Here we go once again. Less than 2 months ago we had lavish funerals grieving on lost beloved dollar of mine. Version 2.0 has started! The project continues and that means the idea behind it is still alive! As promised, I’ve made a sharp comeback in the beginning of April. Spring’s start, the rise of nature along with big hopes and expectations are coming up.
On the 10th of April new project – Intomillion has been started. To be honest, I was missing trading in my life and only in 5 days time made 9 month plan by multiplying my 1 dollar equity on 713%. It happened to be a very good beginning.
How I made it? It’s hard to stop gloating over EUR/JPY payback (which previously killed my first Intomillion dollar). SELL. SELL and one more time SELL. The whole picture looks very futuristic like 2008 reaction on USD rates increase and total sell of other actives.
The inflation expectation in Japan is 2% and there are more expectations than real thing happening. Buying up bonds has brought nothing but rapid reduction of JPY. Although, I have a lot of reasons for selling the pair. Technically, the pair is overbought and on Monthly chart has reached EMA 200. The last touchdown was in 2009, which is a good signal for a big correction. Plus, the pair couldn’t breakout physiologic level of 130.00, and USD/JPY of 100.00.
Talking in general, my forecasts were right and starting from 130,33 I was selling and selling till 126.00, perhaps, dropping price even lower.
To sum up, this is much better start comparing to Intomillion version 1.0 (take a look on chapter I ). I have a good feeling I will reach a million this time. Every trader can assure – it is very important to close the first deal with profit. It takes time and trying to reach highest peaks. I keep in mind all my previous mistakes and head forward foreign currency trade market’s ocean. I will end up a winner. Wish me luck!