As you know if you follow our forex investment blog we have been long the AUDJPY for over 2 months now as you can see from this post (Forex Investing – AUD/JPY Trend Change – Go Long). Our initial entry position was at 62.15 with a 2% capital risk and 125 pip stop loss. The [...]
On April 10th we updated you on the AUDJPY trade we made in the managed forex account in a post called (Managed Forex Account – AUD/JPY Taking a Profit) where we had sold half of our 2% capital position after gaining 1,000 pips and to give us an 8% gain on the overall account.
We are [...]
This week has given us some big changes in the 1% point and figure charts. This chart is considered longer term so any changes in the trend is a big deal. It looks like the Japanese Yen (JPY) is getting weak and that is where we see many of the new trend changes. It also [...]
The AUD/JPY trade we entered 3 weeks ago that you can see on the blog posts (Forex Investing – AUD/JPY Trend Change – Go Long) and (Forex Investments – AUD/JPY Update) has done very well so far. We entered the trade at 62.15 on a pull back to the trend line and have now seen [...]
Since July/August of 2008 the JPY has made considerable gains across the board against every major currency. There are many fundamental reasons why people claim this happened with the most common being the unwinding of the carry trade. No matter what the reason all we care about is what the chart tells us. Lets take [...]
