GBP/JPY (5+) Minute Analysis

I created a new method based entirely on Parabolic SAR's. This journal will be used to document my forward testing results of the method.

I will be trading off of the 5 minute charts, and enter trades with limit orders set at predetermined price levels, and GBP/JPY will be the only pair I trade.

All limit orders I place will last for only an hour. So, if it is past the hour, the order doesn't count.

When a trade is entered, a S/L of 50 pips is used just for safety, and I will typically aim for around 10-20 pips or even more as I see fit.

1:13AM CST
I have four orders lined up for short GBP/JPY.

They are:

Short @ 233.549
Short @ 233.474
Short @ 233.431
Short @ 233.427

Edit:
Every 5 minutes or so, there may be a new order, since I trade 5 minute charts..

Short @ 233.581

1:20AM CST
Order Short @ 233.674

1:25AM CST
Order Short @ 233.785

Good luck K.

What parameters are you using?

Thanks barak!


Well, I am using a total of 6 PSAR's. The parameters go from (.01-.06,.1-.6). So for instance, one is .01,.1, the next is .02,.2, etc.


Alright another Order for short; should be another in 3ish minutes:
2:02AM CST
Order Short @ 233.899
2:05AM CST
Order Short @ 233.952
2:10AM CST
Order Short @ 233.983
2:15AM CST
Order Short @ 234.014
2:20AM CST
Order Short @ 234.083
2:25AM CST
Order Short @ 234.113

One Limit hit:

Short @ 234.198

Stopped out for -50 pips

Gonna get some rest; will try some more tomorrow.

11:01PM CST
Short Order @ 234.454
Short Order @ 234.442

11:12PM CST
Short Order @ 234.469

11:16PM CST
Short Entry @ 234.469
Short Entry @ 234.454

11:19PM CST
Short Entry @ 234.442

11:31PM CST
Short Order @ 234.407

11:35PM CST
Short Order @ 234.418

11:40PM CST
Short Order @ 234.446

11:45PM CST Short Order @ 234.464
11:50PM CST Short Order @ 234.488
11:55PM CST Short Order @ 234.511
12:00AM CST Short Order @ 234.557
12:05AM CST Short Order @ 234.514
12:18AM CST Short ENTRY @ 234.600
12:31AM CST Buy Order @ 234.849

I think it is up trend now,

your GJ is 6 digit what platform you using ?

Just another pip pip

Dear Kharvell, could u post me the system u invented. myb i can study from it. so how does your trade go?

GBP/JPY downtrend !

Hi
Do you know where l can obtain 5 minute data in ASCII code going back as far as possible. At least a few years.

Don't know what else to do.

Snez