December 1st, 2009 – USD JPY continues it’s bullish run after hitting 84.81 level. As, you may remember from a previous post informing all traders not to go long when the USD JPY hit 86.28 …. here is the post USD JPY – Reaches 86.28 … is this the end ? The currency took a -140 pips further decline; anyone who had a buy position @ 86.28 was out. Don’t expect the currency to recover till it reaches at least the 89.00 – 90.00 psychological level, and it may take one more decline before pushing further.
I used to trade based on speculation, greed, and fear but not anymore ! My forex trading is based on a trading style that I have created, referred to as “LIT solution”. LIT stands for low intense trading, basically it requires you only trade during market hours, no indicators, using Japanese candlestick, plotting resistance lines, and make profits consistently.
