30pips strategy for gbpjpy.

[kashifrehman]

l love the the strategy it is very compatible with the gbpjpy since this pair makes big moves daily.but l think +30 and -30 is too much for pending orders,l will prefer to place them 20 pips distance .once the daily high or low break by 20 pips l think it will go further to hit the take profit.and stoploss setting can be also based on the hour charts.

I think if more better to trade with this strategy using market orders. Becasue there we did no have to put pending orders and that can save us from wait also. I always go for little profits that's why i prefer to trade with marekt orders and some how its profitable for me.

[monkedelofi]

mainly its based on pending order.
so first u open the daily chart of gbpjpy. and then collect some data.from previous day.. high level and low level.

now given the pending order..with this system

buy

pending buystop : entry level: high level of previous day + 30pips
take profit: 30pips
stop loss: 30pips

sell

pending sellstop: entry level : low level of previous day -30pips
take profit : 30pips
stop loss: 30pips


plz given ur suggestion . and share ur experiance.. about this strategy.

okay thanks very much for your nice strategy 30 pips is really okay for a newbies like me all day and with a good lot you can always get your best result out of the market all day bit i would like it if you can give more information on the very best time to make use of this strategy and can i use this for another pair....

[ermaniso2011]

l love the the strategy it is very compatible with the gbpjpy since this pair makes big moves daily.but l think +30 and -30 is too much for pending orders,l will prefer to place them 20 pips distance .once the daily high or low break by 20 pips l think it will go further to hit the take profit.and stoploss setting can be also based on the hour charts.

[Juleenayer]

Excellent post that I like most. I have watched your new tips. I think it will be better for earning.
I have first known to such strategy in the Forex.

[mage]

The achievement of only 30 points from currency pair is moving in a very strong, such as GBP \ JPY you through the pair of currencies to achieve a very large proportion of profits, but you have to depend on how these qualify you for a good result in the first Forex

[darksaimon]

i faculty equal to cognitive if this strategy can only be use of GBP only or can we straighten use of this strategy for all gracious of twosome i fitting prospect you get this communication and get substantiate to me in additional for me to interpret improve on the first way i can get use of this strategy

[zahidrock]

I don't think that this strategy can bring good profit. Because i have already use this strategy on demo account but i did not get any good profit from that strategy.

[Amitpaul]

I support you completely. In the above there is a good strategy. I am grateful to you for sharing your strategy here. But Want to say that all indicator gives result based on chart patterns. So I follow chart more and more.

[newentry]

yes this is good idea , when we just put pending order is above and under the market place, but i want to ask to you, what is the best condition for it ? i mean how to make good reference point before we make pending order ? i mean that is there any rules for it or we just put it with free ?

[Amitpaul]

I will support you in this cases. He posted a good strategy. I think
every trader has some own strategy that can gives him good result.