For those who shorted major pairs and yen pairs, be very careful. Last night i saw a shift from defensive sector, pharma to financial sector. A very low beta shift to high beta shift usually hints an incoming upmove. Just my 2 cents

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Added on July 10, 2009, 9:10 amThe shorts made money on the yen pair on the spike down due to unforseen circumstances, aka the trade espionage accusations. If it wasn't for the cancellation of the coal shipment to China, the yen pair wouldnt move drastically down.

This post has been edited by AdamG1981: Jul 10 2009, 09:10 AM

Do remember the yen pairs are very volatile due to earnings season. Next week we have BOJ and US banks reporting, i highly suggest to reduce shorts and increase net long (small size) as the yen pairs are mostly oversold and supported so far by the 100 sma.

Tuesday: Goldman Sachs earnings.

Also please be aware that BOJ might announce further credit easing due to the difficulty of smaller firms to get financing.

Alright, we need a new law here. Can we have a more meaningful discussion then just showing off? Newbies dont learn anything by READING how much u made. Be more constructive and contribute to RELATED studies that will help lyn members to execute a trade.

If this showboating persists, i will have to report to the mods. This is a DISCUSSION room, not a place to hang out and show off your winnings.

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Added on July 10, 2009, 4:37 pmPlease post discussions on:

a) Brokers ; which one is good / bad

b) FA

c) TA



This post has been edited by AdamG1981: Jul 10 2009, 04:37 PM