Wednesday, March 16, 2011

USDJPY—at Nov. low

USDJPY touched 80.30 which is one pip below the Nov. 2010 low of 80.31. After this, there isn't another low unless one goes back to April, 1995 where the low was 79.70. It's not that far away in price.

© Dianne Fecteau, 2011. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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