GBP/JPY
British session hedge
Open the 15 minute time frame for GBP/JPY.
Have Bollinger bands opened.
At 11:00 PM Pacific time zone start watching for the price to hit one of the bands once hit or broken thru enter a long and short.
Set stop at 40
Set TP at 120
Now during the next 12 hours the pair has moved 550 +/- pips so if you watch it you can catch 300 pretty easily.
I haven’t been able to put together an exit plan that works consistently,
planning a better exit is the point of this thread any help would be appreciated.
But in response trading this on four days on a demo I made 278 pips including losses. However due to my job I cant be at the computer all the time anyone who can add some advice please add to this.
British session hedge
Open the 15 minute time frame for GBP/JPY.
Have Bollinger bands opened.
At 11:00 PM Pacific time zone start watching for the price to hit one of the bands once hit or broken thru enter a long and short.
Set stop at 40
Set TP at 120
Now during the next 12 hours the pair has moved 550 +/- pips so if you watch it you can catch 300 pretty easily.
I haven’t been able to put together an exit plan that works consistently,
planning a better exit is the point of this thread any help would be appreciated.
But in response trading this on four days on a demo I made 278 pips including losses. However due to my job I cant be at the computer all the time anyone who can add some advice please add to this.
