GBPJPY Daily Trend Method

Michael that red and blue line indicator does it not seem to repaint.

Put it on a shorter time frame and you'll see what others have seen. It's the negative shift that is affecting things

GY System Trade Alert: Wait

This will be a close trade.....ADX and Custom Trend are borderline right now....lets see what the london fix brings us

Make sure you watch the latest video on page #1. I have updated the parameters. Thanks for commenting and showing interest in the thread and system.

GY System Trade Alert: No Trade Today

A possible short is setting up.....trade time in 10 minutes.

GY System Trade Alert: Sell

I'm short @ 132.717

WoW!! GY really running here!

GY system trade coming up.....looks like another short.....this would be in addition to Friday's trade..

GY System Trade Alert: Wait

Continuing to wait in here..........We need the custom trend to turn red

GY System Trade Alert: SELL

I'm short @ 131.815

We still have our open position from Friday.....The new position is considered an add-on. Move the stop from Friday's trade to +35. The new target from Friday's trade is now the same as the target for today's trade. The stop for today's trade is still 100 pips from your entry.

Ex.

I'm short @ 131.815 for today's trade. My target is 125 pips lower @ 130.565
So, the target for both positions is now 130.565

Hey Michael. I'm in short. Do you still think's it's going to drop? I'm negative 50 pips.

Now down 57 pips.

Sorry for the late reply Mary.....My pc just came down with a virus that I received through IM.......Yes, I was dumb enough to click on it LoL
Anyway, this is a trading system so I try not to carry too much of a bias...but I do agree that today's trade is not looking good. Friday's trade was stopped out at +35

Let me know if you have any further question.

Michael

If you would like a more immediate response, please join us on Yahoo IM or Skype. My ID is fxtakeover

I created this indicator to show the signal if rsi & adx & custom trend is true...its useful for backtest too...

Cool! Thanks you so much for your interest in the method and for your hard work with the indicator. You should join up with the rest of the group on Yahoo IM or Skype. Would love to discuss this with you!

Many thanks,
Michael