Today's Cluck forex betting tip USDJPY

[cluck]

The USD/yen has peaked at over 107.1, hitting the resistance on its 3 month decending wedge. Get on betonmarkets and bet that it will touch 105.41 within 14 days. Chances are it will reach 105 by then, but you can make a quick return betting a large amount on that and waiting for an intraday low within the next few hours/days. You may want to put a trigger to sell at 105.6. It will most likely pass through today's low again as price decends so this will lock in a profit.

I placed my bets already and I'm confident it will continue to fall steadily for the rest of the day. It may, however reverse again at 106.4, creating a new resistance. If it does, wait for another peak and buy more. Judging by the 3 month pattern whatever the intraday pattern is it will pass through 105.6 again.

Here's one of mine:

Win USD100 if, at any time before midnight GMT on 2-MAR-04 [inclusive], USD/Japanese Yen touches 105.41 (ONE TOUCH).

[ytcracker]

ps i do my forex trading at www.oanda.com i dont know where cluck gets his done

edit wait i see he does bet on markets

[cluck]

Originally posted by ytcracker
ps i do my forex trading at www.oanda.com i dont know where cluck gets his done

edit wait i see he does bet on markets

www.betonmarkets.com

I bet on them and sell as the odds get better, therefore making my bet more valuable.

[cluck]

Looks like it's going back up. Could be another good opportunity. Hopefully it doesn't make much of a new high, because that might be a sign of a breakout and I want the pattern to keep going.

Well, hopefully it's good but if it isn't a failed signal is one of the best indicators there are

[hetomito]

I usually play with EUR/USD and I believe it will hit
1.35 in 2-3 months.