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Hi mervin,
we here at www.paratechnics.pair.com
agrre that usd yen could turn significantly higher we are currently focusing
on our daily trend signal at 121.30 coming lower 5 pips a day
we play this upside via usd call spreads ona 6 mnth basis are very cheap 123
agst 127 finaced by selling 1/4 of the nominal size of the the usdcall
spread so we sold 112 usd puts for zero cost
so mervin lets hope we are right and its great to see other real traders out
there who follow currecies
i called abt commodity currencies 2 weeks ago..... this is a brave one but
canadas gdp nos wrere very low i think usd cad is agreat buy at 1.4570 with
astop at 1.4470 looking for a retest of 1.4870 the sad thing is my model
stays long cad but i decided to take my profits in canada and will go with
the trend if 1.4475 goes
happy trading
-----Original Message-----
From: Mervin Yeung <tinyeung@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, April 30, 1999 5:25 PM
Subject: Jap.Yen Futures
>Hi RTs,
>
>I am looking at Yen Futures (June) and there is a triangle pattern. We
>have to wait and see which way it is going to break out. Fundamentals
>suggest that it shall break out at the downside. (i.e. Yen depreciates
>against USD.) Technicals suggest that it shall break out at the
>upside. This market will be fun to watch.
>
>This is my personal opinion, not trading advice.
>
>Mervin
>
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