Forex Traders, claim your FREE gift from Japanese Finance Minister…
It’s like mana from heaven…
… and it could be yours, if you were trading in the unholy hours of Sunday evening (NY Time)…
Here is the scoop: Japanese Finance Minister Fujii surprised the market late evening by hinting that Japanese government will not intervene the market, allowing free regin over the recent JPY strength. The result of this little verbal diarrhea caused some massive movement in the JPY crosses only comparable to the likes of 2008 carry trade capitulation… needless to say, USD/JPY went as low as 88.24, dropping almost 200 pips in a matter of few hours, taking out all previous support in all jpy crosses.
Then almost like magic, our good ol’ Fin. Min. Fujii retracted his statement, saying that he did not say what we thought he did say, but what was said was not what he intended to say in the first place, and that we should just ignore what he said first and concentrate on what he didn’t say… well, you get the picture, he basically was saying that he didn’t say whether or not the Japanese government would interfere with current JPY strength, and by appearing to have given up the “right” to exercise intervention, market took that as a rather bullish sign for the yen, so he reiterated that Japanese government does “reserve” the right to intervene, but not in so many words as to spell-out “intervention”.
As a fundamental trader that understands the market, this was a golden opportunity. As I heard TTN’s newswire while working on the weekly outlooks last night about Fujii retracting his “previous” statement, I jumped into the trade room and issued a BUY EUR/JPY order based on the news and Market Cycle; and we held on to the trade for about a few hours, making good 50 pips with minimum drawdown…
So what is the moral of this trade? I truly believe that if you understand the fundamentals, which is not all that hard, you can be the first movers in the market, while 99% of traders still have no idea what is going on, you’d have already gotten in a position 20 to 30 pips ago…
Or you can opt for the next best thing, join my trade room and signup for the SMS update… Simple, straight forward, and Profitable.
Henry,
How do I contact you? I have a question on the exact hours for market cycle/reversals. The ebook it’s a little obscure.
Anthony: Email me at henry [at] newsprofiteer [dot] com
Henry
Henry,
How do I contact you? I have a question on the exact hours for market cycle/reversals. The ebook it’s a little obscure.
Anthony: Email me at henry [at] newsprofiteer [dot] com
Henry
You are doing a great job that only God can reward you abundantly. Your free trade alert is very good, I don’t miss it.
You are doing a great job that only God can reward you abundantly. Your free trade alert is very good, I don’t miss it.
Helo Henry, u posted the FREE GIFT from Japan Minister, but u still not post the 24 & 25 US existing & New home sales video up… as u promised will post on 25th Friday?
Existing Home Sales was posted, New Home sales was not since we didn’t take a trade and my PC sort of crashed. Sorry…
Helo Henry, u posted the FREE GIFT from Japan Minister, but u still not post the 24 & 25 US existing & New home sales video up… as u promised will post on 25th Friday?
Existing Home Sales was posted, New Home sales was not since we didn’t take a trade and my PC sort of crashed. Sorry…
hi Henry. Gee, I’ve been waiting for news of how to join your trade room for so long. Is it open for subscription, or did I miss the details? Pls let me know. Thanks so much
Chialee:
It is still not ready yet due to some technical difficulties. I am working hard to launch it in the next couple of weeks, and rest assured I will post the link on the blog and send invite to my subscribers… so if you have not subscribed yet, make sure you fill out the form at the bottom of my blog.
hi Henry. Gee, I’ve been waiting for news of how to join your trade room for so long. Is it open for subscription, or did I miss the details? Pls let me know. Thanks so much
Chialee:
It is still not ready yet due to some technical difficulties. I am working hard to launch it in the next couple of weeks, and rest assured I will post the link on the blog and send invite to my subscribers… so if you have not subscribed yet, make sure you fill out the form at the bottom of my blog.
Hello Liu,
What do you mean by “join my trade room and signup for the SMS update? Do you have trade room? If is there, Could you kindly guide me for me to join in detail?
Thank you.
Jing:
It is not yet ready, but it will be. I have a few members in a very small trading group (less than 10 ppl), and I will open for public registration hopefullly in 2 weeks. Thanks
Hello Liu,
What do you mean by “join my trade room and signup for the SMS update? Do you have trade room? If is there, Could you kindly guide me for me to join in detail?
Thank you.
Jing:
It is not yet ready, but it will be. I have a few members in a very small trading group (less than 10 ppl), and I will open for public registration hopefullly in 2 weeks. Thanks