Overview of the trading system 30 Pips a Day

Basically, when the 10-period EMA crosses the 26-period EMA and goes up, it's an uptrend. When the 10 EMA crosses the 26 EMA and goes down, it's a downtrend.

We already know that GBPJPY is an elastic pair and can sometimes move up to 100-200 pips within a day. So our goal is not to track every price movement during the day but only a fraction of it, ie 30 pips. And this is also the core of the 30 pip A Day trading system I'm going to share with you.

Brothers also need to know one more component: the Trader's active area. This is a reversible price zone, so it is also a sell or buys zone depending on what the current market trend is. For example, if the main trend of the market is down, there will be times when you see a price rise (even though the main trend is still down), which is a rare recovery of price in a downtrend. The moment the price recovers will most likely end in the Trader's active zone when you see the price drop again and follow the main trend line.

The opposite also happens when the market is in an uptrend. You will notice that the price may drop, but it is only temporary. The moment the price hits the Trader's active zone, it will rise again and follow the main trend.

30 Pips A Day System - Selling Conditions
  1. The 10 EMA crosses the 26 EMA and goes down
  2. Don't place sell orders right after the 2 EMA crosses, so wait for the price to return
  3. Sell as soon as the candle enters the Trader's active zone and hits the main point between the 10 EMA and 26 EMA
  4. Place stop loss at 15-20 pips
  5. Set a target profit of 30 pips

30 Pips A Day System - Purchase Conditions
  1. The 10 EMA crossed the 26 EMA and going up
  2. Do not place buy orders right after the 2 EMA crosses, so wait for the price to return
  3. Buy as soon as the candle enters the Trader's active zone and touches the point between the 10 EMA and 26 EMA
  4. Place stop loss 15-20 pips
  5. Set your target profit at 30-40 pips

30 Pips A Day System - Another strategy to trade
  • When the candle enters the Trader's active zone, a bullish reversal signal will signal a buy; bearish reversal candlestick is a sell signal;
  • After that, place a buy pending order or a sell pending order above the high and low levels;
  • Place the stop loss pending order a few pips below the top/bottom of the reversal candle when your pending order is triggered but you feel it is too close; If you see a previous high/previous low nearby, you can place a stop loss there.
30 Pips A Day System - Weakness
  • In a range or sideways market, you will see many false signals;
  • If you trade in the Asian session, you need to reduce your target profit (to 20 pips, for example), because the GBPJPY pair will fluctuate slightly differently from the UK and New York sessions;
  • Stop loss is easy to stick if you are too close because the GBPJPY spread can be 3-4 pips so when placing a stop loss with this system, you need to be a little careful when placing the stop loss
30 Pips A Day System - Strengths
  • The strong elastic nature of the GBPJPY pair means that the target profit is quite easy to achieve;
  • In a strong trending market, the system works very well.