DailyFX Forum - View Single Post - Discuss the USD/JPY with a DailyFX Analyst

		DailyFX Forum
Sidebar Wrapper

1,066 Users Online

Thread: Discuss the USD/JPY with a DailyFX Analyst

View Single Post

#1637 (permalink)

08-07-2008, 06:03 AM

Aeron

Member

Join Date: Mar 2008

Posts: 11

Aeron is an unknown quantity at this point

Need Advise

Hello oh wise ones. I had been waiting for quite a while for 109.00 and with RSI (10) topping and prices touching Bol Band (10) upper limites, I sold into the strength but as it worked out not so good. Took 60pt loss but my question is when is it a reasonable risk to go long in such an extended overbought market and when can you take a reasonable risk to sell the strength e.g 109.95??? All advise would be appreciated.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.