All the way back in March 2009 we took the trade to go long the AUD/JPY at 62.15 (Forex Investing – AUD/JPY Trend Chage – Go Long). Now almost 8 months later and the trade is still in an uptrend and has reached a high over 85.15 which is 2,300 pips higher. Today now in the 82 range we continue to stay in the trade as the trend has not changed.
We have been a little quiet here the past few weeks as we have been holding off on making any other trades. Most of the charts are looking over extended and need to see a big pull back or a long period of consolidation to make the charts look attractive.
We are still long the AUDJPY [...]
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 [...]
As you know we have been long the AUD/JPY for about 1 month now. You can read all of our post so far on this trade at the following links (Forex Investing – AUD/JPY Trend Change – Go Long) (Forex Investments – AUD/JPY Update) (Managed Forex Account – AUD/JPY Update).
The trade has gone very well [...]
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 [...]
Things are getting very exciting as we are seeing some major trend changes, mostly dealing with the JPY. I had talked about the EURJPY a month ago in two different blog post (Forex Investment – Has the JPY trend changed?) and (Go long the EUR/JPY?) showing that it looked like the trend was changing. We [...]
