IMHO, if you're going to trade exotic pairs you definitely must go with an ECN broker. The dealing-desk brokers apply ridiculous, artificial spreads to these pairs. I'm logged into MB Trading right now and GBPJPY is 1 pip. Of course, if you're tied into an ECN then this means that the spread is variable. In fact, 1 pip is NOT common for this pair. However, I routinely see GBPJPY spreads of 3-4 pips. I don't think I've ever seen it higher than 7 or 8 pips.

With an ECN broker you will have to pay a commission, but if you're accustomed to getting 10-pip spreads, the commission will almost be a welcome alternative.
  • #16
  • May 12, 2007 4:42am May 12, 2007 4:42am
Quoting Bytebodger
IMHO, if you're going to trade exotic pairs you definitely must go with an ECN broker. The dealing-desk brokers apply ridiculous, artificial spreads to these pairs. I'm logged into MB Trading right now and GBPJPY is 1 pip. Of course, if you're tied into an ECN then this means that the spread is variable. In fact, 1 pip is NOT common for this pair. However, I routinely see GBPJPY spreads of 3-4 pips. I don't think I've ever seen it higher than 7 or 8 pips.

With an ECN broker you will have to pay a commission, but if you're accustomed to getting 10-pip spreads, the commission will almost be a welcome alternative.
Thanks for your precious advice....I'm getting into this same conclusion
Non licet omnibus adire Corinthum
  • #17
  • May 12, 2007 1:12pm May 12, 2007 1:12pm
Quoting javajames
Hi Benssol,

Congratulations for your ton of pips yesterday, well done....I missed that one by distraction

btw what do you mean by PA and PF ?????

yes I was fan of java in another life...and the island too as Bali....
I'm new to TEB system and try to find some other ideas in terms of SL & TP. I do like researching....I'm not ready to share now...not enough testing...
If you're interested I may explain in PM....

What is your trading timezone GMT ? Perso I'm GMT+2 8am-7pm

Luck with you

PDL
sorry for that

PA=Price Action, PF=Pitchfork (Andrew Pitchfork)

I'm in GMT+3

and I'm interesting in any new dea, so if you dont mind explain it here or in TEB thread may be you will add more to this system?

thanks
  • #18
  • Last Post: May 14, 2007 5:48pm May 14, 2007 5:48pm
my broker has 6 spread on GBPJPY MT4 based and fixed spread on all market conditions...but unfortunately you cant wire transfer them now as they are applying for FSA

details just PM me i'm not sure if i can post a link here (don't want to get banned)
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