Globex Currency Symbols
by Howard Arrington

On 03-25-2001 Globex started using these symbols for currencies.  The Globex currency symbol trades side-by-side with the regular CME symbol.   The Globex symbols typically use the first letter of the CME symbol, preceded by a digit 6.   There is also an e-mini contract for the Japanese Yen and Euro Forex that uses a digit 7.
 

6B    British Pound
6C    Canadian Dollar
6J     Japanese Yen
7J     mini Japanese Yen
6S    Swiss Franc
6A    Australian Dollar
6E    Euro Forex
7E    mini Euro Forex
6F    French Franc
6M   Mexican Peso
6N    New Zealand Dollar
6R    Russian Rubble
6Z    South African Zulu
6L    Brazilian Real

Example:   6B M1   is the Globex British Pound, June 2001 contract.

The Globex currency symbols trade in the same price range and decimal placement as their CME counterparts.


Trading Tip:
 
Pyrapoint Update
by Howard Arrington

The January 2001 issue of Trading Tips had an article on the Pyrapoint tool.  The example used in that article was the JNPR daily chart.   I thought you would like an update on how JNPR has continued to walk the Pyrapoint framework of diagonal trend channels, horizontal support and resistance levels, and turns occurring on vertical lines at the end of squares.   The summary statement given in the January article is repeated here.  The more you study the example, the more impressed I think you will be with this tool.

Our January example was through the end of the 5th square marked by the 62 to 59 vertical blue line.  I was amazed at how JNPR walked down the red diagonal lines to turn on the -1800 horizontal (tenth rotation of 180 degrees) and at the end of the 12th square marked by the 119-116 vertical line on April 3rd.  The actual low day was April 4th.   Amazing indeed!   (Sorry the closeness of the bar spacing causes the 120 label to overwrite the 116 label which is below the low turning point.)    Please reread and review the material about Pyrapoint in the