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

Monday, May 31, 2010

USD/JPY (+87)



it is obvious that USD had huge gains lately against most currencies, and the most obvious exception was JPY. Flight to safety of JPY was obvious in the other pairs, but if we looking for the king/queen of currency safety it is JPY. Recovery from the JPY gains is not going good for the USD, so recent formation of "rounding" top could be taken as opportunity to sell the pair. In addition, indicators are showing divergence in the price, as well as Fib. retracement (50% of recent highs/low at 91.47) Stops should start above 91.90 and targets should start at 90.60 and below.
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