come everyone ... with a group efort we can rip the uSDJPY above the 50 EMA or if you are selling just flip it wont hurt and it will be a huge 100 pips to the upside!!!
well you have that great EURGBP position so I don't balme you. But if you are not interested in making upwards to 100 pips then well I guess you are already independently wealthy and trade for fun
The UK consumer still feeling the pinch, retail sales got clobbered, waiting for a 4hr close on EURGBP to see if I should bail out or leave it, 2 minutes to go...
EURGBP out of it 150 points.... at one point I was up 200 points thats the nature of the game one has to lose money in order to make money lol!!
Hi all again, I have aposition in USD JPY as well. Same size (20k) and approach of my EURGBP (no intraday, Elliott Wave and support/resitance). From my perspective, there is a potential for a massive trend in the USDJPY, with 110 the bare minimum. From a time perspective, I am talking about months so it's more an asset allocation decision than a trading decision but overall the direction is up, and that in my opinion is the most impartant thing to know.