Hey People,

I have gotten tired of the typical overreaction of the main currencies to news announcements and have moved into the GBP/JPY. I'd love some input though I'm mainly just learning the characteristics of it now. It seems to be volatile although not spikey.

As a short-term trader I'm using mainly the 30m chart with standard stoch and RSI in 5 which gets a bit noisy, but responds well. I exchange only from 12AM EDT-8:30EDT. I use Murrey Math lines for targets/pivots...

Thoughts?


Virginia