Hey Folks,
I've gotten tired of the typical overreaction of the main currencies to news announcements and have moved to the GBP/JPY. Though I'm mainly just learning it's characteristics now, I'd love some input. It seems to be volatile but not "spikey".
As a short term trader I'm using mainly the 30m chart with standard stoch and RSI at 5 which gets a little noisy, but responds well. I trade only from 12AM EDT-8:30EDT. I use Murrey Math lines for targets/pivots...
Thoughts?
Tulkas
Virginia
I've gotten tired of the typical overreaction of the main currencies to news announcements and have moved to the GBP/JPY. Though I'm mainly just learning it's characteristics now, I'd love some input. It seems to be volatile but not "spikey".
As a short term trader I'm using mainly the 30m chart with standard stoch and RSI at 5 which gets a little noisy, but responds well. I trade only from 12AM EDT-8:30EDT. I use Murrey Math lines for targets/pivots...
Thoughts?
Tulkas
Virginia
TULKAS