Tuesday, March 31, 2009

US/YEN to roll (I think!)

Russell, one of the 'indicators' I use issued this:

The Yen single currency has been weak all day. This may be the beginning of the push to 100.00 and above.

I agree, because of how weak the Yen looks and a couple of other extremely good indicators, I bought a 4 Lot position...One of my favorite indicators is my trusty trade triangles software, which also issued an UP triangle on the pair (US/YEN) today...that's why I increased my lot size.

However, I am still short my CAD/YEN trade (1 Lot @78.29). My stop is 78.54...

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