Monday, January 7, 2008

AUDJPY At 100 Pips

So, if you followed the advice in my last post you'd be sitting pretty with some AUDJPY carry trades profitable to the tune of 100 pips.

So, while I'm sitting on a nano-account, if things continue to go up I'll be able to accumulate more and more position at very little risk. Why? Because all of my positive positions have a stop loss set at a point that ensures that I cannot lose money on those positions.

So, while I might be stopped out of my carry positions, I can always add one more small chunk to my holdings once the last has become positive. It's great. Using my locked in profits I can afford to hold more and more carry positions until the market reverses again. It could be in an hour, perhaps tomorrow when the DOW trades, or next month.

Until then... I'll happily accept my interest payments. Cha-ching.

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