So, it looks like we've had several days of sideways motion on the charts. I don't mind at all.As long as you buy on the low end and sell on the high end these are good times to play in the market too.For periods of non-trending action I like to watch the stochastic and RSI indicators. The stochastic are reasonable but they do give a ton of false signals. The RSI can help corroborate their
Tuesday, 7 April 2009
Thursday, 2 April 2009
AUDJPY Popped To 72.30
Labels: audjpy, thoughtsThough I had expected a downturn before the pop... the long flat period today in the 71.xx range clued me in to a possible spike.When the 15 min bollinger bands tightened up and the price popped above it, the clinch was in.I hopped on with a couple tiny positions, nearly instantly protected by stop losses, and grabbed a few pips on the spike.Now the question is, will the uptrend continue or will
Catching The Run To 71.00
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FX
at
06:37
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Did you ride the recent run in the AUDJPY to 71?I was lucky enough to grab and hold a chunk at 65.62 and I'm pondering whether or not I want to let it go.We've just had a double top on the 15 minute chart. The 1 hour is oversold. I think we are going to get some bounces upward due to exuberance, but it seems about time for a pullback.I've sold off the nibbles I also acquired on the way up. I
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