I just could not resist posting this. It represents a great day of trading the AUDJPY leaving me with both profits and some low priced carry positions. What more could I want?I should note that I stayed with this pair for over 24 hours. The US Jobs report came out during the spikes outside the trend lines.
Friday, 2 November 2007
Trending the 5 min AUDJPY
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I've been having a great time spotting trends on the AUDJPY today. Well, of course, I have to point out that trends are good until they change. However, with that out of the way, I've been able to pick up some trends, identify channels, and generally advance my knowledge and confidence quite a bit.Sure, sure, I know, everyone can float in a rising tide, but check the charts today, things have
Monday, 29 October 2007
Forex Day Trading System - Where will the anti USD rally End?
Labels: EUR/USD, forex day trading, GBP/USD, pivot points, support and resistanceForex Day Trading System - Where will the anti USD rally End?USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to
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