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USD/JPY - Long Trade Called at 27/09/2011. HIGH RISK TRADE! James Fournier

James Fournier calls a long trade on the USD/JPY currency pair as of September 27, 2011 based on divergences seen on the monthly, weekly, daily, 4-hour, and 1-hour charts. The trade is considered high risk given the USD/JPY's consistent downward trend over the past 12 months. A tight stop-loss and appropriate position sizing are recommended due to the risk.

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194 views

USD/JPY - Long Trade Called at 27/09/2011. HIGH RISK TRADE! James Fournier

James Fournier calls a long trade on the USD/JPY currency pair as of September 27, 2011 based on divergences seen on the monthly, weekly, daily, 4-hour, and 1-hour charts. The trade is considered high risk given the USD/JPY's consistent downward trend over the past 12 months. A tight stop-loss and appropriate position sizing are recommended due to the risk.

Uploaded by

api-100874888
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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USD/JPY - Long trade called at 27/09/2011. HIGH RISK TRADE!

James Fournier

USD/JPY Monthly Chart - RSI Divergence on Monthly Chart culminating in a double bottom.

The Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose. Forex, futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, futures and options markets. Don't trade with money you can't afford to lose.

USD/JPY - Long trade called at 27/09/2011. HIGH RISK TRADE!

James Fournier

USD/JPY Weekly Chart - 1). RSI Divergence at double bottom. 2). RSI Divergence along Weekly Trend Line.

The Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose. Forex, futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, futures and options markets. Don't trade with money you can't afford to lose.

USD/JPY - Long trade called at 27/09/2011. HIGH RISK TRADE!

James Fournier

USD/JPY Daily Chart - RSI Divergence at a messy bottom.

The Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose. Forex, futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, futures and options markets. Don't trade with money you can't afford to lose.

USD/JPY - Long trade called at 27/09/2011. HIGH RISK TRADE!

James Fournier

USD/JPY 4 Hour Chart - Two possible entry points presented through RSI Divergence. 1). Entry Long on 19th August on the overextension. 2). Entry Long on 24th September low at S2. 3). Entry Long on pull back after RSI Divergence with failure to make new low and break this messy support band.

The Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose. Forex, futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, futures and options markets. Don't trade with money you can't afford to lose.

USD/JPY - Long trade called at 27/09/2011. HIGH RISK TRADE!

James Fournier

USD/JPY 1 Hour Chart - Display the two RSI Divergences and entry points. This trade is high risk as the USD/JPY has consistently fallen over the last 12 Months - however given the fractal-multi-time-scale nature of the RSI divergence it seems the selling momentum is faltering. A tight stop-loss and appropriate position size must be used given the high risk prole.

The Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose. Forex, futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, futures and options markets. Don't trade with money you can't afford to lose.

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