GBPJPY

Chart courtesy of Metastock. Data provided by Quote Center.

Here we have the DAILY GBPJPY which I am short on. I have already locked in some profits and this has been done earlier than usual because of the interest rate statement due out this week which will cause volatilty in the market and subsequently could possibly turn to the upside again.

Below I have pasted an email from Barry the Turkey Catcher which I thought for those of you who own Metastock may find useful.

This week I have made 300 pips using a mechanical trading system, I have used the mechanical trading system in a slightly different way. I have scanned as normal using the MACD stratagy but this often brings up a lot of possible trades and since I am getting lazy in my old age (25) I decided instead of going through all the charts one by one I would use the RMO stratagy on the results of the MACD stratagy. This drastically reduces the number of results so less charts to go through and seems to prove very accurate as it should because all these charts have two stratagies picking them out instead of just one which has to be more accurate! Try it and see.
Happy trading
Barry.

We have interest rate statement due out today and tomorrow and should be accompanied with some volatility so please maintain any of your open positions accordingly.

Once again, thank you to everyone who have emailed, text and left voice mails regarding Munch. His brother Crunch has had a scan yesterday and prelimanary results are all clear.

Have a good trading day to you all.