I'd wait 90 minutes and see what the BoE has to say first since GBP/JPY is a carry trade pair. Maybe they'll say something that'll make it unwind a little more.
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Dislikedpermanentjaun, keep in mind that only the other week GBP/JPY dropped 800 or so pips in a few days.
I know this move seems to have a lot more force behind it, but I guess we will see where things go. I'm holding a couple of long term positions, this hasn't worried me in the slightest.Ignored
DislikedI'm thinking of doing it. Slow growth pairs so long as I'm on the good side of interest. Anyone know where I can find a list of all currencies with their respective interest rates?
GFT has a list of rollover prices. They don't show the actual rates, instead they show you what price it changes to after the interest rollover. Confusing. Anyone know how I'd be able to compute from that since they show all the pairs?Ignored
Disliked|I actively use GFT. Although it has state of the art platform I would forget about trying to get decent interest from a carry trade. I have compared them with others like IG Markets, Saxo, FXCM and they are not competitive. It seems like you only get about 0.5 pips/day even for the greatest carry trade. It is a little disappointing since they also have the most available crosses to choose from..eg. AUD/CHF whereas FXCM does not have this one.Ignored
DislikedThanks for the link. That does help a lot. I wish they had more pairs listed.
Yes I intend on looking at minimum daily charts to trend trade. Not concern myself with losing 20-100 pips when I see I'm on a nice long trend.
Any recommendations on pairs since you mentioned you do position trade? I would jump on the gbp/jpy band wagon but it has hit the resistance level from 97'-98'. Would love to have joined in 2001. I think that would be my nest egg. Never sell. That would have been a pension. Although, looking at a monthly chart it's still relatively low compared to prices back in 76'.
Does ATR really matter if we're in it for the long haul?Ignored