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Thread: USDJPY 2 Oct 2008 5:00 a.m

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    Lightbulb USDJPY 2 Oct 2008 5:00 a.m

    This is the current status according to my model and trading .


    My model shows that trading in the next 4 hours will stay in the range

    Low : 105.65
    High : 106.24

    RSI : is neutral in all time frames

    In the 5 minute chart the market is about to end a down trend the same in the 15 ,30, and 1 hour chart this is @ 5:32

    In the other hand :

    A strong buy signal is flagged on the 1 hour chart and complemented by 1,5,15,30 and 1,4 hours chart to be valid .

    Buy @ : 105.88
    TP @ : +22 pips or how far you want to go ( long term ?? )
    SL : depends on your money management .

    Comment : 4 hours signal lets see if it take profit in the next 4 hours


    Will keep you updated

    Best Regards

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    Post USDJPY 2 Oct 2008 8:00 a.m

    This is the current updated status according to my model and trading .


    My model shows that trading in the next 4 hours will stay in the range

    Low : 105.59
    High : 106.24

    RSI : is neutral in all time frames

    In the 5 minute chart the market ended the down trend that i talked about and now is moving inside my indicator levels in all time frame an Up trend is to take place in the next few hours as my model pretend so lets wait and see how long will it be



    Will keep you updated in the signals section of the forum

    Best Regards

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    Default

    oct 6 signla ,
    sell usd jpy at 104.88 sl 105.18 ,tp 103.00

    thanks

  4. #4
    forexit20
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    Default

    i thanks ur models and i will work

    on this model

    thank u ...

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