Hey, Sorry to just jump into your post, especially being my 1st post on MoneyTec. Just replying to say that I will be shorting that same area with you, many lots but based more for a Long term trade.
I attached a monthly USDJPY, look @ this Trendline dating back from '99 .
Got out of my USD/JPY shorts at a loss of 86 pips. Will stay out of this pair for now, but I'm still short USD/CHF and will add every 100 pips or so if we see those levels. GBP/USD short and long. Shorted near the low, and bought at 1.8900. Will hold until they break even.
I'm waiting, too, Mosad, with a decent short position, since this looks like it will be a sharp break when it happens. Not looking for long-time reversal...just 80-90 pips would be a nice profit. Not much new to say today for me. Same positions. Short CHF, short JPY. May go long GBP on a break of 8745
oops,
I missed the move
I were at work and the move happend
anyway Im waiting for repositioning
Sound what about Euro crosses
Eur/Aud seems to be topping!
also Eur/Cad is showing a good sell
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Knowing how to trade is not the same as knowing how to win at trading.
Hey Sound, want a target for that Yen short? The brown lines are the .382 mark from the median line to each outer line. If it goes anywhere south, then 116.32 is a very valid target.
Nat
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