I realised that different currency pair has different characteristic and therefore cannot be used to trade on the same strategy/method.
So is there any good suggestions in trading the USD/YEN???
Any comments are welcome.
Yes. Buy it, and hold.
P.S. Mind your Money Management.
Right, but at least he could earn some nice interest in the process (unlike those unattractive stocks). I did mention mind your MM. This pair is nowhere near its top as of yet. By the way, if some news comes out regarding a 15% drop in any of the Asian markets - then immediately liquidate your positions. Pretty simple , eh.
And by all means, if you need to contact me, I can be reached @ 1-800-don'tcallme-I'llcallyou
any good yen
get the 150, 200 ema's up on 4hour 1hour charts and see how market reacts at this area. I like it when it hooks under the 200 ema for a short and catches on top of it for a buy