that is one way of looking at it these pairs trend and thats the ticket to wins right now yen is getting stronger then yen will weaken thats what causes a trend and the fill ins are short consolidation periods
whats interesting is on the eurjpy,gbpjpy,cadjpy,audjpy they all have the same pattern on the chart and the gbpusd and gbpchf have the same too. this might be a very good fit
Morning all and thank you for the contribute on testing and developing the idea "audjpy", btw my broker offer it to me at 5 pips spread. Will be here with you for the trading day since now, ciao!
AUD JPY is a perfect pair for this technique. I've been trading live on it using this technique for this month, and its been giving me good results. But my observation is that this pair, like all other JPY pairs are best traded during the Asian session and movement are most times very rapid during this session.
I'll also recommend other Jpy pairs.
it kind of makes sense as one of the traders and i were talking about the carry trades unwinding so this pair makes sence plus the cad and aud are commodiites currency dealing with oil and gold so again we are replacing eurcad with audjpy
ok here we go pull up a daily chart put a 5 ema of close and 8 ema of open add a 13 rsi with a 50 level and a dinapoli stoc already set at 8 3 3 this is where it gets very simple. since the true key to the mint is trading according to the trend this style will keep you on the right side. this system will keep you out when consolidation happens not 100% but 90% so once you have a cross of ema and rsi crosses 50 this will determine trend direction dont look at stoc on daily chart only use them with the other 2 on hourly only ( you get this info at 7PM on most charts new day starts with asian session) you then go to 1 hr chart and look for only trades going in that direction when the 3 indicators cross on 1hr you enter at the close of that candle. my tradingtimes: i look for a signal beginning at the close of the 6 gmt candle and usually stop at 15 gmt i use an alarm to wake me sent to my phone basicly when ever a signal comes if you miss one wait for the next bus. have fun and make money tomorrow look for longs in gbpusd and shorts in gbpchf here is a document of the system and the dinapoli stoc indicator. the only reason we are using the dinapoli stoc is on my trading platform dealbook my stoc values are different than mt4 and in order to make evry thing uniform to be the same this indicator does that on mt4
i stayed away from teh cadyjpy as both were strong!
my results for entry into 600gmt bar:
gbpjpy - short : +20pips
gbpusd - short :+9pips
eurjpy - short : 24pips
audjpy - short : 3pips
grand total = 56pips
This makes up for the first weeks loss.
wasnt easy managing all four at once. Being in four trades at once, i lowered target profit. note - audjpy taget profit order had a typo - damn small font size on the broker platform (IB).
back to bad. its been a fun 30minutes! hope i can sleep till 10 GMT bar opens.
