USDJPY: can this pair be the ultimate gift to the alienated cognoscenti?
We know or have read about NZDJPY and AUDJPY and now recently, CADJPY -- but this is a new ballgame. Why? The downtrodden, written-off, despised, retrograde USD has risen from the dungeon and delivered a comeback, upstaging all heretofore stars, except for perhaps CAD, among the majors.
nemesis, the applicable definition here .... one that inflicts retribution or vengeance.
To me, this pair represents the foundation of what Forex is all about -- namely, a resting place for one's funds, wherein one earns a Return, directly proportional to the degree of leverage used. Capital gains are a bonus in this regard, as the primary motivation and underlying foundation of the Forex is "Carry" -- aka a comfortable, relaxed and enjoyable ride.
Depending on how much you go in with, you could earn more than what most working stiffs in America are slogging their assess off for -- Americans are masters at converting Equity into Debt, having no savings, living from paycheck to paycheck with a window of no more than 2 months before its Salvation Army time -- that 50k in equity financing, applied to USDJPY -- with leverage -- could give one of these working stiffs his ticket to eternal financial salvation.
But we gots to get the direction correct!
Amen!
That's why I'm urging all technicians not to be too flippant about their analysis -- give it careful consideration and deliberation.
This is the mother of all opportunities and we are sitting right at the threshold.
Somewhere between 122 and 101 there ought to be a clear message as to intent.
My call stands as-is but it is no mental picnic knowing that ID's analysis, which I respect more than any I do any other elliottician's, is dead against my call.
Am I destined to go down in ignominous defeat in the face of the opportunity of the decade?
No comments:
Post a Comment