This method of trading is carry trading and scalping? I've been reviewing this post for a couple of hours and am trying very hard to understand it.
At the base of trading GBP/JPY is the by going long you will have a positive swap each day you hold the position?
By using leverage you will be increasing the amount gained instead of just having a 1:1.
You only realize loss when you close the position and why close it if you are gaining interest?
You should close it after a certain point if the position is going against you? Because after a certain point the loss from closing the position will far outweigh the interest gained?
Because of this potential, trades should be scaled into the bottom price or areas of support?
Is this strategy still viable for the GBP/JPY today? I noticed nobody has been posting in this tread?
Can someone please clarify the method and theory of this trading? I'm doing my best to understand and would appreciate any help. Thanks in advance for the help and answers.