Short EUR/JPY

Someone sent me a link to a guy that teaches a forex course. Does anyone know something about this? I watched one of his videos (click link to access the videos) and he sounds british. He says he turned 15k into 22K in 30 minutes in one of the videos showing OANDA screens! I have hard time to believe it, but he has screens showing the balances. He must use a lot of leverage, that is for sure.
 
Quote from TRAS:

The weekly chart shows more weakness in the Us markets because it retested the weekly lows and is heading up look at that bad ass hammer. Watch this level carefully>>>>>>>Highs at this level on the weekly! It will retest the high next week. Sorry guys no more cheap gas!
More...

I did not understand this post. Could please re-explain it?
 
You have to look at the weekly crude oil chart June and look at the hammer. You have to know the bar pattern to see the upside potential. It already tested the down side and closed at the upper part of the weekly candle forming a big hammer above the doji ( candle like a small cross). formed about two week ago. The cross over point for the trend. Than you look for strength at the crossover point and the hammer confirms the up trend because of the big tail testing support, and close near the top of the last 3 candles. Have a good week end!
 
Your talking about the 158.54 E/J area.
I could see that over nite to retest old support. It going to have to fight through the 240 trend line first.
 
You must log in or register to reply here.
Back
Top