Tuesday, January 27, 2009

2 Things

#1. We've slowly started to lift higher this week as I was saying last week that we should. We broke the down trend line from the past several trading sessions, so things are looking good. We still have a few economic indicators left to get through and that could really determine whether we stay up or go back down to last week's levels...Personally, I think net/net we'll stay up for the week.
#2. I've revisited a trading strategy and I'm going to focus a lot of my time on learning this system for currency trades. It's called "Ichimoku Kinko Hyo". The picture of the system is below and don't ask me how to read it or what it even stands for because I have no idea. The 'expectancy rate' is high for this so I'm hopeful it'll produce good results. I'll keep you posted and yes, I'm a nerd; an ambitious one at that!


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