A good question from one of our subscribers

Quick question...how come the next day high might be lower than the close?
For example, in today's forecast, the gbp/jpy closed at 234.19 with a
forecast direction of "down". However, if I sell gbp/jpy, I can't set my
stop above the next day high of 232.69, which is lower than the close. Even
if I placed my stop 30 pips above the high, that would be at 233, which is
still lower than the close, and lower than the current market at 233.48.
Maybe this is a typo?

Answer.
no typo...the last few weeks there has been alot of action between the New York close and the Asian open. The data that is compiled from our data provider comes out around 6:30 - 6:45. It treats the open as 5:00 pm, and the close as 4:30 PM..... so there can be a gap where the currencies have moved (yen pairs mostly). In these situations it usually indicates a strong movement down, and if trading the pair would probably use the open as the stop. It is one of the nuances of the forecasts and could have netted around 300 pips last night.
Otherwise I would probably avoid that pair.

Remember to use stops only to prevent catastrophies when trading the forecasts. And if you see a currency dropping when you get the forecast be prepared for a bounce once it reaches bottom. If you can, use a moving stop once you have achieved your desired profit.