Aussie / JPY Update Thursday 31st May 2012 17:18hrs

Aussie / JPY

Price has made a new low and my limit order at 75.75 has NOT been hit.

The low on the chart is 75.732 therefore the order was missed by 3.2 pips. (This is beacuse of the 5 pips spread)

The chart was oversold on all the short term time frames.

Therefore on seeing price bounce just shy of my limit order, I decided to push the stop down to lock in 4% profit (180 pips).

The stop has been hit and I have been taken out of the trade for a profit of 4%.

Chart below

 

I am looking for the next strategy trade and I will update again once it has been identified.

Hope you have a good evening

Best Regards

Aussie / JPY Update Thursday 31st May 2012 06:19hrs

Aussie / JPY

The news last night has helped push the position to a new low of 76.22, this is 47 pips from the target of 5%.

There is more data from Europe this morning and the US later today, in the form of German Unemployment change, ADP Non Farm and US Prelim GDP.

I would expect a pullback at some point before an attempt at a new low.

I have moved the stop loss down to lock in 1% profit.

All that remains is wait for the limit order to be executed at 75.75

Should the target not be achieved today, I will continue to move the stop loss down using a moving average as a guide.

Either the stop will be hit or the target will be achieved.

Chart below

 

I hope you all have a great day.

Best Regards

Aussie / JPY Update Wednesday 30th May 2012 18:45hrs

Aussie / JPY

The position is running nicely and is in profit by 2.8% at the time of writing.

There are Aussie news and JPY news announcements at 02:30hrs & 00.50hrs tonight respectively.

News Calendar below

 

I am hoping that this will help with the final push to the target tomorrow.

The stop will remain at break even over night and I will look to lock in profits tomorrow morning.

Chart below

 

I hope you have a good evening

Regards

Aussie / JPY Update Wednesday 30th May 2012 11:16hrs

Aussie / JPY

AJ has made news low through the morning session.

The trade is currently in profit by 2%.

The stop remains at break even as I expect at some point there will be a pull back.


Chart below.

 

I will update again this evening.

Regards

Aussie / JPY & Kiwi / JPY Update Wednesday 30th May 2012 05:23hrs

Aussie / JPY & Kiwi / JPY

Aussie / JPY has made a new low over night and I have moved the stop to break even removing the risk from the position.

I have set a limit order for the target of 5% at 75.75.

Chart below

 

Kiwi / JPY was unable to remain below the trend line break level and has been stopped for a loss of 1%. Price is now back at the entry level.

Chart below

 

I will update again on the AJ position later today.

I am looking for the next strategy trade and will update when it has been identified.

Have a good morning

Regards

Aussie / JPY & Kiwi / JPY Update Tuesday 29th May 2012 17:39hrs

Aussie / JPY & Kiwi / JPY

I have been triggered in to the trades.

Both positions have made new lows, however I am unable to move the stops just yet as this would risk being stopped at break even.

I will monitor the positions over the next few hours to see if I can move the stops to remove risk.

I will update again when there is something new to report.

Have a good evening

Regards

Aussie / JPY & Kiwi / JPY Update Tuesday 29th May 2012 14:00hrs

Aussie / JPY & Kiwi / JPY

I have orders to enter short on the above. Levels and charts below.

Aussie / JPY

Entry: 78.00

Stop: 78.45

Target: 75.75

Kiwi / JPY

Entry: 60.30

Stop: 60.60

Target: 58.80

I will update again once the trades have been triggered

Regards