Long term trades on GBP/USD and GBP/JPY

Trading Systems Free Forex Trading Systems
1

Hello fellas.
I will be posting my own signals here. Please don’t rush to test them on your live account. Just watch.
Long Term Sell GBP/USD @ 1.6515, Target 1.6364 NO STOP LOSS.
Long Term Sell GBP/JPY @ 156.36, Target 154.37 NO STOP LOSS.

GBP/JPY +199 pips
GBP/USD CLOSE POSITION @ 1.6405 + 120 pips

Total 319 Pips!

2

Hey pipmaker,
Just to get a better idea of how things are working:

  1. How long is “long-term”? 12 mos.+?

  2. With no stops in place (I won’t argue the merits/demerits of that here), how much margin are you using (%) , relative to your overall account equity?

  3. Any particular strategy used to determine entries/targets?

  4. Why this pair of pairs? Short GBP, but any particular reason you chose these and not, say, GBP/CAD, EUR/GBP, GBP/CHF, etc.? And, I’m curious; any thoughts on how GBP will play out differently with USD v. JPY? Okay, so that was really three questions there.

Thanks!

3

Hello Andrewunknown.

  1. Long term for this signals is usually 24 hours or more lets say up to 3-4 days depending on the market.

  2. There is some people in forex that stricktly follow this rule that only 1-2 percent should be used. I can use 5-10%.

  3. I use ATR levels.

4)Why this pair only? I used it only on these pairs and didn’t have time to check on different pairs yet. Hopefullly later on I might come up with something.

Right now on GBP/USD we got +15 pips and GBP/JPY we got +151 pips.

4

Hello everybody.
Well now waiting for a good chance to enter market for lots of pips. Who ever followed me on Demo we got 319 pips. Beautiful…

5

Friends sorry I came home late and forgot to tell u about this signal. Sell GBP/USD @ 1.6400 Target 1.6300 100 pips

6

Hi dear friends.
Pending Order to sell GBP/JPY @ 1.6522 Target 1.6460
Last night when I send out signal to sell GBP/JPY for target 1.6300 it only got to 1.6305-09 so I closed it with +70 profit when I saw it starting going back up.

7

Ok fellas Selling GBP/JPY @ 155.96 Target @ 154.00
To our success :slight_smile:

8

Since the G/U and G/J basically trade in the same direction, why not just trade the G/J and double up your lot size?? More bang for your buck…

Ok fellas Selling GBP/JPY @ 155.96 Target @ 154.00
To our success

Lucky for you no stop loss (maybe) if the draw down didn’t hurt you…

9

The G/U is an excellent pair to trade, IMO, but it seems we’ve been stuck in such a goofy area between 1.4 and 1.5. Before the end of the year, however, I’m expecting we’ll break to one side and the rest will be history.