GBP/USD x USD/JPY = GBP/JPY

so should also look at GBP/USD and USD/JPY. If You want to buy GBP/JPY, you should see strong GBP and a week JPY so GBP/USD should go up and USD/JPY shluod go up then GBP/JPY has to go up a lot.

Let’s talk about system. I trade on 15 minutes chart but i’m using also 30minutes and hourly ploted on my 15 min chart. Also i’m using 4h chart to look for support resistance such as fibs and weelky, montly pivots, highs/lows.

Download indycators from here. Unzip them and put to C:/Program Files/Meta Trader/expert/indycators/. Also You can download from here my template, put it to C:/Program Files/Meta Trader/templates/. Reboot Your trading platform. I’m using FXDD Mt4, platform timing is very important.

Rules to open short position. Reverse it to long trades.

A.Oportunity

1.Start from 4h chart and look for posible support (weekly and montly pivot, big fibs), where the price can reverse and hit Your SL. Avoiding false breakout.

2.Also remended is trading with the main trend on daily and 4h chart.

3.Repeat this process to 15m chart, use daily pivots.

B.Setup

1.QQE(5) crossed to dwonside as You can see below.

2.Price below 5 days SMA and 100 hourly SMA. I’m using an indycator to plot in on m15 chart.

3.SMA 5 and SMA 13 crosed to dwonside 30m chart.

4.If You use the same SL example 30 pips think about TP shoud be minimum of 30 pips. The bigger it is the better(TP/SL)

C.Trade

1.Bar CLOSED below the box

Aditional rules:

1. Always use stop loss

2. If You can’t stay on Your winning trades split it. So You close first half at example +50 pips and drag the second half to example cross the blue line with the price.

P.S. There a lot of stuff that You should know and i don’t wanna post it here for now. If You have any questions post in comment.