Pound Yen
Chart courtesy of Metastock. Data provided by Reuters Data Link.
Chart courtesy of Advanced Get. Data provided by eSignal.
We have two signals for shorting the GBPJPY. The Metastock chart is 60 minute and Advanced Get chart is daily.
One is through mechanical system trading and the other is through a personal strategy but both are giving the same result. The system trading used on Metastock gave us a later short signal than my personal strategy.
Systems and strategies aside, you may want to have a look at this cross for a possible trade but please do your own analysis before opening any position.
I have closed off my USDCAD position now and am awaiting the interest rate statement this afternoon before opening another position in this pair.
Good luck today.
We have two signals for shorting the GBPJPY. The Metastock chart is 60 minute and Advanced Get chart is daily.
One is through mechanical system trading and the other is through a personal strategy but both are giving the same result. The system trading used on Metastock gave us a later short signal than my personal strategy.
Systems and strategies aside, you may want to have a look at this cross for a possible trade but please do your own analysis before opening any position.
I have closed off my USDCAD position now and am awaiting the interest rate statement this afternoon before opening another position in this pair.
Good luck today.
posted by Javid Shaik @ 9:16 AM
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