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Thread: Discuss the USD/JPY with a DailyFX Analyst

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#2667 (permalink)

07-02-2009, 01:01 AM

Krismitt

Member

Join Date: Jun 2008

Posts: 146

Krismitt is an unknown quantity at this point

Thanks

Quote:

Originally Posted by cmellon

Hi Krismitt,

At the moment short 97 (from early June), Stop Loss 98.86.
Attached is Delta Chart in ITD time frame and MTD time frame for what could possibly happen.

I am waiting for confirmation on ITD 9 high, which may or may not have been reached at 97 yesterday.

I plan to take 100 pips profit for partial position, and then move the remaining position stop loss to 1 pip above ITD 9 high. Target is below 94.

Thank you very much CMELLON

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