Quote:
Originally Posted by jvolkova
I'm not sure if anyone has been trading JPY pairs today using this strategy...
GBPJPY - swing low - 156.86 broke - short trade - took profit of 100 pips
NZDJPY - 62.03 broke - short trade - took profit 100 pips
Stil have positions open -- all +++
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Hi Jvolkova,
What did you have as a stoploss on the 156.86 GBP/JPY trade? If you were using 50 it would have been a loser.
You're looking for swing highs/lows with a significant change in direction for this system, not just any high/low.
I'm not saying your way won't work, just that it probably won't work with a 50 pip stoploss.
