This thread is developing nicely. Congrats for a great looking method. I've read the entire thread, but am unclear on the exit. Can someone clear that up for me?

Shiny15

Thanks for posting this Banzai. Very nice. Looks like I've got some reading to do on this method.

MTF The Escalator to Pips Strategy

CNBC's having a report on the trading of Japanese housewives.

Auslanco - GBP/JPY and GBP/USD (newstrade)

In my broadcast market, New York, that's going to be postponed because of a footbal game. Not sure how that work in other television markets -- I mean, whether it's on schedule and just we're delayed.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Have a good one. And thanks for your insights. Is Karmo still around? Karmo, are you holding over as well?

Auslanco - GBP/JPY and GBP/USD (newstrade)

My wife is painting the hallway next to my office, and I have to say watching the paint dry is actually a little more exciting that this.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Really seems stalled in this area.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Some weekend reading for you.

Auslanco - GBP/JPY and GBP/USD (newstrade)

That's true, looks normal. But what do you personally use as your exit strategy when a trades moves against you?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well, I was going to close my shorts if I got a 15 min close above the 50. But I'd like to hear from Karmo what his thoughts are.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Anyone here follow nzdjpy?

USD/JPY Discussion

Mktjong, I just PM'd you.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks, just did. PM me your response please.

Auslanco - GBP/JPY and GBP/USD (newstrade)

PipChick, can I PM you with a Q?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Where is your sl Karmo?

Auslanco - GBP/JPY and GBP/USD (newstrade)

What's your target HM? I went short a few hours ago when it was bumping up against the 50. I think you did as well. I"m looking for 230.20.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Finally got the break below 231.45 Karmo was looking for. Shorts looking good.

Auslanco - GBP/JPY and GBP/USD (newstrade)

The 50 has been a pretty solid barrier.

Auslanco - GBP/JPY and GBP/USD (newstrade)

What's your TP, Karmo? Edit: Never mind. I posted at the same time as yours.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Nikkei now at +2.

Auslanco - GBP/JPY and GBP/USD (newstrade)