What a few odd day of trading especially with the US Dollar gaining strength as indicated by the US Dollar Index Fund (DX-Y). Luckily my other position was a Yen cross which appreciated rapidly due to the subprime mess that is going on.

AUD/USD:

  • After reaching the vital 0.9000 region, the Aussie crashed back 200 pips to the 0.8800 region due to the short-term strength by the USD.
  • Previous position was placed at 0.9012 and was stopped out at 0.8980 for a total loss of -32 pips.

CAD/JPY:

  • Similarly with other Yen crosses, the Yen appreciated 200 pips as traders unwinded their carry trade positions to buy back the Yen due to risk aversion.
  • Previous position was entered at 105.94 and reached the profit target of 104.05 for a total gain of +189 pips for this trade.
  • Total result equates to 157 pips which isn’t too shabby.

CAD/JPY Results




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