GBP/JPY is the most volatile pair, and yet the most predictable one if you are trading only this pair.
In this very first post I have attached the two indicators that I use on my charts for basic trend analysis, though I love naked charts better. But for the purposes of explaining in easier terms I will be using these 2 indicators.
One is the xpMA and the other is the Time Series Forecast.
My first trade was given on tuesday evening which I will explain later in this thread, for 234.38 which is also a daily trendline and a deciding factor for future GJ moves.
Today as you can see in the attachment below we broke the 4 hour trendline triangle during the NZD news event, which was later reinforced by the GBP news event, thereby exposing the daily trendline 234.38 immediately.
In this very first post I have attached the two indicators that I use on my charts for basic trend analysis, though I love naked charts better. But for the purposes of explaining in easier terms I will be using these 2 indicators.
One is the xpMA and the other is the Time Series Forecast.
My first trade was given on tuesday evening which I will explain later in this thread, for 234.38 which is also a daily trendline and a deciding factor for future GJ moves.
Today as you can see in the attachment below we broke the 4 hour trendline triangle during the NZD news event, which was later reinforced by the GBP news event, thereby exposing the daily trendline 234.38 immediately.
Attached Image
Attached File(s)
xpMA.mq4
10 KB
|
979 downloads
Time Series Forecast.mq4
3 KB
|
1,027 downloads
T3MA.mq4
3 KB
|
947 downloads