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Tuesday, March 13, 2007

Ugly

Another problem with entering too soon.

My 118.39 USD/JPY hit its stop of 116.34. Loss of $173.22.

My 117.72 USD/JPY is still in play with its stop of 114.40.

Not sure what USD/JPY is doing. The TSI has no gap, but the CMO continues up and the TCF's gap is closing.

I think I'll start looking at the 1, 2, and 4 hour charts. I stayed away from them before because I can not look at the market while at work (blasted firewalls).