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Thursday, August 6, 2009

Taking Advantage of Remaining USD/JPY Strength

Hi Traders,

I am placing an order to sell a couple of units of USD/JPY should the price squeeze a bit higher.

USD/JPY
Sell 1 unit at 96.300, stop loss at 96.720, take profit at 95.73
Sell 1 unit at 96.500, stop loss at 96.720, take profit at 95.25
Risk: 42 pips, 22 pips
Reward: 57 pips, 123 pips

ALSO! Please note that twitter is down! I've been trying to post my updates on twitter but I've been having trouble. Hopefully they will get the problem rectified soon.

From the Desk of
Aaron Reid

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