Look at this classic set up on $/Y.....

[GotGold]

Shown something similar before, but thought todays action warrented an up date.

Classic set up, very interesting to see how this plays out.

 

[Bigbusiness]

Nice chart. I have attached a .gif version, as it will be easier to see for those without Word.

 

[GotGold]

Thankyou
Please could you explain to me how you attatched this thumbnail.

 

[Bigbusiness]

This will probably seem complicated but it is quite easy when you do it a few times.

I use this free software:-
http://www.irfanview.com

I opened your document and did a screen capture. I use Windows XP and I just press the 'Print Screen' button to do this(on other versions of windows I think you have to press 'Ctrl' and 'Print Screen' at the same time).

Then I open Irfan View and press 'Ctrl' and ' v '. This pastes the image in to the program. To crop the image, I press and hold the left mouse key and move it to select the area I want. Then I press 'Ctrl' and ' y' to crop the selected area.

Then press 's' to save and select 'Gif - Compuserve GIF'

Save the file and attach it to your post.

 

[GotGold]

TEST......

 

[TWI]

I think that fundamentally Yen is best play vs. dollar over the medium term. Other good options are commodity currencies like AUD and CAD. Pretty sure these will provide better return over the next 12 months than EUR longs.

 

[GotGold]

Good trade so far.....this ones running now.