Long AUD/JPY Trade Done
29/10/08 19:00
Hello Pro Traders Club Member
AUD/JPY moves 800 pips from trade call level.
As you recall, i suggested a long trade on AUD/JPY or short JPY on other crosses. Due to the intense nature of the markets recently, i regret that i did not have time to produce a PTC video to explain the trade and its parameters. Any time a trade suggestion is made, in any capacity, there will be blind aspects of the trade to everyone with the exception of the individual who has called the trade, because we all view the market and price action differently.
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AUD/JPY moves 800 pips from trade call level.
As you recall, i suggested a long trade on AUD/JPY or short JPY on other crosses. Due to the intense nature of the markets recently, i regret that i did not have time to produce a PTC video to explain the trade and its parameters. Any time a trade suggestion is made, in any capacity, there will be blind aspects of the trade to everyone with the exception of the individual who has called the trade, because we all view the market and price action differently.
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Start Selling JPY, particularly against high yeilders
24/10/08 09:59
Hello Traders,
Start Selling JPY, particularly against high yeilders - Long > AUDJPY
We can start to build some traunches on long AUDJPY starting here at 56.12 and lower only, currently it is NYSE market open, as I write this. Place 0.25:1 gearing on your traunches to 1:1 max (four traunches) risking max 2% of equity on total traunches. Take profit on each traunch separately as price moves above using discretion and price. Today should spike down and we should see an equities rally in the next 5 trading days. Look for carry this position for several weeks to a few months. I will update in Pro Traders Club.
Good Luck with your trading and be careful out there.
Chris
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Start Selling JPY, particularly against high yeilders - Long > AUDJPY
We can start to build some traunches on long AUDJPY starting here at 56.12 and lower only, currently it is NYSE market open, as I write this. Place 0.25:1 gearing on your traunches to 1:1 max (four traunches) risking max 2% of equity on total traunches. Take profit on each traunch separately as price moves above using discretion and price. Today should spike down and we should see an equities rally in the next 5 trading days. Look for carry this position for several weeks to a few months. I will update in Pro Traders Club.
Good Luck with your trading and be careful out there.
Chris
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USD can't find reason to rally amid the negative sentiment and data
02/07/08 23:43
Naturally, the USD can't find reason to rally amid
the negative sentiment and data. ADP employment
reported showed -79k contraction in the private job
markets, much worse than expectation of -20k.
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