Simple Candlestick-Pivot Method For GBP/JPY

Hello everyone,
This thread is designed to track realtime trades using the Pivot / Candlestick Method for GBP/JPY

***Please use this Thread for posting Setups Only ***

Creator of the Method: nomask
Main Thread Title: Simple Candlestick-Pivot Method
Main Thread URL: http://forexfactory.com/showthread.php?t=65546

This thread is going to be used to alert when setups are forming and when trades are in progress.

Information to include for trades that are forming:

Subject: Watch GBP/JPY of possible Setup

Pair: Eg. GBP/JPY
Pivot Level: Eg. 1.4600 S1
Time frame: 1Hour Chart
Possible Trigger Price or bar: Eg. Break of 1.4604 or Close of this next bar Time: 12:05PM

Information to include when Trades are in progress:

Subject: LONG (Pair Name)

Pair: Eg GBP/JPY
Entry Price:
Stop suggestion:
Possible Target: Eg. Next support or resistance level

Please feel free to post what you see here in this journal

hi fxtrader,

I think nomask specifically designed this method for gbpjpy on 1hr time frame purposely bcos the currency obey candle reversal pattern at pivot points level.

Why EURUSD at 5mins time frame?

I would be glad if you can explain ur decision to change to lower time frame and a less volatile currency.

thanks

I think he meant this as an example. FXTrader, we were going to use GJ as that has enough range. i don't think EU would work in the strategy but you might start another thread for EU also

Hello there,
I actually use pivots on other pairs, but I have changed the items in the beginning post to reflect nomask system.

So now this thread is totally devoted to the 1 Hour GBP/JPY pair. I really just had those other data entries as an example of what we should post when we are in a trade or waiting for a trade to develop.

I Hope this helps
Sorry Guys

FX

thanks for starting the thread FXTrader. i really hope it is put to use. I will post every potential setup that i see here and if others start doing the same, i will have it page my cell phone. no more comments from me so we can keep this thread exclusively for setups. you might want to post a note in bold red that this thread is just to be used for trade setups so it works effectively as an alert system.

sorry, i could not find the thread but there was a very clear sell signal on GJ and i went short. we will see how it turns out.

Nice trade it hit my target of 100pips.

me too. looks like we have another setup possibly but i am unsure about taking the same setup on same line within a few hours

looked like a good signal so i took it

Great idea that got dropped?

Not sure.... No one really posting ....

I think a lot of people are chatting on skype about the trades....

Feel free to jump in and post your trade setups

Hello fellow traders out there!! this is a great thread and i would hope to see it going on

I would like to ask tt is this considered a valid signal to enter? a doji formed when price was rejected at S3. or is it to enter after the bullish spinning top formed?
Hope to hear from u guys

Good trades to u all,
Yuna

The doji was created after the lows were rejected at the S3 pivot. Thats a perfect signal