Suidster's GBP/JPY Discussion | Forex Factory

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Suidster's GBP/JPY Discussion

  • #1
  • Quote
  • First Post: Jan 25, 2008 7:57pm Jan 25, 2008 7:57pm
Hey Guys,

I have been trading GBP/JPY for over three years now. I have gained experienced ONLY in this pair. Over the several, years I have invented and tried many strategies, and they work great! But the problem with forex is that, those strategies need to be tweaked now and then to be able to keep up with new market demands.

I can keep going on and on about forex, but I'm sure you have heard of this before. I am creating this thread, in which i will be discussing my daily trading methodologies and calling out trade calls.

In addition, If you guys are interested I can even send you my trade calls to your phone, just to show you my performance (for free of course) and you can try on your DEMO account. So let the discussion begin.
  • #2
  • Quote
  • Jan 25, 2008 8:02pm Jan 25, 2008 8:02pm
so is it short time???!!!!!!
  • #3
  • Quote
  • Jan 25, 2008 8:03pm Jan 25, 2008 8:03pm
Here is how I trade:

1) I am a daily trader, usually taking 1 trade per day.
- We only take two trades, when the first trade goes bad and we need
to hedge!

2) Per trade making around 60-200 PIPS

3) If a trade goes bad, we don't close. We hedge!!!
- After hedging, we close for a small profit, break even or close for a small
loss
4)I do not use any type of indicators, such as RSI, MACD, Stochs. I believe they are all deceptive.

5) Any questions? you are most welcome to ask me.
  • #4
  • Quote
  • Jan 25, 2008 8:04pm Jan 25, 2008 8:04pm
Quoting jeghead1
so is it short time???!!!!!!
Sorry, I do not understand you question. If you mean, I'm a short term trader, then the answer is YES. But I am not a scalper!
  • #5
  • Quote
  • Jan 25, 2008 8:05pm Jan 25, 2008 8:05pm
so is it SHORT time????!!!!
  • #6
  • Quote
  • Jan 25, 2008 8:05pm Jan 25, 2008 8:05pm
SELL time??????!!!!!
  • #7
  • Quote
  • Jan 25, 2008 8:07pm Jan 25, 2008 8:07pm
Quoting jeghead1
SELL time??????!!!!!
I have executed today's trade already, so will not be trading anymore today. But you could expect a bounce, at 212.28
  • #8
  • Quote
  • Jan 25, 2008 8:09pm Jan 25, 2008 8:09pm
well we will see right now
  • #9
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  • Jan 25, 2008 8:11pm Jan 25, 2008 8:11pm
Looking forward to hearing about your methods.
  • #10
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  • Jan 27, 2008 2:01pm Jan 27, 2008 2:01pm
Hopefully we will see trades posted in real time.
History is written by the victors.
  • #11
  • Quote
  • Jan 27, 2008 9:30pm Jan 27, 2008 9:30pm
Quoting Money-RX
Hopefully we will see trades posted in real time.
Money-RX, as soon as I will enter a trade, I will post it here.
  • #12
  • Quote
  • Jan 27, 2008 9:40pm Jan 27, 2008 9:40pm
Quoting Squidster
Here is how I trade:

1) I am a daily trader, usually taking 1 trade per day.
- We only take two trades, when the first trade goes bad and we need
to hedge!

2) Per trade making around 60-200 PIPS

3) If a trade goes bad, we don't close. We hedge!!!
- After hedging, we close for a small profit, break even or close for a small
loss
4)I do not use any type of indicators, such as RSI, MACD, Stochs. I believe they are all deceptive.

5) Any questions? you are most welcome to ask me.
Squidster, hope you don't mind me asking this: but regarding point 4), if you do NOT use any of these technical indicators, then what DO you rely on (fundamentals??). Thanks
  • #13
  • Quote
  • Jan 27, 2008 9:45pm Jan 27, 2008 9:45pm
hi..
1. Did u know how much pips GBP/JPY usually in retrace movement?
2.and what are u use to determine which is reverse trend or continuenation in GJ pair of course?
Thanks..
Logic Wins; Impulse Kills.
  • #14
  • Quote
  • Jan 28, 2008 6:30am Jan 28, 2008 6:30am
Maybe we will see a nice runup & stall at 214 going into the London opening for more short action.

Then again, maybe we won't.
History is written by the victors.
  • #15
  • Quote
  • Jan 28, 2008 6:23pm Jan 28, 2008 6:23pm
Quoting ukvipersden
Squidster, hope you don't mind me asking this: but regarding point 4), if you do NOT use any of these technical indicators, then what DO you rely on (fundamentals??). Thanks
I used complex stats to identify a new trend.
  • #16
  • Quote
  • Jan 28, 2008 6:30pm Jan 28, 2008 6:30pm
Quoting sai_saphire
hi..
1. Did u know how much pips GBP/JPY usually in retrace movement?
2.and what are u use to determine which is reverse trend or continuenation in GJ pair of course?
Thanks..
no one can tell you extacly how many pips a retrace will do. You need to gain that knowledge from your strategy.
  • #17
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  • Jan 28, 2008 6:31pm Jan 28, 2008 6:31pm
No trade today. I had a flight to catch and missed a great short trade.
  • #18
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  • Nov 12, 2009 3:14pm Nov 12, 2009 3:14pm
Base on mu experience to trade with GBP/JPY trading on short profit 15-20 pips only but if we monitor closely we can get rich more then 60 pips...
have a good try....
tq
  • #19
  • Quote
  • Feb 25, 2010 11:01pm Feb 25, 2010 11:01pm
I see pivots very strong and retracement avobe 90.50 on USD/JPY and 138.52 on GBP/USD

so is good time to buy this oversold JPY
  • #20
  • Quote
  • Last Post: Feb 26, 2010 1:33am Feb 26, 2010 1:33am
cheaper JPY impossible!!! time to BUY vs USD and GBP

targets 91.16 and 139.07
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