Sunday, March 18, 2012

BURY THE YEN....

You all recall that I warned about the devaluation of the Japanese currency weeks ago -- i.e. YENtervention...well, it hasn't stopped, and its not going to! LETS SMASH OUR OLD WWII ADVERSARIES WITH SOME FOREX BOMBS! AND LETS MAKE SOME MONEY!

TRADE 1, 2, & 3 "The BUCKET" -- 3 different types of currencies against the YEN!


1st in the BUCKET.....BUY USD/JPY
1 unit @ Rate: 83.40
1 unit @ Rate: 82.75
Stop: 81.75
Limit 90.00

2nd in the BUCKET.....BUY CAD/JPY
1 unit @ Rate: 84.00
1 unit @ Rate: 83.00
Stop: 81.50
Limit 86.50

3rd in the BUCKET.....BUY EUR/JPY
1 unit @ Rate: 109.80
1 unit @ Rate: 108.00
Stop: 106.50
Limit 120.00

TRADE 4 "BRITISH QE" -- Those pesky brits are, once again, attacking their own by devaluing their currency....so while the stiff lips suffer, LETS PROFIT!


The one and only British Basher....Sell GBP/USD
1 unit @ Rate: @ MARKET
2 units @ Rate: 1.5925
Stop: 1.6025
Limit 1.5650

TRADE 5 "QUE PASA!" - Lets face it...Mexico is going to get California back...and there ain't nuttin we can do about it...SO LETS PROFIT!


Pour the Tequilla Baby!....Sell USD/MXN
1 unit @ Rate: 12.65
Stop: 12.85
Limit 12.20

TRADE 6 "VIVA LAS VEGAS" -- This is my usual Big Gamble trade...for those of you who like risk


WHO LET THE NEW ZEALAND DOGS OUT? WOOT! (ok, I couldnt think of anything)....Buy NZD/USD!
1 unit @ Rate: @ Market
Stop: 80.60
Limit 90+

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