I had a bit of a look at the daily charts for your GBP/JPY cross. It look like there is some potential for profit. I don't have any clue how future improvements with the Yuan would impact this but here goes. On the daily chart over the past year that the MA3/MA10 crossover seems to indie fantastic opportunities for going long (possibly a bit more favourable due to the interest rate differences) or short. Merely using the MA3/MA10 crossover doesn't constitute a trading platform. I'd really appreciate it if anybody would like to make suggestions.
-What other indiors may be use to confirm a signal or to filter out false ones.
-What type of Stop Loss should you use on a trade like this? (180 pips under MA10?)
-Maybe trailing the Stop Loss 180 pips under the MA10 when the market start a favourable move?
-It feels like a fantastic idea to Exit the trade when another MA3/MA10 crossover takes place after the market moved some space...
-What type of MM is used when trading within a longer period? Can you utilize 2% risk per trade?
Thank you very much for taking the time to look at this and help me out with suggestions.