Also, I'm a little unfamiliar with the head and shoulders, is the following M15 chart a head and shoulders in creation.

Daily GBP/JPY analysis

I'm also long from Friday at 231.85. It appears to be waiting for 0:00 gmt to restart the direction. Stop loss has been moving up all day so I'm thrilled. SL now set at 233.87 due to moving average movement. Still looks like it may go up further but ...

Daily GBP/JPY analysis

There are a couple of areas on forex factory and off that you can find information about hedging. Some people hedge using different pairs, but I don't feel it is an exact science and hence not a perfect hedge. A thread regarding this can be found ...

Daily Scalping EA - Discussion Thread

I agree as well. I have long positions open, but I wouldn't open another long at this time. Just holding on to them to see what will happen.

Daily GBP/JPY analysis

yes, new barrier appears @ 235, but it looks like it will continue to the daily pivot R3 at 235.28. A lot of fun to watch, especially when your making $'s.

Daily GBP/JPY analysis

Just cleared 234.80. Hope it continues to 235.54.

Daily GBP/JPY analysis

5 days in a positive direction as well. GJ has only done this one other time this year and never 6 days in a row. At least so far.

Daily GBP/JPY analysis

Nice indicator Ademac, thank you for sharing. yezbick

Reliable weekly/monthly pivot points?

It appears it is now steady at the 138.2 of last weeks movement. If this continues it could go to 235.54 the 161.8

Daily GBP/JPY analysis

I've been testing this on tKimbles open-close trending system. The hedge feature just as you described it has produced fabulous results. Hedging protects your balance while the pair is ranging. The hedge won't be in place when trending due to a lack ...

Daily Scalping EA - Discussion Thread

Any projections for the peak of wave 5?

Daily GBP/JPY analysis

Possible hedge position to cure wipsaw — I am testing a hedge position to possibly stop wipsaw with this system. Ultimately, it might cure have of the SL's found with the system. For now what I'm considering is if the positon goes negative by ...

Part Time Wealth Building System - "Open-Close Trending"

does appear to be going down. My stop and reverse kicked in and now I'm going south. hopefully it will keep going the same direction not up and down 100 pips like it has 3 days this week already.

Daily GBP/JPY analysis

Chart from DxDaily News listing — image

Daily GBP/JPY analysis

DailyFx is predicting the following: GBPJPY – The GBPJPY turned down from the 233.00 figure but rebounded late yesterday and today. A continuation of this rally to above 233.05 with focus on 233.70 (61.8% of 241.52-221.10) would complete a 5 wave ...

Daily GBP/JPY analysis

I've done some research on this topic. Starting at 12-25-06 the daily direction numbers are as follows. Total Days Traded = 69 1 day then reverse direction = 14 2 days then reverse direction = 22 days or 11 times 3 days then reverse direction = 12 ...

Part Time Wealth Building Trading System - Daily Scalping

If history repeats itself exactly. Next week should be very interesting. Hope it does soon. These ranging jitters are getting to me. lol yezbick

Have you folks noticed this? (GBP/JPY)

The cable has been ranging for a while now and I've switched to trading just the GBPJPY about 2 weeks ago. The key is to find pairs that are trending and the cable has been ranging which can take quite the effect on your balance. yezbick

Part Time Wealth Building Trading System - Daily Scalping

Today moving strong south — Well, the tKimble Daily strikes again after 2 rough days in the beginning of the week. Today took off. I'm currently up 250 pips for the day. Giving me a positive 50 pips for the week so far. As I said before keep ...

Part Time Wealth Building Trading System - Daily Scalping

Just some stats on the multi trades in a day. The following is with a 40 pip sl plus a spread of 10 for a total of 50 pip SL. Pips since 12-25-06 Trades per day <2 = 2606 <3 = 4921 <4 = 4423 <5 = 4402 <6 = 4138 <7 = 4429 <8 = 4523 The maximum trades ...

Part Time Wealth Building Trading System - Daily Scalping