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

Tuesday, September 21, 2010

USD/JPY (-26)



with the USD loosing ground against all currencies it is only natural that USD/JPY heads lower again. This comes to complete and total dissatisfaction of Japanese finance ministry as it did intervene last week to stop appreciation of it's currency. Today, in FT,Mr. Kan reiterated how important it is for Japan for JPY not to appreciate, and they will do more in order to stop it. This trade is based on Japanese commitment to curb JPY appreciation. Even from technical perspective on 1h chart, 200 sma poses as target for bears, and stochastic is in overbought level. Stops are placed at 84.25 and profit target at 86.20
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