I have a new blog guys.. forex-junkie.blogspot.com. Take a look and don't forget to subscribe..

Minyu2Fx

Saturday, November 17, 2007

Trading system

This is GBP/JPY H1 chart. This is what I am going to use for the following week.


When both lines turn blue, that signal an uptrend and red lines are downtrend. Entry points are shown on the chart above and I will open 2 positions for each signal. First position will target 30 pips but I still working on my exit strategy for the second position. The options are using zig zag, pivot points, fibonacci, or just moving stop loss based on the trend lines. I will post each signal;)

No comments: