Honestly, if you're starting and entering G/J it's like throwing yourself into the sea with an ironing board. You're going to swallow water. Start with more noble pairs. Then come back and conquer this monster if you still want to.
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Honestly, if you're starting and entering G/J it's like throwing yourself into the sea with an ironing board. You're going to swallow water. Start with more noble pairs. Then come back and conquer this monster if you still want to.
The problem for many is that they want to tame GBP/JPY. This pair is not tamed, it is respected. When you learn to surf their waves instead of facing them, everything changes.
By the way, does anyone use footprint or volume profile in this pair? I’m intrigued to know if there’s an edge in those approaches with G/J. I’m tempted to prove it, but I don’t want to fall into the overanalysis trap.
To all those who say I only operate price action: good for you. But don’t think that makes you smarter than the rest. The price action also fails, and many times. The key is in management, not in focus.
I'm starting to use Fibonacci levels, but only between key areas. No measuring from any wick. In G/J, 61.8% in proper context can be brutally effective.
I'm going to make it clear: G/J isn't for whining. If you're affected by a losing operation, you're in the wrong place. This pair shapes you or destroys you. There's no middle point.
Someone asked about the breakup levels. I set maximums/minus of previous sessions and expect confirmation with volume. It is not infallible, but it filters out enough false breaks. And in G/J, that is already a blessing.
Am I the only one who prefers to operate G/J only with news? I think that’s when it really moves in direction. But you have to be very attentive to the economic calendar and the market slips. It’s not for distracted people. (Continue with more similar answers until reaching 50