FOR: 23 September 2010, Thursday
A lot of activity in our Currency Corner today. Our most active trading system for currencies, M4Rev #3, is a bit odd in that it can give both a sell and a buy signal on the same day. AUDJPY is giving both a sell and a buy signal today. The original buy signal came in early September. One can use this opportunity to (1) take profits; (2) to add to one's long position; (3) get in to a long position after having missed the first buying opportunity.
This is a Buy Signal (the Buy Signal essentially overrides the Sell Signal).
The same situation is happening for NZDJPY. Sell/Buy Signal today. So this is a Buy Signal.
NZDUSD, New Zealand Dollar/US Dollar.
Same Trading System, sell signal only for NZDUSD. Take proits on this trade.
AUDCNY, Australian Dollar/Chinese Yuan: Sell Signal. Take profits.
Note the several points where trading buy/sell signals occurred simultaneously: selling in April; buying in mid-July. This creates a wonderful time to add to an existing profitable trade.
USDCAD, USDollar/Canadian Dollar. Open Short Positon.
INRRUB, Indian Rupee/Russian Ruble: Sell, take profits.
JPYRUB, Japanese Yen/Russian Ruble: Open Long position.
M4 Spike Commodities Trading System.
More information on the CGTS systems can be found at:
MICHAEL J CLARK
Clark's Gate Timing System
84 4 221 92210
Disclosure: No positions to disclose.