Tuesday, December 23, 2008

A Pop And A Drop

In my last post, where I gave an audible AUDJPY signal, I suggested that we were coming up to a decision point for the AUDJPY.

My take was that we'd see a drop.

It took some patience, but after carefully accumulating a few positions on the way up I was rewarded with a nice quick profitable drop. While I would have done better playing for the pop and keeping an eye out for signs of a drop, I really don't mind.

Maybe next time I'll play it better, but as the saying goes, all's well that ends well.

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