Taming the Almighty GBP/JPY | Forex Factory

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Taming the Almighty GBP/JPY

  • #1
  • First Post: Dec 12, 2007 10:16am Dec 12, 2007 10:16am
Hi traders,

GBP/JPY pair is a real double-edged sword. Some traders don't wanna mess with it while a few trade the pair exclusively.

I'm testing different systems on it but so far, there are two systems which work well for me. I haven't done official statistics though.
1) Cowabunga system (from babypips.com)
2) Nicotina system's High & Low 8 hours

Anyone who may suggest other systems which work well based on live trading?

Thanks.
"People sometimes mistake luck with skill"
  • #2
  • Dec 12, 2007 10:24am Dec 12, 2007 10:24am
The Auslanco sytem is one of the longest running threads on this pair. Head on over and get in where you fit in.
  • #3
  • Dec 12, 2007 10:30am Dec 12, 2007 10:30am
It's only a few months old.
  • #4
  • Dec 12, 2007 10:38am Dec 12, 2007 10:38am
Thanks, I'm beginning to read over it. It has some of the best ideas by posters too.

Quoting DollaBill
The Auslanco sytem is one of the longest running threads on this pair. Head on over and get in where you fit in.
"People sometimes mistake luck with skill"
  • #5
  • Dec 12, 2007 10:43am Dec 12, 2007 10:43am
Right now, I'm quite comfortable using Nicotina system as it gives a hedge-like approach.

And also, one rule is to buy back the same stop entry if ever one gets stopped. It's reminiscent of Jacko's Anti-Hedge style.
"People sometimes mistake luck with skill"
  • #6
  • Dec 12, 2007 7:53pm Dec 12, 2007 7:53pm
Depends on your expectation of pips. If you want 100 pips, or 5 pips, system will be different.

These are my suggestions (in no order of preferance):

1. Spud's rope theory 1H
2. Acko's L20 15M
3. Imran salt's modified version - 1H chart, 0.6 lag-asc, 85, 15 levels
4. Iandoker's 5pip trades
5. Boxingislife's stoch system
6. MTF stochastics by spud

These should be enough to get you going. If you read the entire threads on all of the above, and use vhands EA to test the methods (I read somewhere just before that 2mths of trading can be done in 8 hours of vHands), you will know which one is for you, and with discipline, you will succeed.

Regards,
K.
  • #7
  • Dec 12, 2007 9:03pm Dec 12, 2007 9:03pm
Thanks.

Quoting kermut
Depends on your expectation of pips. If you want 100 pips, or 5 pips, system will be different.

These are my suggestions (in no order of preferance):

1. Spud's rope theory 1H
2. Acko's L20 15M
3. Imran salt's modified version - 1H chart, 0.6 lag-asc, 85, 15 levels
4. Iandoker's 5pip trades
5. Boxingislife's stoch system
6. MTF stochastics by spud

These should be enough to get you going. If you read the entire threads on all of the above, and use vhands EA to test the methods (I read somewhere just before that 2mths of trading can be done in 8 hours of vHands), you will know which one is for you, and with discipline, you will succeed.

Regards,
K.
"People sometimes mistake luck with skill"
  • #8
  • Last Post: Dec 12, 2007 10:10pm Dec 12, 2007 10:10pm
One system that is worth a read!

Imran Sait's Simple Lag System!! Only problem is, you have to consume 360+ pages of information.
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