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be very very carefull. as you can see on the daily chart the last 25 days are completely sideways.
25 days of bad trades can put a seriuos dent in an account if it don't wipe you out. s/l needs to be larger than 65 pips. I know cause I have tried to trade this pair and had s/l nailed right befor it went to my target with out me. I have lost probly 150 pips in this pair the last 2 weeks. I'd wait for it to break this range and make a couple of good waves befor attempting to trade live money on it. And practice on a demo and experiment with s/l too. But template and system looks good. once it gets out of the range. dave |
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yep, that 2 week i get not good signal
![]() but i use this system for almost 3 month, quite good result in the past. for gbpjpy i try something in demo acount from last 2 week 3 ma for daily and gbpjpy 1ema 8 1sma 16 1ema 55 the ema 55 give the trend, if ema is under, up trend and if on top, trend down after you find the trend, just check the 8 and 16 ma buy when fast ma cross up the slow ma when trend up sell when fast ma cross down the slow ma when trend down very very simple |
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