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Sunday, April 22, 2018

SPECIAL SUNDAY UPDATE: GBPJPY!!

“Yes, I’m glad you asked … there will be a quiz later!”

Two new files over in the right-hand column; 1) “GBPJPY M30 CHARTS 2018 
PDF”, and 2) “GBPJY: Understanding & Trading FX Cross Pairs Part II PDF”. 

The first are the M30 candlestick charts for 2018 [up to present], segregated by 
month, and will be updated at the end of each month. The second is a new file 
to use in trading GBPJPY, where I introduce the concept of “zone charting”
and why it’s to our advantage to use it for today’s FX cross markets. As I 
explain in the document, back in 2005 - 2010, when I traded GBPJPY at Saxo 
Bank, before they kicked out U.S. clients, low ranges and chop weren’t that 
much of a problem, simply cuz this stuff was moving almost all the time 
… daily ranges back then were consistently on the order of 250 - 450+ PIPS, 
and the market didn’t spend much time sitting in a congestion zone.

Well, here we are, and while it’s still the most volatile FX cross pair there is, 
ranges have shrunk substantially into the consistent 100 - 150 PIP area, with 
about 5% - 15% of the time it’s above 150 PIPS … a far cry from yesteryear. 
So, how do we effectively deal with lower ranges and attempt to mitigate 
“chop” … well, we do it via “zone charting”, as I explain in the document. It’s 
“Part II”, and augments the first document. Enjoy, and if you have any 
questions / comments, email me at traderzoogold@gmail.com and I’ll get back 
to you ASAP with a personal response.

PAMM spreadsheet updated directly below. 


Have a great rest of your weekend everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND
START YOUR JOURNEY FROM WHERE YOU ARE AT TO
“ESCAPE TO SUCCESS”!

  
  

 

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