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favourite currency (100 pips per day)

  • #1
  • First Post: Nov 2, 2007 9:50am Nov 2, 2007 9:50am
Having traded on much currency. i think gbp/jpy is the best currency to trade on b'cus of it's high volatility.

I will want to know poeples view on the best currency to trade on. and after this i am going to give out my simple strategy which gives me 100 pips per day.
  • #2
  • Nov 2, 2007 10:28am Nov 2, 2007 10:28am
My favorite is also GBP/JPY, but GBP/USD and, lately, USD/CAD are good, too.

Terry
  • #3
  • Nov 2, 2007 11:09am Nov 2, 2007 11:09am
Geppy and Cable are the most rewarding currencies for sure BUT they also are the most reckless account assassins
  • #4
  • Nov 2, 2007 11:56am Nov 2, 2007 11:56am
Dont forget, higher volatility also means larger stops!
  • #5
  • Nov 2, 2007 12:38pm Nov 2, 2007 12:38pm
GBP/JPY
  • #6
  • Nov 2, 2007 2:36pm Nov 2, 2007 2:36pm
Quoting Xenaga03
Dont forget, higher volatility also means larger stops!
Quite true and, if you're trading the Daily, it can get pretty large.

Terry
  • #7
  • Nov 7, 2007 2:39pm Nov 7, 2007 2:39pm
Volatile pairs always scare me!

I usually trade GBP/USD
  • #8
  • Nov 7, 2007 8:57pm Nov 7, 2007 8:57pm
Quoting judah
Having traded on much currency. i think gbp/jpy is the best currency to trade on b'cus of it's high volatility.

I will want to know poeples view on the best currency to trade on. and after this i am going to give out my simple strategy which gives me 100 pips per day.

you tell me ....you're the guy making 100 pips a day....!
  • #9
  • Nov 8, 2007 7:07am Nov 8, 2007 7:07am
Hello I am a beginner in FX, I have bookmarked this page and now crossing my fingers and waiting for Judah to show us his secret.
  • #10
  • Nov 8, 2007 5:21pm Nov 8, 2007 5:21pm
Don't hold your breath.
  • #11
  • Nov 8, 2007 7:31pm Nov 8, 2007 7:31pm
AUDUSD
good $$$ per pip return with long steady trends allowing small stops.
  • #12
  • Nov 8, 2007 11:34pm Nov 8, 2007 11:34pm
waiting for simple system-)
  • #13
  • Nov 11, 2007 3:14pm Nov 11, 2007 3:14pm
Quoting judah
Having traded on much currency. i think gbp/jpy is the best currency to trade on b'cus of it's high volatility.

I will want to know poeples view on the best currency to trade on. and after this i am going to give out my simple strategy which gives me 100 pips per day.
What became of your system that generates 100 pips a day? I thought you were going to share it with us.
  • #14
  • Nov 11, 2007 3:19pm Nov 11, 2007 3:19pm
Quoting WHTenn
What became of your system that generates 100 pips a day? I thought you were going to share it with us.
And we are surprised?
  • #15
  • Nov 14, 2007 12:11pm Nov 14, 2007 12:11pm
Quoting Marrethiel
And we are surprised?

lol...no, my friend
  • #16
  • Nov 15, 2007 12:05am Nov 15, 2007 12:05am
Quoting judah
Having traded on much currency. i think gbp/jpy is the best currency to trade on b'cus of it's high volatility.

I will want to know poeples view on the best currency to trade on. and after this i am going to give out my simple strategy which gives me 100 pips per day.
I wanna know it..... Please... let me know....
  • #17
  • Nov 16, 2007 9:32am Nov 16, 2007 9:32am
Quoting judah
Having traded on much currency. i think gbp/jpy is the best currency to trade on b'cus of it's high volatility.

I will want to know poeples view on the best currency to trade on. and after this i am going to give out my simple strategy which gives me 100 pips per day.
Hmmm...

High volatility = big risk = no logical price actions = no kiss. It doesn´t mean high returns!!

In my opinion, the gbp/jpy is very difficult to trade. Because the pair has low volume/trading activity.

Big traders/Hedge Funds, and banks prefer the EUR/USD. That pair has a low volatlity.
Do a search at google, biggest traders trade the EUR/USD.

The daily moving avarage of the EUR/USD is about 75 pips. Lets say with your daytrading system, you can catch 33 pips a day for the EUR/USD pair. Now, why not trade with 3 lots?? You can get the 33 x 3 = 100 pips too LOL...

RM and MM dude!
Trainee at UBS Investment Banking
  • #18
  • Edited 1:32am Nov 18, 2007 1:27am | Edited 1:32am
Here is a simple trading strategy to get you positive pips on any currency.
2 indicators are used. Macd with OsMA (2 lines+ Hologram) and a 16 SMA on the 15 minute chart.
Rules for long trade.
Enter trade when MACD crosses, Blue line on bottom pushing market upward, and candle appears above 16 SMA. Draw trend line connecting bottoms of candles or wicks. Exit trade when candle closes on opposite side of trend line.

Rules for a sell trade
Enter trade when MACD crosses, Blue line on top pushing market down, and candle appears below 16 SMA. Draw trend line connecting tops of candles or wicks. Exit trade when candle closes on opposite side of trend line.

I will post a chart with both trades. You won't get all of the pips, but you'll get some. It is okay to draw more than 1 trendline (See buy trade)
Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 18 KB
  • #19
  • Nov 19, 2007 6:46am Nov 19, 2007 6:46am
can you please provide us with the MACD indicator? thanks!
  • #20
  • Nov 20, 2007 1:09pm Nov 20, 2007 1:09pm
Quoting giogio15
can you please provide us with the MACD indicator? thanks!
Here ya go!
Attached File(s)
File Type: ex4 MACD+OsMA.ex4   3 KB | 423 downloads
File Type: mq4 MACD+OsMA.mq4   2 KB | 462 downloads
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