Trading the Japanese Yen (technical analysis)
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Charting techniques use several Moving Averages,
stochastics, tick count, a Moving Average Convergence-Divergence.
Support and resistance levels are also a factor. |
| Program has averaged at least 100 pts per day for the last
year, with NO major draw downs. |
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1 Point in the Japanese Yen = $12.50 US. |
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January 2000 for example would total $32,937 per
contract (minus commission), which is over a 600% return per contract
for the month. I am still working on timing which is critical, and
frequently miss entry/exit points. I'm still working on it
though. So far it is a potential gold mine -- not a real one
yet. But it's there just the same. |
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Check out the book list if you'd like to learn more about Japanese Candlestick Charting techniques. I find them significant and very important. |
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Here's the results for 1999 and 2000 to date:
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| Month | 1999 | 2000 |
| Jan | ** | 2635 |
| Feb | ** | 2528 |
| Mar | ** | 3330 |
| Apr | 1010 | 2153 |
| May | 1578 | 3261 |
| Jun | 1323 | 2693 |
| Jul | 1213 | 1977 |
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Aug |
1850 | 1828 |
| Sep | 2853 | * |
| Oct | 1869 | |
| Nov | 2096 | |
| Dec | 2099 | |
| Total | 15,891 | 20,533 * |
* Indicates not complete still working ** Indicates no records
| Trading the Japanese Yen (charts)Candlestick charting is very important in determining market direction.
Please check
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One minute chart of September Japanese Yen. Used in conjunction with Five minute chart. Candlestick patterns frequently indicate an impending change of direction before any other indicators. (click on chart to enlarge).
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Five minute chart of September Japanese Yen. Used in conjunction with One minute chart. Five minute is used for directional trend indication. (click on chart to enlarge).
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