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feb2865

Trading YM(Mini Dow) and Forex

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USD-JPY - Definitely Forex sticks to price like a gum in a truck's tire...I had this 125.05 line running since Monday...Damm didn't see that trade!!Well, anyways, can't complain..

USD-JPY.thumb.jpg.ee42636a296153f74e9164a2bf9ecc4b.jpg

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A small lesson - from the markets.

 

AUD/JPY is probably my favorite pair to trade - because really sticks to price

 

Trading is all about PRICE. Yes it is.

 

Look at the yellow circles - see what happened?

 

Hindsight? , well, look at the last top(resistance) yellow circle to the right and compare to what's happening now.

 

Actually in one of my late post yesterday I mentioned AUDJPY holding support . That would be the last yellow circle (support)

 

If you really analyze this charts, your eyes and, like my mentor used to say, you won't be trading on your toes anymore.

5aa71257c0e18_AUD-JPYpredictable.thumb.jpg.0b96edb3e78e52ba97afdc98893a35d2.jpg

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