A Trading Metro Member Blog
Complimentary copy of my shared Trading plan for the USD/JPY, May 26, 2010
| No BUY/HOLD and/or SELL recommendations! Complimentary copy of my shared Trading plan for the USD/JPY, May 26My: The Dollar has picked up from Yesterday’s low at 89.25, and advanced during the U.S. session with an objective to regain previous losses. After failing to penetrate hourly FIB-R1 at 90.48, the pair has remained trading flat. During the Asian and European sessions, we see the currency pair remains flat cycling between 89.99 and 90.37. The pair is consolidating right now at 90.30. I’m expecting a breakout upwards soon today and prices up to levels around 91.00. Immediate resistance lies at 90.61 (May 24 23:00 GMT), 90.78, 91.14 (200MA), 91.23 (FIB-R3). Don’t forget to review the News drivers. Direction (LONG) Entry 90.36 Stop/Loss 89.92 Take/Profit 90.61, 90.78. Regards, Efraim Risk Disclosure: NFA (National Future Association) Trading Spot/OTC Foreign currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in Forex exchange market trading, only genuine “risk” funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the Foreign exchange markets. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. No “safe” trading system has ever been devised, and no one can guarantee profits or freedom from loss. Unique experiences and past performances do not guarantee future results! Nothing in our live presentations, training courses, website, or other materials shall be deemed a solicitation or an offer to Buy/Sell currencies in Spot/OTC Forex Markets. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed or presented in any manner. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Foreign currencies trading involves high risks and you can lose a lot of money. CFTC RULE 4.41: (CFTC = Commodities Futures Trading Commission) HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN OR DISCUSSED HERE, TRAINING MATERIAL, PROMOTIONAL MATERIAL OR ANY RELATED SERVICES. OUR COURSES, PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN AND ARE SOLELY AT YOUR OWN RISK. |
