What indicator you think suit GBP/JPY the best ? | Forex Factory

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What indicator you think suit GBP/JPY the best ?

  • #1
  • First Post: Jan 26, 2007 5:59am Jan 26, 2007 5:59am
Hi guys, this is the first thread i posted in Forex Factory Forum, seems like this forum getting famous. Let's get started , i am interested in GBP/JPY this pair because the average movement for this pair is arond 100-200 pips per day. If any of you guys can master the movement for this pair, you will great. Normally i use RSI 14 + ADX to trace the momentum of G/J , what about you guys ? Later i will post out the reason why i use that 2 indicators.

-Siang-
  • #2
  • Jan 26, 2007 6:24am Jan 26, 2007 6:24am
Hey,

If you are new to trading I would go for an easier pair to trade.

If you are good to go-

For this pair I use the tlatomi method. You will find it in this forum, it was posted by a fella called Judex001 ( cheers mate)....it is an solid method and on the 4 hour chart you catch good moves on this pair....but- you will need to give the trade room to breath so stops are large for this pair.

Good luck
  • #3
  • Jan 26, 2007 6:50am Jan 26, 2007 6:50am
by far if you like trends .... IMO


I like moving averages:

intermediate trend .... 6,13, ..... [these give the long term trend 30,40,50] ....... all ..... WMA's

..... I use 4hr and Daily Charts only ..... recommended for beginners!

And papertrade first ...... until you have a proven Method. IMO
  • #4
  • Jan 26, 2007 7:04am Jan 26, 2007 7:04am
EUR/USD is one of the hardest to trade .... the trends. Just compare it with GBP/USD or GBP/JPY. Just ... IMO
  • #5
  • Jan 26, 2007 7:10am Jan 26, 2007 7:10am
hi!
by far if you like trends .... IMO
I like moving averages:

intermediate trend .... 6,13, ..... [these give the long term trend 30,40,50] ....... all ..... WMA's

..... I use 4hr and Daily Charts only ..... recommended for beginners!

And papertrade first ...... until you have a proven Method. IMO



could you put a chart for example please !!!

thanks
  • #6
  • Edited 8:10am Jan 26, 2007 7:48am | Edited 8:10am
Quoting breizhfx
hi!
by far if you like trends .... IMO
I like moving averages:

intermediate trend .... 6,13, ..... [these give the long term trend 30,40,50] ....... all ..... WMA's

..... I use 4hr and Daily Charts only ..... recommended for beginners!

And papertrade first ...... until you have a proven Method. IMO



could you put a chart for example please !!!

thanks


I have not posted charts before, so ... but its really easy to set up.


For Newbies ...... [MT4] Go to ..... Insert, Indicators, moving averages .....


I use tomato for the 30 and 50 and white for the dotted 40 wma.
..... and yellow for the 6 and white for the 13 wma.

Once you have the setup you will know why these work so well for me. You do not need to use the 40 if you prefer not, but it helps to create a nice tight TWIST in the averages, and or if these lines Pass .... cleanly .... through the 6 and 13 ..... then take note, but there are exceptions, so papertrade until you have a proven Method. Mix or match to whatever works for you. But I have found these moving averages to be some of the best! And if anyone is new to trading .... please papertrade first ...... and if you trade with $ go to a higher timeframe chart like 4hr. or even the daily, for the trends. There are many traders, that are losing their accounts, trying to pick tops and bottoms.







  • #7
  • Jan 26, 2007 2:21pm Jan 26, 2007 2:21pm
Quoting archangel
Hi guys, this is the first thread i posted in Forex Factory Forum, seems like this forum getting famous. Let's get started , i am interested in GBP/JPY this pair because the average movement for this pair is arond 100-200 pips per day. If any of you guys can master the movement for this pair, you will great. Normally i use RSI 14 + ADX to trace the momentum of G/J , what about you guys ? Later i will post out the reason why i use that 2 indicators.

-Siang-
55ma
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  • #8
  • Last Post: Jan 26, 2007 4:54pm Jan 26, 2007 4:54pm
I like the indicator where you buy gbp/jpy everytime it has a dip. :
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