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Be careful, first take note of Mr.Marketz phone to call him when a drawdown of 600 pips comes in place and would be "waiting" as you had buy a google share, even better, a GM share.
Now the serious part.
As a phrase I have read today, Yen is a Pain.
Take a look at hourly action, daily action whatever you want and make next question to you: Can I trade this crazy moves?.
Off course, there are many systems, here in forum, some of them showing beautiful pictures of how good they "traded" the pair, and how good with their system you could trade the yen.
But obviously, all pictures are post action, I can't find some post describing what's is going to happens.
Don´t believe in anyone. A few traders really focus in Yen because have a really understanding about fundamentals. Because, under current market conditions, Yen fundamentals and US fundamentals have a high impact in the value.
If you´re a relatively new trader, be careful, Yen is not easy as Euro.
It moves in trends as any other pair, but the choppy action (compared with another crosses) would take your nervous at test.
And under this special conditions/profile stops becomes hard to set.
You could start reading the profile made by Kathy Lien in his book and then, learn about Ichimoku and candlesticks (Nisson books). The way the yen is technically traded.
"waiting" as you had buy a google share, even better, a GM share.
Right, but at least he could earn some nice interest in the process (unlike those unattractive stocks). I did mention mind your MM. This pair is nowhere near its top as of yet. By the way, if some news comes out regarding a 15% drop in any of the Asian markets - then immediately liquidate your positions. Pretty simple , eh.
And by all means, if you need to contact me, I can be reached @ 1-800-don'tcallme-I'llcallyou
get the 150, 200 ema's up on 4hour 1hour charts and see how market reacts at this area. I like it when it hooks under the 200 ema for a short and catches on top of it for a buy
Linear Mode
