Friday, October 19, 2012

Count Update across the board

the 1 thing abt a trader is that he has to be hardworking. thus said, i have to chk thru all the pairs and see if their count has changed. i also apply intermarket analysis to determine if i should leave my position open or close first see how later.

so currently based on yesterday's analysis, i have this position still open..

btw 10,000 Yen = about 125 USD

I know my Trading Record shows that this position was cut off but that was based on counts alone. In real life trading, there are other factors to take into account and they paid off as I got a short near the top :) (Highest: 128.24)

GBPJPY:
based on what i see i believe some of double bottom is on the charts and a rebound is at hand before another wave down to allow me to sqaure off this position.

the hint to whether to close this now or later will lie in usdjpy and gbpusd. so i will be watching and updating their counts respectively.



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