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Note that day one of The Yen
Plan was on November 9, 1998
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The Yen
Plan for trading day...
Start with
the first step below and proceed through the following steps if the market
price moves to the level indicated by each step. Use the hourly chart as
your guide.
1.
Buy one Japanese yen (sell dollar) contract now at 107.61
2.
Buy one Japanese yen (sell dollar) contract at 107.78
3.
Buy one Japanese yen (sell dollar) contract at 108.14
4.
Stop loss at 108.24 closing all open positions.
5.
Sell four Japanese yen (buy dollar) contracts at the stop loss level. Targets
hit during the reversal hour to be ignored in that hour only. The new stop loss on the
positions taken by this step
would be at 4 points below the recorded low of the day at the time these
positions are taken.
Targets List Removed
108.24 (stop
loss)
Targets above apply in case of reversal according to the
last step of this plan
Yen Highs
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When this plan was prepared (1:00 Pacific Time) the yen was around 107.61 and the day's range 107.63 high
- 107.45 low according to yen hourly chart.
The targets in this list are used when applying (Rule #4) of The Plan.
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Yen Lows
Result:
1. One Buy at 107.61 out after the yen hit a
low of 106.70 as compared to target of 106.69 on the targets
list (Rule 4). Out at 107.15 = 46 points profit x $10.89 per point = $500.94
profit.
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Note that day one of The Euro Plan was on February 9, 2004
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The
Euro
Plan for trading day...
Start with
the first step below and proceed through the following steps if the market
price moves to the level indicated by each step. Use the hourly chart as
your guide.
1.
Buy one euro (sell dollar) contract now at 1.5623
2.
Buy one euro (sell dollar) contract at 1.5595
3.
Buy one euro (sell dollar) contract at 1.5560
4.
Stop loss at 1.5550 closing all open positions.
5.
Sell four euro (buy dollar) contracts at the stop loss level. Targets
hit during the reversal hour to be ignored in that hour only. The new stop loss on the
positions taken by this step
would be at 4 points above the recorded high of the day at the time these
positions are taken.
Targets List Removed
Euro Highs
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When this plan was prepared (1:00 Pacific Time) the euro was around 1.5623 and the day's range 1.5638 high
- 1.5610 low according to
euro hourly chart.
The targets in this list are used when applying (Rule #4) of The Plan.
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Euro Lows
1.5550 (stop
loss)
Targets below apply in case of reversal according to the
last step of this plan
Result:
1. One Buy at 1.5623 out after the euro hit a
high of 1.5752 as compared to
target of 1.5750 on the targets list (Rule 4). Out at 1.5709 = 86 points profit = $860.00
profit.
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