22 February 2010

EUR/JPY : Staying Disciplined

  • Now at 125.03.
  • Original entries at 126.55 and 123.67.
  • Daily now pulled back all the way to top of bear flag. If not already in, this would be good place to start shorting.
  • For me, trade discipline is paramount. No action here to add, however tempting the chart looks.
  • Will only pyramid on a break of 122.02. To do anything here would surely be to invite trouble.

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