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COUNTER TREND TRADE?
Maybe the price will make a spinning top, hit the TL and bounce but we are still bearish and I don't like counter trend except to 'scalp' with tight stops and careful watching.
JPY has bounced and EUR just hit the 23.6 Fibo line at 1.3202 so we may be all right.
The problem I have is calling trend changes. So where is it going to change Brad?
On the way up in EUR I called something like 6 tops starting at 1.43, until I was finally right at 1.60 so I learned that the trend is the trend until the end. I learned the hard way.
BTW Brad, I'm surprised nobody has mentioned it before but I think you should have your own thread so that we don't have to go looking under all the different threads for your posts.
And for you Mike in JPY. Seeing as how you're from the motherland, Google edward revy teodosi and you will find a site about forex. One of my fave systems was the Teodosi 17 for the GBPJPY. Check it out.
Blizzard
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