GBPJPY analysis – dragonfly at daily??
February 1, 2009 by admin · Leave a Comment
daily chart – as of 11.30 am Malaysia
A dragonfly candle has appeared on the daily chart. Should yesterday’s low (126.49) is broken, this might signify a beginning of downwards move.
As I was away from chart this morning, I entered my sell position a little bit late. However, my position is currently at +50. [-o< Now thinking to hold the position for a few days. > 
UPDATE: 6.00 pm - tough trading day #:-S all my sell positions stopped out at +1 decided to wait until price breaks this morning low otherwise I will stay out 9.00 pm - at last, a bearish candle came out on the hourly chart hopefully, the beast keep dropping... [-o<9.35 pm - some US news caused the price to whipsaw stopped out at +1 re-sell at 128.26; SL locked at +1 again =))10.27 pm - closed at +40 done for the week lesson for the day: DO NOT TRADE DURING MONTH END
