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It has worked for me to combine levels of supply and demand with the London news. If just before a key news the price approaches an area, there is usually a strong movement. The important thing is to have clear areas before the market goes crazy. It is not worth entering because yes. Timing is everything in G/J.
Many enter GBP/JPY looking for adrenaline. That’s not trading, that’s vice. If you can’t control your pulse, this pair will destroy you emotionally. It took me a year to stop being an overtrading addict. I now only do 2-3 tickets a week, but with conviction.
Actually, this pair has given me more lessons of humility than anything else in life. It has left me dry more than once for not respecting my plan. There is no system that compensates for an unstable mind. If you cannot control your impulses, G/J is not for you.
I have seen many sell the ultimate strategy for G/J. They all end up the same: with a broken account and a new excuse. The only strategy that serves is the one that you understand, that you dominate, and that you can run without hesitation. Everything else is cheap marketing.
Scalping on M1 with GBP/JPY? Good luck with that. Either you have F1 pilot reflexes or you're going to be crying in front of the monitor. I prefer to operate on H1 with clear structure. Less emotion, more logic.
I am very interested in this area 00. Has anyone tried to operate fake breaks just over the round levels? I have noticed that in G/J there are many traps on those levels. A good trap followed by a strong rejection is pure gold if you can read it.
There are days when G/J moves with surgical precision, and others where it looks like a loose bull. If you don’t know when to stay out, you’ve already lost. Operating is also knowing when NOT to operate. That’s the part that newbies never want to hear.
Once a mentor told me: If you can master G/J, you can operate anything. I didn’t believe him... until I tried. There is no more noble pair in his movements... but also more ruthless if you don’t understand his rhythm.
Lately I am applying break & retest strategy only in London and New York sessions. Accuracy improves a lot. Time has to be taken into account. The same pattern in Asian session is a deadly trap.
I'm starting to doubt it. Too many wicks, too many deceptions... I feel like you're eating me alive.