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Alias Born 09/29/2008

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Saturday, 12/06/2008 9:32:25 AM

Saturday, December 06, 2008 9:32:25 AM

Post# of 140146
Morning FX traders. Yesterday was indeed a crazy day. Amazing to see how the chart moved on the horrific non-farm news. Just goes to show that markets price in news and do not react as you would expect. As you know, I've been closely following the downward demise of the USD/JPY. I closed all of my shorts before the morning and whaddha know it skyrocketed up more than a 100 pips. I wish I could say that I picked such a reversal, but I didn't. Lucky enough, I didn't have any trades, either short of long, in play. But I did jump in for the ride and make some nice gains on the ride up.

Didn't post too much yesterday because I had a busy day at work and then went out later. Looking forward to the week ahead. FX is sooo much more fun than equities. Plus you can hone your skills 24/7. What more can you ask for?

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