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usdjpy's mount fuji
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[QUOTE="hayseed, post: 54165, member: 5898"] 0 usdjpy trades closed last week.... maximum drawdown was little over 7k..... daily coils continue to tighten..... all indicators, except zigzag, suggest to a continued possibility of further weakness ...... zigzag is mentioned here due to the fact that it has now painted a down leg on the 1440 chart.... 'buy the dip' traders will often wait for that very down leg.... of course it could extend further down, but that is immaterial in their mind..... currently little over 7 standard lots are 4k under water..... no plans for new trades this week unless some are closed first.... prepared for large equity swings.....h [/QUOTE]
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