Cool.I'd been getting into the AUDJPY pair during most of the week. Now, most of my small nibbles have been taken out on the way up, at a profit, while I've sunk some larger carry positions about 120 pips below the current price.I like that!Anyway, as you know, it's very hard and dangerous to bottom pick, but if you don't mind accumulating some (manageable) risk, then you can (hopefully)
Friday, 21 December 2007
Thursday, 20 December 2007
Timing Market Entry
Labels: carry, entry, strategy, talk, trendsI've noticed that the Forex markets move both fast and slow.If you are busy sinking money into some carry positions, the market might suddenly decide to go sideways, or perhaps down, for the next week. So, you go underwater and don't get to lighten your load on subsequent upswings.However, if you are light in the market, a piece of news will drop and leave your jaw on the floor as you miss out
Wednesday, 19 December 2007
Theoretical Investment Strategy
Labels: audjpy, carry, strategy, talk, theoryI like to think about things, twist them around, and come up with theories.It strikes me, that as long as a market continues to move up and down, such as the AUDJPY, that every time you take a position, you are guaranteed a profitable exit if you are able to wait long enough.This leads to some interesting theoretical strategies if you are using a trading platform that doesn't penalize you in any
Tuesday, 18 December 2007
Overnight Trading
Labels: audjpy, bottoms, carry, talkAs I live in the eastern timezone, I get to trade overnight prior to the NY trading session on the next day.Last night I was able to settle some AUDJPY positions around 96.7, 96.8 or so. At the moment these are nicely profitable while the DOW futures are simultaneously positive.As far as I can tell, the US trading day pushes around the AUDJPY based on stock market movements. By this, I mean
Subscribe to:
Posts (Atom)