Originally Posted by
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I am trading (trying scalping) on GBP/JPY pare.
Don't trade less that 4hrs
GBP/JPY is a very volatile cross, and very dangerous IMO
When I lose, I lose around 40 pips, and when I win, I get only 6 to 10 pips. Since I am new to FX, I can not anticipate how the vital news/annoucements will impact the trend.
That until this day is a difficult one, and why I only trade 4hr tendencies
how can you know or see, if the trend will probably be bullish or bearish predied on those essential announcements (in this scenario GBP/JPY)? I am reading the calender and articles, but still I can not know what they are saying properly.
Do you know any links (tools ) that might assist me?