THE MASTERCHART AND THE DRAGON GBPJPY ~ quantina forex news trader ea v2.1
Those who have been following my previous posts on Mastercharts, would have read that the cyles for GBPJPY is between 1300-1500 pips. As volatile pair, the Dragon has little respect for the Masterchart support/resistance levels and would often violate these levels by as much as 300 pips. The best strategy for dealing with this volatility is to create a buffer zone of 300 pips around the Masterchart levels. For example 1000 pips price movement from 120-130 will have its buffer zones at 117-120 and 130-133 price ranges. You will only look for opportunities to either go long or short within the buffer zones. If you trade this way, you will avoid entring trades premature and getting severely burnt in the process. I attach herewith the followng 100 PPAA and 200 PPAA charts in support of this analysis
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