Forex blog – JPY forex fan
Making pips in the Yen crosses.
Welcome to my forex blog. I am a great believer in luck and I find that the harder and smarter I work the luckier I get. :-)
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It is 07:45 am GMT. My Take Profit was just hit for a 58-pip profit. That’s it for this month. See you next month guys – in a couple of days. 
Such hourly pictures look really ugly to the folks who are holding long positions:
HEY JPYFF,
Congrats on the monthly performance!!! WOW 500 + pips! your averaging 100 per week! thats amazing! I am impressed! so tell me…what do you think of the USD/JPY long trade?? I got into it on friday late afternoon? Your opinion is valued!!
Hey Ashton,
Thanks! I had a good streak last month, but the more difficult task is to keep it up like that…
So, you’ve got a long in USD/JPY? It’s a little bit like trying to pick the bottom without waiting for confirmation, but if we look at the weekly chart we are close to the low of Nov. 27, 2009 and I was thinking that maybe the pair would try to touch that level and then rebound, but it’s very possible we could see a rebound without touching the previous low. The news from Japan are not very good, so the fundamentals are on your side.
Have a good day!