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Old 03-15-2008, 03:42 PM
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Default Daily news of USD/JPY

I thought I posted this earlier but it didn't print for some reason. I can't help but see the three wave rally that unfolded from the lows. Risk is clear above the corrective rally peak (stop loss at 101.35). However a break of 101.05 would bring strong caution and I'll be looking at the EUR/USD's move in response to the USD/JPY breaking 101.05 to see if the dollar is rallying in 5 waves and establishing new lows against the euro.

Bottom line: I'm short again at 100.56 against 101.35, but might exit early on break of 101.05.
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Old 03-15-2008, 03:43 PM
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With the new low in place (currently at 100.27) makes me conclude I can safely move my stop loss to just above 101.05.
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Old 03-15-2008, 03:45 PM
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it should be safe, coz US condition is unable to make US STRONG!

if i don't play.... just simulation.. it works great, but if i put money... i looose...

is there something happened with me?

hmmmmm
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Old 03-15-2008, 03:46 PM
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Quote:
Originally Posted by bradrich View Post
it should be safe, coz US condition is unable to make US STRONG!

if i don't play.... just simulation.. it works great, but if i put money... i looose...

is there something happened with me?

hmmmmm
Don't worry it is not you! You have to accept that this is a speculative market and that you will loose substantially like Warren Buffet!
Whipsaws- are assured. You if you hang around long enough you will know that it is part of the game. The key is to know the direction for the immediate future and stick to it and change when it changes too.
They always want your money- as Terri Belkas once said you can only 'secure your stop loss' profit is a bonus.
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Old 03-15-2008, 03:49 PM
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Hello guys,
I am a new member and want to say hello to everybody.

perhaps my first stupid question:

The USD/JPY just passed the 100 level.

I know what will happen with the USD/JPY if the Japanese National Bank intervenes.

But what are the predictions for the EUR/JPY if the Japanese National Bank intervenes??

Thanks for the help guys..
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Old 03-15-2008, 03:50 PM
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if that easy.. then all experts is already a BILLIONARE hehehe..
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Old 03-15-2008, 03:55 PM
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Talking

Quote:
Originally Posted by bradrich View Post
if that easy.. then all experts is already a BILLIONARE hehehe..
Who said it was easy? Hehe.
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Old 03-15-2008, 03:56 PM
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Quote:
Originally Posted by forex16 View Post
Who said it was easy? Hehe.
by the way.
thanks, bro!
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Old 03-15-2008, 03:57 PM
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TREND a bit confusing now hehehe where will it goes ?
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Old 03-15-2008, 03:58 PM
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damn.... went up 100.80... any survivors ?
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