Monday, July 5, 2010

A very quiet day on the Forex markets

Hi Everyone
I suppose it should be no real surprise that today was a non event. In the www.whichwaytoday.com we traded twice ,with both trades being scratched at no loss. The trades that I reported on yesterday and still looking good. I will look for entries in the morning.
The euro yen is in the process of charting ot a massive multiple inside bar pattern and a break should start a strong and tradeable move. Momentum studies on the h4 and the trend as defined by the 89 sma predict that the Euro Yen should fall tomorrow. Lets trade the market not the forecast .
See you at the open in London
have a fun evening
David

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