Day trade the Japanese yen and the euro wisely (text only page) (mobile)
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Important Notes:

Description: The Yen Plan is a step by step daily trading plan to trade the Japanese yen (margin trading).
Price: Costs $50.00 per day regardless of the result.

   * Wherever a Buy or a Sell is mentioned in The Yen Plan, it means Sell or Buy the US dollar. Example: if we Buy the yen at 100.00 and at the end of the day it goes to 99.00 then we make a profit.
   * If you are trading yen futures you should do what The Plan states at the equivalent of that spot price in the futures rate. One simple way to do that is by monitoring the spot and the futures rate at the same time, and once the spot price indicated in The Plan is hit, place your order in the futures market. Use the same strategy to exit according to the General Rules below. For example: if The Yen Plan suggests Buy yen (sell dollar) and the yen goes from 100.00 to 99.00 in the spot rate (Forex) you make a 100 points in profit. At the same time the yen futures price may go from 0.010000 to 0.010101 making about 101 points in profit. In such futures scenario you want to Buy the yen (sell dollar) as well.

 

General Rules to follow while trading according to The Plan (yen and euro):

    Rule #1. (exit rule based on time) The Plan is sent a little after 01:00 a.m. California Time - Pacific Time. All open positions must be liquidated by 23:59 Monday through Thursday and at noon on Friday.
   
Rule #2. No hedging (having Buy and Sell positions open at the same time).
   
Rule #3. The trading account recommended to apply The Yen Plan is $25k ($50k would be great). This may vary depending on margin requirement. Visit account size page for details.
   
Rule #4. If a target price from the Targets List is hit exactly, or plus or minus up to three points a.k.a. Target Zone (TZ) look at the hourly chart. If the price continues not to break that TZ during the next hourly bar, then take the profit (or loss) on the opening of the following hour a.k.a. Potential Exit Hour (PEH) on one condition. See the F A Qs page for exit strategy.
   
Rule #5. A change in the interest rates, banks' interventions, major political and economic events, and acts of war may have an adverse effect on The Plan.
   
Rule #6. You must use the same data feed I use in order to apply The Plan correctly. Visit the charts page to get the needed information.

If you need to find out what time it is now in Pacific Time go to:  

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