Short in the 1.2945 area, stop above 1.2980, objectives at and below 1.2880.
Did USD/JPY surprise us or what! It climbed from around 120.24 all the way up to 10 pips shy of 121. The most exciting part for me was that as soon as I bought short @120.24, it began its resistance bugling climb. For me, it certainly wasn't a recipe for the good kind of excitement.
Last edited by Pipcrawler; 03-13-2008 at 08:37 PM.
Reason: link violation
If you ask 10 people the same question you will get 10 different answers. Honestly it is not being responsible to post signals when you can't even properly identify the pairs. If you want to be lazy and have somebody else think for you then have somebody manage your money. Its my opinion and im sorry if I offend you. A sound system? I don't think so
If you did ask 10 people the same question then, as you say, you would indeed get 10 different answers. However, you wouldn't get 10 completely different answers all the time. To quote the OP - "I compare what each plans on trading for that day and when I see that most are planning on trading the same thing in the same direction - that's the trend I follow for that day."
It seems like a good idea to me, which is why I was curious what your misgivings were about it. If its just that doing it would make me a lazy trader then thats ok with me I'll go with whatever works.
Different strokes for different folks you know wat im sayin' I believe wat you r saying is true about people having similar ideas. I guess I just dnt trust people enough and besides as u can see I dnt always agree with other people. Nevertheless if you are comfortable with this system then go for it and I wish u the best of luck.