Monday, May 5, 2008

STATE OF PLAY (NO TRADING TODAY AS LONDON & JAPAN CLOSED AND I'M ON HOLIDAY! LIVE TRADING RESUMES TOMORROW AT 7AM. BELOW ARE TODAY'S SYSTEM SIGNALS)
(Target/stop loss 20/30 on GBPUSD & EURJPY, 40/60 on GBPJPY - wait for 1 min conf on system 1; capital £20,000, 1.5% risk pe rtrade))

System I
CLOSED - GBPUSD SELL @ 1.9750, 20 pip profit
CLOSED - EURJPY BUY @ 162.90, 20 pip loss
CLOSED - GBPJPY SELL @ 207.60, 40 pip profit
May cumulative 100 pip profit (£600).

System II
CLOSED - GBPUSD SELL @ 1.9750, 20 pip profit
CLOSED - GBPJPY SELL @ 207.82, 40 pip profit
May cumulative 100 pip profit (£600).

Daily pivots: GBPUSD 1.9777, EURJPY 162.18, GBPJPY 207.77

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