Hi Mate,
I'm not reluctant to use higher timeframes.
It is simply that the correct criteria for an entry on the Daily hasn't been met for a while..the stochs are bottomed out all over the place, that simply can't last forever, so when the time is right i will be in.
At the moment the stochs look unsteady, CCI is camping in the -100 region, MACD, RSI and just about every other indicator are all a bit contradictory.
The price hasn't been this jumbled up since March when price on GBP/JPY dropped 2000 pips from Januarys high. Right now we have already dropped 1500 pips from the high on about July 20th, i can see the price of this pair to continue to drop until the 234.30 area, should it break that, i can see it plummeting all the way to 230.00
As for trades today, pretty much the same as yesterday. On the 30Min, 15M and even the 5M today.
Gonna see if i can pick a few 5-pippers this evening.
At home tomorrow, Friday and Monday so will see what i can do when i don't have to worry about my work...am looking forward to dedicating three complete days to Forex.
Will of course let ya know how i get on