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, September 13, 2010

USD/JPY (-64)



with the strong JPY move across the board and 10yr yield actually moving higher, we believe that move will not be sustainable for this pair. DXY (u.s. dollar index) moved lower as well and reached oversold levels. Market is moving higher in Asia, Europe, and currently in US gains are about 0.5% without any new economic data. Market is still moving on China and Basel news, and taking risk on approach. If we truly have risk on sentiment we should see JPY losses, but still it is not the case. Major moves were on a US Dollar weakness, which again, we believe is overdone, and we are due for a move higher on this pair. Weekly chart shows the divergence on a price and a doji on a previous week candle. We don't anticipate much more USD weakness,but upside surprise on USD data tomorrow, and we do anticipate JPY sale across the board.
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