Because of where the US/YEN just closed on the 4H chart, I went short 1 lot (this is an actual trade that Bob Iaccino's firm places also.) Yesterday, I got in my mailbox the following email from Market Club:
- MarketClub Smart Scan Alert for USDJPY Weekly Trade Triangles US Dollar/Japanese Yen (FOREX_USDJPY) is trading at 95.352 -0.068 (-0.07%) and has triggered a new LOW for a Red Weekly Trade Triangle.
USDJPY Streaming Chart
http://www.ino.com/info/191/CD3603/&dp=0&l=0&campaignid=8
USDJPY Chart Analysis Details
http://www.ino.com/info/191/CD3603/&dp=0&l=0&campaignid=8
US Dollar/Japanese Yen (FOREX_USDJPY)
Last 95.352 Net Change -0.068 (-0.07%) Score -60
Open 95.420
Day High 95.615
Day Low 94.680
Prev Close 95.420
(Clicking on the chart gives you a clearer view):
This was my confirmation, and as I discussed before, issuances of WEEKLY trade triangles are much more powerful then DAILY ones.
For 1 month, do what I did and try it for free...(you can see my record of trades in the last post.)
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