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Trading notes 07/07/15

The USDJPY started the morning with a good channel pop and pullback,
which set up several decent system sells into the lunch period. It then did a
round-trip of the whole move in the afternoon and ending up testing the
highs of that initial pullback. That is where we begin the evening session

My plan is to play sells off this test and unloading them back down around
the 122.24 area. I will also play longs above the test area on an opposing
channel pop and pullback. Targets to the upside are in the 122.90 and
123.15 area. Downside support is in the 121.70 area. If the sell pressure
kicks in I will unload runners before we get there.

I hope to see you in the room sometime. Be sure to use the bulletin in there
to learn more about some of the filtering we can use to reduce trades down
to the better opportunities as well as a video on how to draw the

Here is the
prior post. God bless you ~
selling in morning
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