Wednesday 19 September 2012

AUD/JPY Looks Like a Triangle in the Play

Earned money on this last night, while I was asleep, buying in again, this time lighter contract, because I'm relaxing, and I've hit my monthly goal.


Went long at 82.10, hoping to catch 60 - 65 Pips, risking about 20 pips. Japan's Aug. Imports fall 5.4% from a year earlier, not sure if this is bad for risk or bad for the YEN, or one might cancel the other out. I'll see in the next few minutes on the reaction.

2 comments:

  1. Very nice and helpful information has been given in this article. I like the way you explain the things. Keep posting. Thanks.

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  2. Thank you so much for the compliment. I do what I can to share knowledge. BTW, I got stopped out on this and lost $150 USD, but I bought in again near the low at 81.17 and that trade is still on and has so far earned back the loss and then some. Aiming for 82.65 on another 30K contract.

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