oh well we're below 88.00 everyone looking out!!!!!! whats gona happen any ideas is it all up to non farm pays , i wana go long resembalance of bullish continuation but its really trying to test. any one think the daily oversold rsi is gona help us, anyone looking for long?
not rely on indicators, the daily RSI is 22.8! ! ! Daily 22.8 how can?
OVERSOLD ?????????????????????????????????????????????????????
I don't use RSI Mary, except for looking for divergence sometimes. Stochastic is a btter indicator for that purpose....imo. Never-the-less, it IS oversold and it's also at the bottom point equalling Dec 08 and Jan 09, so there's support there. Whether it holds, who knows
I'll post a chart in a moment
86,988 unbelievable
incredible
the strength of the yen
only those who live here in Japan knows that this money does not tell the true situation in Japan!
unemployment, falling wages, deflation, bankrupt social security, very low birth rate, etc. ....
if the yen is strong, imagine the situation of other countries??
Hi mate,
Yes, I'm out of this pair. I closed my position above when the 88.00 support line gave away today. I only trade small amounts, but this is a huge loss for me in terms of pips.
I'll stay on the side lines for a bit, it's no good to try to trade during irrational markets. Also no point to try to get back what the markets does not want to give you.
Good luck gents
Regards
Nectarios
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