Yen Cross Spike

Guess who was lucky enough to wake up at 4:00am this morning?

At around 4:20 there was a massive spike in my AUD/JPY holdings. I'd accumulated some positions on the way up from 58.xx and unloaded them as it made a 63.xx rocket launch. Checking out my news sources it seems that various stops were triggered. Given that market conditions were thin the price went nuts.

Anyway, though my open trades had been hampering the idea of swing trading, I've cleared my plate realizing a 36% one day NAV gain. Holy crap.

I have to say it was hard to unload my positions while the price was going through the roof... but now, as the price dips, it was obviously the right move.

Earning While Sleeping or Catching The Top

This morning I wake up to verify that I've made about 30% of the NAV (net asset value) of my downside trading sub-account. Sweet!

How did I do this?

I have been charting the AUDJPY for several days. There is a clear down trend and at 7:30pm last night the price touched the top of the trend. From there I'd been able to accumulate short positions, setting protective stop losses before opening up another position.


Needless to say, I ended up with a large portion of my account value in sold positions, without assuming undue risk.

If the trend lines hold, and I hope they do, I'll be accumulating long positions at some point later today.

NOTE: The chart is a bit squished and perhaps complex, as I've got trend lines based on various high and low points, two different averages, one MACD, and some Bollinger bands. However, I've highlighted the significant top touch that set off my sell strategy.