12-2-08
0:26a GMT – USD/JPY has fallen 200 pips in the past day and over 1300 pips in the past three months. Though I expect this to slow somewhat I am looking to sell the USD/JPY with the trend, as the bearish outlook persists. Nearest resistance is actually on the 1-hour charts (not very visible below) around 93.75. Eventually I will look for re-challenge of 91.00.
Trading Idea: looking to sell rallies above 93.75 on signs of a bearish reversal for a test of 91.00
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12-1-08
3:22a GMT – Happy December to everyone. Thanksgiving was a good time and nice to have an extra two days with the family. Back to trading! The EUR/USD has taken a steep fall after finding buyers of the dollar beneath 1.3100. Since we have seen a 400 pip drop to 1.2700 and I am looking to sell rallies heading into Monday trading. Strongest resistance is at 1.2800.
Trading Idea: look for areas of resistance on your trading time frame (1.2800 on the 4h) for bearish reversal signs. Looking for a return to 1.2600 and then another challenge of 1.2500.

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