And this guy told you this:
So if you or anybody else have something to refer to when the signs begin showing themselves, you can react to the price action accordingly.
Even something as simple & effective as Captain Currency’s 3 Ducks offered up an opportunity to short it through 125.0 as it formed lower highs after tuesday’s rejection of the 127.0 level.
I have a question. I was thinking the BOJ policy is to weaken the yen further? Am I wrong?
life’s too short for boring cars and cheap wine.
That’s what they say.
But whether they do or whether they don’t the only thing that really matters is how you are going to play the individual session, daily, weekly or monthly reactions & gyrations to that information.
And that will be determined by whatever it is you use to engage with the market & over what time duration you prefer to work.
I had a total gain of 443 pips last week thanks to EURJPY as i said earlier. I bought it at 123 and closed at 125 it was awesome ride.
4k followers…hmm…
and 735 copiers
To those folks confused by the issue under discussion here, or who think they’re buying yen cheap and selling it when it’s
pricey - perhaps this will help to illustrate…
I think some may be confused about the difference between the PRICE of a currency V the VALUE of a currency
Indeed he doesn’t even know what he was talking about. And by the way, one thing I learned when I first started trading was, my mentor would say this countless times “Our job is not to predict, but to react”.
