Thread: Scalpers and GBP/JPY traders, this is your corner

This thread is old and has not had much participation. Malcolm’s about GBP/JPY has taken off quite a bit. Check it out.

Too quiet around here.

It looks like the thread didn't last long alive.

You could say yes, ha.

I don’t understand why everyone gets obsessed with indicator-filled systems if the only thing that matters in G/J is the price action. This pair doesn’t forgive mistakes and much less doubts. I’ve been scalping on M5 for months with weekly supports and psychological lines. Sometimes it works, sometimes it eats you alive, but at least I’m no longer following Christmas lights on the chart.

To those who ask about the Knife system: if they don’t find it, it’s probably not for you. Not everything in life is a click away. I tried it a long time ago. I didn’t think it was anything from the other world. If you don’t understand the market context, no system is going to save you, neither Knife, nor Sidus, nor the holy grail.

I'm trying a new approach with G/J: Scalping in M1 with volume and absorption. I forgot the indicators and I focused on seeing who's pushing the price. It's not easy, and yes, there are days that burn your head, but the tickets that go well make up for you. Whoever says G/J is just for braves, doesn't lie.

Someone commented that he uses MACD on M5. Do you really think a MACD is going to save you with this violent pair? That’s like getting into a fight with a plastic spoon. If you’re going to do it, do it right. Learn how to read the impulses and setbacks as if your money depended on it (because it depends on

I operate G/J with a strategy based on liquidity imbalances. No indicators, only zones where it is clearly noticed that someone is accumulating or distributing. This approach changed the way I see the graph. It’s not magical, but at least I don’t spend the day waiting for two moving stockings to cross.

Those who keep looking for systems in forums like this are lost. No one is going to give you something that really works, let alone in an abandoned thread. Do yourself a favor and start creating your own approach. The trial and error process is painful, but it is the only one that really teaches you something.