Delusions - The kind of analysis you dont want to read - 2

Here we go again.

"JUNE JAPANESE YEN -- The market posted the lower close
of the downward trend on the projected reversal date and
the 161.8% Fib extension. Since then, the market has
drifted away from the centerline and appears to be forming
a bullish TR pattern. Friday's session closed above the
20-day SMA, while Monday's session pulled back and closed
slightly below the SMA. This is typical market action and
provides a buying opportunity. -- Buy the Japanese yen at
9775 stop, with a protective stop at 9600."

Out of sheer kindness, I am keeping the attributions out
of these posts. I want to draw your attention to the
175-pip risk, with no reward mentioned anywhere. I call
this kind of analysis the worst word I can think of
calling it - "daily wage literature".

By the by, at the bottom of the page where this analysis
is from is the following legend -

*Due to the volatility of the markets, all trade
recommendations are subject to change without notice."

Talk of covering your backside!

What I will reveal to you as this blog unfolds, and
which I will back up with every monthly statement
from my account, is how to make money irrespective
of market volatility. I will not make a recommendation
with the proviso that it may be defunct tomorrow.

A few articles back, I had mentioned the 2nd principle
of my trading - "Do not predict; react!". That is just
the opposite of this stuff, which can be summed up
by "Predict away; but I may be wrong!".

Thanks for your viewership.