Just my opinion but this system works well except when the pair gets stuck in ranges like the past 2 weeks or so. She seems to be out of ranging and should do well again.

High & Low 8 Hours (GBP/JPY)

Ahhhh! I'll raise your 220 to 223!

GBPJPY scalpers

220! What kind of meds are you on?

GBPJPY scalpers

Entry was 201.2 ;-) I had a higher SL but moved it down for some pip insurance!

GBPJPY scalpers

I'm currently short with a SL at 201.45

GBPJPY scalpers

Moved SL to 201.45

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

I'm in short at 201.2. I hate to go against the momentum but I'm seeing a reversal in the making based on R and Fib levels.

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

OMG! That looks like a mainframe shot out of a 1960's movie! This baby is on it's way down. I'm showing we are in Wave 5 and on to new lows!

USD/JPY Discussion

DOH!!! Affirmative :-(. Now that the FOMC is out, I'm waiting to bust out of this range before I do anything. I hate when this pair ranges :-(

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

Looking for a reatrace to 209.5+ to reenter my shorts!

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

True...but descending triangles are usually broken eventually which is what I can see B

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

Looks like FXCM is losing a client as I'm tired of waiting. B

FXCM Discussion

What do you use the Red laq for? Just conformation of the trade? Also, have you tried this on g/j? TIA, B

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

I second that! B

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Does it only have to cross the 2 or actually have a full 1 min bar over the crossover? B

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

I'm short until the close. Let's see if this thing can bottom out.

GBPJPY scalpers

All, After some research, I am calling gbp/jpy long to 218 in the short term IF and on IF she doesn't break below 205.70. Any thoughts? B

GBP/JPY for QQE Traders!

Forgive me as I am still learning. What is your TP for the current wave? I went long when we bounced off of 206 but am still assesing the long term direction of this puppy. B

Elliott Wave Counting with EG

Added another lot at 212.1 w/ a SL at 212.40 I feel the retracement she hit at 211.85 is over. B

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

hey Kim, yea...me too ;-) I'm still in at 48 and agree that this thing is heading south. I've decided to run a trailing stop right now at 40 pips. I love the GBP/JPY pair. Although she has bitten me a few times. B

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait