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Mysticforex
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Everything posted by Mysticforex
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NE USA GMT +5 Here's the tag on my car... GBP JPY was taken, so I had to settle for this. 90% of my trading is GBP/crosses.
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Oh, No ability to edit post immediately... I wanted to add that with g/j one usually knows rather soon if one's analysis was correct There are also certain times of day when opportunities present themselves ie: Frankfurt Open, London Open, New York Open, and NYSE Open ( 09:30 EST ). At 11:30 EST one should look for a reversal, except of course if there was a huge news event. Another thing I like about g/j is that it seems to be a proxy for "risk aversion".
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Avg 2.5 to 3.8 depending on liquidity. 1 minute pre/post news it really jumps. I have been using them just over 5 years now.
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As I type this my spread on GBP/JPY is 2.7, no commission. Chris
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As I type this I have 2.6 spread on G/J. Non ECN, no commissions.
