EURJPY 2009-10-30 Analysis

This is a trade analysis that I have done when I helped someone when he attempted to go long.  He used some indicators and had all stars aligned, yet it was still a fail trade.  My key message was "You cannot trade blindly, it doesn't matter what is happening in the equity markets", as he was arguing that stock market is bullish, so this pair must be bullish.  Trade what you see and not what you think!