Wednesday 26 March 2008

Yen-Crosses GBP/JPY & USD/JPY Finally Collapsed Wednesday

Wednesday
No trade

We stayed away from the major pairs today. But, we were ready to buy into the yen strength. The market sentiment was spot on and we would have been on the right side if there was a valid daytrading signal entry. On the other hand, the fast scalping strategy should do well in this market environment.

Update: There was no tradable signal for today. We stayed clear of forex market frenzy.

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