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Thursday, July 10, 2008

Forex trading (currency trading), EUR/JPY is on "the blog tonight show (july 10-11)". Forex traders of the world: A forex darling would probably fall

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Forex traders (currency traders), forex and stock trading blog readers:

Stock traders: I have other errands and other work to finish today, and was hoping that I would be able to trade and report later today, but it looks that I will not be able to for today July 11, 2008. I just read about the nasty un move in Oil. This price of Oil is really creating difficult times for everyone. I put some gas today, and I really felt it at the pump. I am looking into alternative modes of transportation. It is getting ridicoulous, and my wish is to see Oil price coming down and a great rally in equities particularly for the Dow. I am optimistic, and I think the dollar will rebound. There are some stocks that are really a great buy right now, and I wish I had time today to select some to buy for the retirement account. Have a good weekend and happy trading.

Now the main topic of this post: EUR/JPY

EUR/JPY pair was discussed in another post in this blog: "One of greatest unwind of carry trades is about to begin. I do not want to be left out. The conditions are ripe, the analysis is done, and all reasons are pointing to a massive move in a major currency pair."

That was two days ago, a move took place indeed with more than 100 pips profit from 168.90 to 167.80. The eur/jpy carry traders brought it back up today. Now it is back to the 169.00 area.

It is in a critical point, and the decent can happen anytime. In a piece we wrote, and that we plan to email you, we will explain the fundamental reasons behind this trade. Send the enrollment request to be included in the readers.

Write this in the subject line: "I would like to be added to the EUR/JPY trading list/blog/emails". Email info is below.

As we write this on the evening of July 10 to 11 2008, we are building selling the pair in the area of 169 up to 169.25 (if it gets there).

1:33AM (EDT): Chart containing entry is attached


I urge you to send me an email to add your name on the list of a by invitation only blog, and also in my list of people to who I am writing to share "secrets".

My contact information is below. Just send an email (with or without a subject and/or body), but I would of course read and appreciate any comments and questions you have or simply an introduction about yourself in the area of trading and/or related topics.

Best regards and happy trading,

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Happy trading,


Blogger Susannah said...

Doing any trading lately, RFT? I've been checking your blog, but was on vacation last week and didn't look at anything related to trading at all. Hope you're doing OK!

July 22, 2008 at 12:52 PM  

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