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GBPJPY Daily Trend Method

  • #1,041
  • May 13, 2011 7:51am May 13, 2011 7:51am
Well it has officially been a year since I opened this thread! Thanks to everyone for looking into the method and for all of your feedback. I've had a great time maintaining the thread and getting to know so many of you through Yahoo IM and Skype. Again, thank you!
  • #1,042
  • May 13, 2011 8:54am May 13, 2011 8:54am
Gbpjpy daily trend method: No trade today....adx is below 25....still holding the trade from yesterday....
  • #1,043
  • May 13, 2011 9:24am May 13, 2011 9:24am
I'll be around to give out the trade signals next week but won't be online for long......
  • #1,044
  • May 13, 2011 11:38am May 13, 2011 11:38am
Quoting MichaelLee_8
Filled at 131.525
TO: everyone asking about daily progress report, very easy to calculate when the entry is known, as per 1st post, Stop Loss = 100, Take Profit = 125

So, SL is 132.525 and TP is 130.275, I am making the assumption that you are actually looking at charts while following this method, so just draw 3 lines when there is a trade on, then look at the chart to see the position of the trade

GO Markets showing a low of 130.274 so congratulation to Michael Lee
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.down.gif Size: 32 KB
Canadian by birth Australian by choice
  • #1,045
  • May 16, 2011 9:19am May 16, 2011 9:19am
GBPJPY DAILY TREND METHOD: NO TRADE TODAY.....ADX IS BELOW 25....The trade from 5-12 was taken out at +35
  • #1,046
  • May 17, 2011 9:05am May 17, 2011 9:05am
Gbpjpy daily trend method: Wait
  • #1,047
  • May 17, 2011 9:30am May 17, 2011 9:30am
Gbpjpy daily trend method: Wait
  • #1,048
  • May 17, 2011 10:00am May 17, 2011 10:00am
Gbpjpy daily trend method: No trade today....indicators are mixed
  • #1,049
  • May 18, 2011 9:03am May 18, 2011 9:03am
Gbpjpy daily trend method: Wait
  • #1,050
  • May 18, 2011 9:30am May 18, 2011 9:30am
Gbpjpy daily trend method: Wait
  • #1,051
  • May 18, 2011 10:00am May 18, 2011 10:00am
Gbpjpy daily trend method: No trade today...indicators are mixed
  • #1,052
  • May 19, 2011 9:16am May 19, 2011 9:16am
Gbpjpy daily trend method: Buy
  • #1,053
  • May 19, 2011 9:16am May 19, 2011 9:16am
Sorry I posted it late.....the forum servers were overloaded.....I got locked out for a few minutes there.
  • #1,054
  • May 20, 2011 9:01am May 20, 2011 9:01am
Gbpjpy daily trend method: No trade today....adx is below 25
  • #1,055
  • May 20, 2011 10:15am May 20, 2011 10:15am
Quoting MichaelLee_8
Gbpjpy daily trend method: No trade today....adx is below 25
does it mean previous day trade remain open?
  • #1,056
  • May 20, 2011 5:07pm May 20, 2011 5:07pm
Quoting wtjs1971
does it mean previous day trade remain open?
Yes
  • #1,057
  • May 23, 2011 8:56am May 23, 2011 8:56am
Gbpjpy daily trend method: No trade today....adx is below 25
  • #1,058
  • May 24, 2011 9:05am May 24, 2011 9:05am
GBPJPY DAILY TREND METHOD: BUY.......
Filled at 132.71
Sorry it's late....the servers where busy......been that way a lot recently!
  • #1,059
  • May 24, 2011 10:49pm May 24, 2011 10:49pm
Quoting MichaelLee_8
GBPJPY DAILY TREND METHOD: BUY.......
Filled at 132.71
Sorry it's late....the servers where busy......been that way a lot recently!
what's the prev trade status 12/May/2011 ? when are we supposed to close it? should be closed right before we open this trade on 24 May 2011?
  • #1,060
  • May 25, 2011 12:38am May 25, 2011 12:38am
Quoting MichaelLee_8
GBPJPY DAILY TREND METHOD: NO TRADE TODAY.....ADX IS BELOW 25....The trade from 5-12 was taken out at +35
wtjs1971 = posted earlier
Canadian by birth Australian by choice
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