2010 profit + 1179, 2011 + 971

2010 January +236, February +22, March +190, April +198, May +607, June +63, July 0, August -50, September +62, October -240, November +114, December 0,


2011 January +388, February - 80, March 0, April -114, May 0, June -15, July +433, August 0, September +260, October +253, December -154


2012 January +365, February 0, March +236, April +203, May 0, June 0, July





TRADING FOREX MARKET

The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.

Greggory L. Morris

Friday, March 12, 2010

GBP/JPY (-35)


pair is trending higher, but RSI indicator is recording a divergence. It is not really easy to "pick a top", but on this chart it would be reasonable to place stops above 137.00, and profit targets at the bottom of the channel. In case the pair does reverse it is wise to place stop on the trade entry position. Keep in mind that pair is trending higher for a couple of days.
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