In a previous post, I had identified a head & shoulder formation in the FXY (Yen ETF).
http://www.traders-t...?...=143702&hl=
A break below the neckline projected a downside target of 104. Today, the FXY printed a low of 104.63, which is close enough for my work. I sold my Mar puts and am flat the Yen.
Too bad more of my trades do NOT work out this well.
Follow-up on the Yen H&S Formation
Started by
kssmibotm
, Feb 06 2013 06:00 PM
No replies to this topic
#1
Posted 06 February 2013 - 06:00 PM
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.