But when you're running a trade surplus and hold massive reserves in USD that isn't a real problem

Daily GBP/JPY analysis

BoJ is not concerned with cheap yen as Fukui stated last week, actually thay keep it low to support exports. But they are (or should be) concerned with fast yen appreciation (carry unwind) that will hurt their exporters almost overnight. If, or ...

Daily GBP/JPY analysis

July 22nd japanese senate elections. The february hike wasn't the real surprise, the january non-hike after strong data was. That gave way for plenty of speculation that they wouldn't hike for a very long time. Anyway remember how the decision was ...

Daily GBP/JPY analysis

You are right, waiting untill after the BOJ statement would be wise. I'm maintaining fairly large GBJPY & CADJPY long positions. I might scale down a bit but will be looking to add in case of no hike. BOJ not lifting rates is a fairly save bet ATM. ...

Daily GBP/JPY analysis

I don't see anything wrong with your maths But I would consider switching over to a broker that pays you at least 25$/lot GBPJPY

Daily GBP/JPY analysis

UK Retail sales a little better than expected. That might limit the downside for the cable. The next significant pound event is the BoE minutes, interesting to see what that holds, Merv King was remarkable hawkish last monday.... With the the $/Y ...

Daily GBP/JPY analysis

You might want to check your maths, it is more like 3.2 pips/day

Daily GBP/JPY analysis

Happy wednesday, my favorite time of the week, sexy time each week I've been amazed reading the thread this week. Seems like most here were looking to short this monster, trying to pick tops. That's plain suicide on this beast. Patience and ...

Daily GBP/JPY analysis

Interesting stuff. The yen refuses to strengthen significant, check the Aussie and Kiwi crosses. UJ just pulled a nice sprint upstairs after a few days down. The present guppy correction was fueled by a massive sterling sell off even with positive ...

Daily GBP/JPY analysis

Oh I agree, the market is much more than interest rates. However, if you look at larger timeframes, it is remarkable how currencies follow interest rate differentials. But you won't see that trading of the H1 charts . Short term a possible FED ...

Daily GBP/JPY analysis

Not to trade is a trading decision too! Don't try too hard to find reasons for market movements, just stick with what the charts tell you. Today isn't exceptional for this cross. The past 2 months of low volatility were more exceptional. Sometimes ...

Daily GBP/JPY analysis

Today N-Korea performed another missile test, is it the start of a new (nuclear) stand-off.... In the past, regional tensions with this schizophrenic regime has always lead to yen weakness, so good for the guppy longs

Daily GBP/JPY analysis

And we all know what happened after that up up up... Go guppy go!

Daily GBP/JPY analysis

Well, I'm not loosing money while watching, but it is boring. With all this carry positivity, it is still not making serious attempts at 240 and the previous high, which is mainly due to sterling slowly sliding back. Agreed, the carry hasn't been ...

Daily GBP/JPY analysis

Great avatar cesar! I've been following this thread for some time, and I seen some great insights. I'm always long on this puppy. Everytime I've sorted it I lost a ton of money. Great reason to long it huh... and the negative interst ...

Daily GBP/JPY analysis

Just realized I uploaded an older version with a bug. Here's the right one.

Profit on Fluctuation System: Hedged

I do have some stats and I will not post them. I'm using the EA as a trading tool and not as a care-free money maker. Which means I change settings and switch it on and off based on market conditions/expectations hence these results won't reflect ...

Profit on Fluctuation System: Hedged

It works on any chart of any timeframe but I would suggest to use it on one of the 2 traded pairs. If you run it on EntryMode 2 you will need to have the H1 chart of the synthetic opend at all times!

Profit on Fluctuation System: Hedged

Here's an EA I'm using live. But be aware, all the concerns that have been raised are correct, although one might think equity is protected by a hedge you are exposed to all the components of the so called hedge: EUR,CHF and USD. And even when you ...

Profit on Fluctuation System: Hedged