Thursday, January 14, 2010

Sterling Yen

The Gbpyen has confirmed a signal short on the four hour chart by way of a very useful barchart pattern . The best entry was at 149.30 .I missed this as I was at the gym.

I am shorting the Gbp/Yen at market 149.14 stop loss 150. 24 risking 110 points on a 1/3 of my normal position size . I am risking 11o points /3, which equals a risk of 36 full points .

Lets hope for a big one . I have waited long enough for it .

Good Luck
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1 comment:

  1. rubyJanuary 14, 2010 at 10:28 AM

    I waited a long time too :)
    Thank you David.. for a great blog.
    RG

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