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usdjpy's mount fuji
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[QUOTE="hayseed, post: 50445, member: 5898"] [b]swings[/b] //----- past couple weeks have been painfully slow..... etrade account increased equity, balance and lots while decreasing average open price by 100 pips.... now 4.1 standard lots with average price of 98.01 ...... usdjpy trades are about 2k in the red..... ibfx account has 6.39 mini lots and they are about 600 in the red..... 98.42 average price..... //----- don worden , of tc2000, said many years ago that we should not hold longs thru major corrections of uptrends...... the thought being if your at a point where you can close profitably and the price is moving against you, close and renter lower...... [I][B]if [/B]it works out[/I], you will raise your equity and balance while at the same time lowering your average entry price...... the current usdjpy correction ,to me, is a bonus, but might have some further fall left in it....... i expect big +/- swings in equity for several months....... will continue to add on excessive weakness and sell on excessive strength....... prepared to see 95......h [/QUOTE]
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