Monday, July 30, 2007

Added insight

Adding to my encouragement for you to look at GLD, and the AUD/JPY, take a look at the video and blog on the Profiting with Forex home page and today's blog title Watching Stocks to Trade the JPY. Add that to the Aud/Usd analysis and put all the pieces together.

I am not kidding, take a stand, make a comment, show you have an opinion. No one is wrong, some of us will just be "righter" than others.
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3 comments:

Margie said...

I bought USD/JPY yesterday before the market opened because the futures were up and my system indicated the pair was reversing. AUD/JPY is bouncing off support, both fib retracement and fib fan. Stop would be below 100 and target 106. Now I just need to put my 'money where my mouth is'.

I also bought GLD and went short GBP/NZD.

7:14 AM, July 31, 2007
Blake Young said...

So now that the pair has moved up 100 pips from the posting now what are you that didn't get in the trade going to do? Where is the next entry point. Don't chase the trade let it come to you. Give me your thoughts. Great view Margaret. Why did you feel it was time to short the Gbp/Nzd again?

11:12 AM, July 31, 2007
Margie said...

I'd probably wait to see where AUD/JPY closes today. 101.6 may be an entry as that is where my fib fan support line is.

GBP/NZD bounced down from a channel line which it has gone up to touch again now. If it bounces down, time to add to the position. Exit if it breaks up.

12:06 PM, July 31, 2007

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