Trend Follower: USD JPY Short 2

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Tuesday, January 25, 2011

USD JPY Short 2

USD JPY after one day. Just do not forget your stops.

Have observed that if you compare the trend of a currency, say USD, if it is in a downtrend against JPY,

it is also the same with other USD pairs. Just my opinion.

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Tracer's Trading Rules

1. No Set up, No Trade

2. Plan your stops before entering a trade

3. Let you profits run

4. Never argue with the tape

5. As soon as your price move in your favor, increase you stops.

6. Always be on the look-out for danger signals.

7. In a losing streak, take a vacation.

8. In a winning streak, add more.

9. 3 rules you must always follow, 1. cut-losses, 2. cut losses and rule number 3. cut losses.

10. I do not have targets.

11. Keep Learning. The market is constantly changing. No strategy works forever.

By following these rules, you have limited risk and unlimited profit potential.

Tuesday, January 25, 2011

USD JPY Short 2

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