Monday, October 20, 2008

Trading The AUDJPY

Things are looking much more even-handed today than I've seen in a while.

In fact, I was so impressed by the fact that the AUDJPY was following my charts again that I decided to do some trading today. While my account is very small, allowing me to be a bit risker with my trades, I did manage to scoop in about 3.5% of my account's NAV (Net Asset Value) by catching some nice movements.

Why am I trading the AUDJPY?

I guess the best answer is because it's what I know. Or, in other words, because I can.

Tune up those charts!

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