GBP/JPY - are you trading this very profitable forex pair?? | Forex Factory

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GBP/JPY - are you trading this very profitable forex pair??

  • #1
  • First Post: Jun 12, 2016 4:14am Jun 12, 2016 4:14am
The GBP/JPY pair is a very profitable pair. The daily range is the main attraction here. It is always in the 100s and sometimes it can go up to 500 pips in one day.
When choosing a forex pair to trade - try to look at its daily range.

I used to trade the EUR/USD before - but i can see that it does not have that much appeal as the GBP/JPY pair. The daily range for the EUR/USD is hardly in the 100s and it feels like a waste of time trying to make money from such a weak pair.

If you are a trader, looking to make money, try trading the GBP/JPY. See the earning potential of this pair here.
  • #2
  • Jun 12, 2016 4:41am Jun 12, 2016 4:41am
Last week on Friday, I traded the GBP/JPY pair - placed a SELL @153.57 and since i was using the Candlestick Pattern Recognition Strategy, it also tells me the lowest the price can fall on that day, so i placed my TP @ 152.33 and then i went to bed.

the next morning, I checked and the TP was hit with a gain of 124 pips. You can scroll up to see this trade on my Trade explorer.

Thanks to GBP/JPY - this is my new pair for 2016.
  • #3
  • Jun 16, 2016 5:02am Jun 16, 2016 5:02am
Just an example of how profitable the GBP/JPY can be: so far 349 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 1-GBPJPY m30 (06-16-2016 1857).jpg Size: 244 KB
  • #4
  • Jun 18, 2016 4:57pm Jun 18, 2016 4:57pm
another successful example on 17 june... 87 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 1-GBPJPY m30 (06-18-2016 0900).jpg Size: 283 KB
  • #5
  • Jun 28, 2016 9:29pm Jun 28, 2016 9:29pm
27 june 2016 155 pips gain on the GBP/JPY



Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m30 (06-28-2016 0716).jpg Size: 149 KB
  • #6
  • Jun 28, 2016 9:30pm Jun 28, 2016 9:30pm
28 June 2016 140 Pips gain on the GBP/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m30 (06-29-2016 0705).jpg Size: 183 KB
  • #7
  • Jan 18, 2017 1:13am Jan 18, 2017 1:13am
Quoting fijiforex
Last week on Friday, I traded the GBP/JPY pair - placed a SELL @153.57 and since i was using the Candlestick Pattern Recognition Strategy, it also tells me the lowest the price can fall on that day, so i placed my TP @ 152.33 and then i went to bed. the next morning, I checked and the TP was hit with a gain of 124 pips. You can scroll up to see this trade on my Trade explorer. Thanks to GBP/JPY - this is my new pair for 2016.
Ok pal, to make this thread interesting and attractive, how about you post the indicators or templates that drew those lines, so we evaluate it?
  • #8
  • Last Post: Feb 11, 2017 2:40pm Feb 11, 2017 2:40pm
Hi Yuddy,
Sorry for the late reply.

I don't use any indicators at all on any of my trades Yuddy. I have tried to incorporate them but i just don't find them useful at all as they are all lagging indicators. In trading you need something that will tell you what is going to happen next and that is where my Candlestick Pattern Recognition Strategy comes in.

And for those lines you see on my chart - they are camarilla levels drawn after I input the High, Low and Close of the previous days levels on the Camarilla calculator.
Below is one of my latest trades.

GBP/JPY TRADE - 8 FEB TO 10 FEB
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