Wednesday, February 28, 2007

USD/JPY Plunged 300 pips

I was away for two days and couldn't believe the Dow plunged 500 points and USD/JPY 300 pips in one day. In such a dollar-bearish day, trend is probably your best friend of the day. Always expect the unexpected and don't fight the trend. I learnt this lesson sometimes ago.


Tomorrow should be another interesting technical day. Trade safe everyone !

1 comment:

flickrman said...

I had the best trade of my $100 FOREX experiment yet! I made 4% today, most if it on the EUR/USD (long) and USD/JPY (short).

You are right about not going against the trend and always expect the unexpected.

Tom
Digital Breakfast