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Thread: Discuss the USD/JPY with a DailyFX Analyst
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  #2705 (permalink)  
Old 07-19-2009, 09:21 AM
melvyn melvyn is offline
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Join Date: Jan 2009
Posts: 32
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Quote:
Originally Posted by cmellon View Post
Hi Melvyn,

Yes you are right. I am waiting for confirmation of ITD 11 high and you understand it correctly. The price level to enter short however doesn't have to be below 93.25. Once you get confirmation of a daily candle close below 93.25, you could enter short at any level you want with stop loss above ITD 11 high. Once ITD 11 high is confirmed, I could use cornflower 1 hour strategy for example, entering short when there's a rally to EMA 12. If you read GBP JPY thread, I did discuss cornflower a little bit.
Cmellon,
thank you for your resposes to my questions here and on GBP/JPY thread. Delta doesn't seem so difficult once we have someone like yourself willing to teach others. Thanks a bunch!
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