Wednesday, February 3, 2010
USDJPY UNDER PRESSURE
The USDJPY may be under-pressure as we had several bounces from the 100 hour simple moving average, but with the trendline break i will be expecting a SELL.
A look at the 5min timeframe shows that price is playing below the two moving averagies. A good sell should be below 90.30 stoploss should not be more than 100pips and tp also 100pips with 30-50 trailing.
Let's watch.
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hello james i am recardo from jamaica. i am testing your 4 candles strategies- found on strategies revealed.
ReplyDeletecongratulations on all your accomplishments.
if you have any additional tips you can email me at recardo_j@yahoo.com
Hello,
ReplyDeleteThank you for the comments and i can only tell you to apply good money management style that can save u during whipsaw periods. YOu can also visit http://bondfx-trading-plans.blogspot.com/ for other strategies that can help you.
James