Wednesday, January 16, 2008

Buying AUDJPY Under 94.00

I don't know about anyone else, but I'm excited to get my hands on the AUDJPY at current rates.

At the risk of repeating myself, since most visitors are new visitors, this is a great time to acquire small positions, building size as they become profitable and have been protected with stop losses.

Though it isn't easy, I've been working at bringing down positions that were purchased above current levels. Maybe trading a profitable position for an unprofitable position and then repurchasing on the next large downward movement.

Am I willing to call a bottom? Not a chance!

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