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*View on USD/JPY: again at the long standing maximums*
*Weeks forecast for USD/JPY
*+384 pips* - this is the trades result for the last week
USD/JPY is shifting focus to the January-February 122.10/122.20 double top.
Last week was the fifth week of declines for the Yen, the longest since a 6-week trend in September-October 2005. Last Wednesday 121.90 high would mark minor resistance before 122.10 next resistance. The main support is still at the 120.50 level.
*Script 1 (40%): Side exchange fluctuations within the 121.00-122.20 area. *
Next week the course is possible to remain in the region achieved of 121-122 (testing the January's maximum at 122.20), afterwards the further direction will get obvious (either break out 122.20 up or decline to the bottom of the fluctuations range).
*Script 2 (30%): A downward trend to 119.50/120.00 to the March trend line testing. *
An upward trend line lies in the 120.00 level region. It is very possible the pair decline to it, afterwards either a new upward impulse with the 122.20 level achieving/breaking may occur or trend line break down with a further decline to 118.00 (115-116 in prospect).
*Script 3 (30%): An upward trend above 122.20. *
It must not be ruled out the January's top level 122.20 break up. It may be both a short term impulse with a decline following to 121.00 and the beginning of an upward trend to 125.00 level region.
*Resistances*
121.90 - the last week resistance (a new May's minimum).
122.10 - the upper margin of the upward fluctuations channel.
122.20 - January, 2007 maximum - yearly resistance.
125.00 - expected rise target level if 122.20 breaking out.
*Supports*
120.50/70 - the last two weeks support.
120.00 - March rising trend lines, key support.
117.60 - April, 2007 minimum, upper triangle line support as well.
115.20 - March, 2007 yearly minimum - yearly support.
Quick question - I've been trading live with FreedomRocks since March and am just amazed at my results so far! I know we are not supposed to "share" our results in an open forum - but I see you've put your results in "pip" format instead of "percentage"
1) How do you figure out your "pip" profit
and
2)Is FR okay with this form of "results" sharing - as long as we do not say I made ##% for this month?
Congratulations on your positive results as well. Yes, now that we are no longer permitted to mention percentages of gains using FR, it makes it difficult to illustrate how positive our results are, but most understand a positive pips value in relationship to their own trading, so it says it all without saying it all, if you know what I mean. (g) Continued success to you.
Hi, Mike & C°,
great to read that FR continues to fulfill it's promises :).
Take care,
Hasse
Greetings Hasse,
Long time no hear, how have you been? Yes, unlike so many programs out there, FreedomRocks has indeed exceeded my expectations, in fact, probably by two times better than I expected. Although the networking side turns off many, I have just as many users who simply want access to program, and could care less about the extra income opportunity.
As you scan all the old posts on FR, it is amazing that we don't find any losers over the long term, just a few who got in at the wrong time in late Feb, but even these users are now back in profit by a long shot, and I don't know anyone on the negative side, so yes, they have exceeded my expectations and I am way up over the past year and a half.
It's funny how people are turned off by the "business" side of it even though it is completely optional. The system works...plain and simple, the business side is just a nice bonus.
Even though there are many "turned off" by the business side, I have to say...I have been in many other network marketing type things in the past and NEVER made money with any of them, However, this one I am actually making money with. The only "promotion" I have ever done with this is simply by having a blog and discussion in forums and in just five months I now have a downline of over 50 people! I have never called anyone (except my upline), I don't attend conference calls regularly, basically I have practically neglected "promoting" FreedomRocks for all but one month, yet people are still signing up.
The system actually does the selling for you so it is very easy. And face it...with all the "talk" about how well their system works...it is just a matter of time...people continue to get curious as they see others continually making money and eventually they hop aboard too. I did the same thing.
Whether you like networking or not....you can't deny how well the system works.
It's funny how people are turned off by the "business" side of it even though it is completely optional. The system works...plain and simple, the business side is just a nice bonus.
Even though there are many "turned off" by the business side, I have to say...I have been in many other network marketing type things in the past and NEVER made money with any of them, However, this one I am actually making money with. The only "promotion" I have ever done with this is simply by having a blog and discussion in forums and in just five months I now have a downline of over 50 people! I have never called anyone (except my upline), I don't attend conference calls regularly, basically I have practically neglected "promoting" FreedomRocks for all but one month, yet people are still signing up.
The system actually does the selling for you so it is very easy. And face it...with all the "talk" about how well their system works...it is just a matter of time...people continue to get curious as they see others continually making money and eventually they hop aboard too. I did the same thing.
Whether you like networking or not....you can't deny how well the system works.
Good points,
No doubt about it, the FR system works, and works very well to date, and with only one hiccup in markets over past year and a half, that is about as risk free as you will see in FOREX market.
I agree, the business side is less desirable attribute of FreedomRocks, but this is not news, most fail in businesses of all types, so the negative baggage of MLM is hard to purge from most peoples mindsets.
It is a sad reality about human nature, they will avoid MLM just because they failed at it in the past. As most quit before they succeed, they equate this to failure, never knowing how close they really were to true financial freedom.
I know many who have quit in my organizations, and then someone they had introduced to business turns out to be a superstar, and they are no where to be found. Now how close are you to true financial freedom? You never know, and that is the point of this explanation, if you quit, you lose, it is as simple as that.
Congratulations for your success, it took me over a year to reach 50, so it goes to show you, blogs are cost effective ways to promote any business, and you to be commended. Continued success is only achieved when you never quit, and your story proves it very nicely.
I should point out that of my downline of 50 people, I only personally sponsored 5! In other words, my upline and people from my downline have brought in the rest of them. So I am now making more than three times what my monthly fee is - mostly from the work of others. That wouldn't be possible in most types of marketing programs, but FreedomRocks binary plan makes it so that you can benefit from everyone under you, regardless of who brought them in.
Good luck to you in your continued FreedomRocks success! :)
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