- Joined Mar 2010 | Status: Member | 5,914 Posts
Forex can only be understood backwards, but it must be traded forwards.
- Joined Mar 2010 | Status: Member | 5,914 Posts
Forex can only be understood backwards, but it must be traded forwards.
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Disliked{image} I think the markets are pretty weak, my analysis points to a possible retrace on the 6-8th and another turn on the 10th Jan. My long term outlook is that the markets will continue to fall into January possibly making an final low around the 22nd Jan. So with this in mind I will be looking to short Yen crosses. Had I been able I would have posted the AUDJPY trade and it is a fast mover and moves closely to the market like the DAX, footsie etc. There is a potential that the US boys will want to take the market back up again so they can get...Ignored
DislikedOk tomorrow I am going to only do trading, so if you want to get enrolled I will only get round to it tomorrow lunch time. I should have done it this way round today, but I was quite happy to get everyone on board. I have room for 6 people more so if you wan to get involved then now is pretty much your last chance for this monthIgnored
DislikedThanks for that I appreciate all the hope I can get. I will set you up this afternoon. Very slow this morning the PMI data did nothing but I am looking at teh GBPJPY and I can see some dealer moves, hard big bars down which are designed to make you go short, they are getting zero follow though which makes me think its dealers accumulating buy orders. We have to be patient, I cannot be sure what they are doing although we can see which way they go when they come out of this sideways move. We need an hourly close above 173.70 to show commitmentIgnored