Thank you! Right now I'm using a demo account to try out this method. So far I have +150 pips. I'm going to try to use this method to get at least 100 pips a week. What I mean by at least is that 100 pips a week will be my objective. If I reach that ...

GBP/JPY "tunnel" and MM system

I missed the entry on Sunday evening, which would have gotten me my 50 pips. The price went DOWN after that and is currently in a retracement. Right now I'm waiting for the retracement to end or to continue, I don't know. Price is inside the tunnel. ...

GBP/JPY "tunnel" and MM system

I was looking at my 1 hr chart this morning and figured you would probably have opened a long position at around 140.00. If so, would have had a 91 pip profit at one point. By the way, how do you decide when to close a trade? Do you use stop loss ...

GBP/JPY London Open trades

Cool! Enjoy your national holiday. Maybe tomorrow you'll spend some of your earnings from trading on all those amazing Black Friday deals. Have a nice one.

GBP/JPY London Open trades

Gotcha. Thanks for replying. The discretion part is probably the hardest to explain to someone, I use it as well in the strategy I'm trying out. So I'm guessing right now (10:00 am EST, 11/27) you're probably staying out since the price is close to ...

GBP/JPY London Open trades

Yesterday there were 3 opportunities to enter trades when the price crossed the HWMA. All o them would have been profitable. However I did not trade them because I wasn't sure where the price was going. I've been reading some sites about reading ...

GBP/JPY "tunnel" and MM system

Hi Ciara, Seems like you have the GBP/JPY pair pretty much under control. I like your tradng style with few indicators. Im trying to figure out this pair myself. I still haven't gone live trading yet, only demo. I just want to make sure I have ...

GBP/JPY London Open trades

In my opinion, the stop loss should be set at a point where if price reaches it, then the direction you were trading in was wrong, and therefore you better stop the loss before it gets any worse. At least that's what I use. Depending on what pair ...

Where do you set you're stop loss?

I used the strategy today. When I woke up, the price had gone below the LOW WMA without reaching the 50 pip limit and retraced back to the HIGH WMA, so had I been awake, I would have lost almost 100 pips today. After that, I waited for the price to ...

GBP/JPY "tunnel" and MM system

Hi Arilou, Thanks for replying. You're right, the total loss from the stop losses should be around 400 pips instead of 150. When I made that chart I was considering a 50 pip stop loss. To calculate the TSL I just took the farthest the trend went ...

GBP/JPY "tunnel" and MM system

Results and further explaining of strategy — After studying the price movement from the beginning of the month until now I found this results if the strategy would have been applied: Check the attached file. I did not explain an optional ...

GBP/JPY "tunnel" and MM system