Worth a watch to see if it gets through 153.42,going to give it a go by the look of it.
Cheers
Miner
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Worth a watch to see if it gets through 153.42,going to give it a go by the look of it.
Cheers
Miner
Blind faith in the US is only going to get you slaughtered in this game,unless you know if and when Nth Korea will fall and how many thousands of pips and which way(long or short?) until then.
Cheers
Miner
Well tested and through 153.42 for now chaps.
Cheers
Miner
This one and usd/jpy both worth a watch for a long today.
Cheers
Miner
There have been some good pips in this one the last few days(same with it's mate usd/jpy),still worth watching for more north or south as they have been big moves.
Miles better than my other 2 pairs,as have said before eur/jpy is a good(usually tidy) pair to watch.
Cheers
Miner
Short looking for 155.75 on the daily,but 156.46 to get through first,see how we go.
Cheers
Miner
http://img185.imageshack.us/img185/9866/fxfxrx3.png
My usual rough lines but you get the idea I hope?,very tight stop though.
Cheers
Miner
yeh bit of a fear holding short yen positions with G7 comin up
"EUR/JPY falls sharply as U.S. hedge funds, European securities firms unwind long positions due to G7 concerns, say senior customer dealers at major Japan banks. One tips first support 156.25, then 156.00 in Asia vs last 156.50 on EBS. USD/JPY also falls, may target 120.25 in Asia vs last 120.77 on EBS. "Some players who bought the dollar after the release of U.S. non-farm payrolls last week are probably unwinding positions, trying to hit stop-loss sell orders," one says."
Ta peat,I just trade off my screens and never read anything,BUT please don't take that the wrong way as I read what you post,I just don't go looking for it,so keep posting the info.
Going to get stopped in a tick I think as usd/jpy has turned back up,still was an ok trade pattern.
Cheers
Miner
thats cool miner , I just thought you might like a fundamental perspective alongside your technicals (as indeed you did).
I reckon you should stay short if you can.... direction seems to be down and retracement is bouncing back of 31% fib - (120.90) of todays drop. (USD/JPY)
And Eur/JPY is weaker , but hey.... you know what you're doing.
1 minute graph of USD/JPY today with fib lines.
http://img172.imageshack.us/img172/3...5022007vh4.jpg