“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
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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