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I generally do not use stops on day of entry, but today I have placed
a protective stop at entry price for AUDJPY, as I think that market
is a bit volatile right now and tomorrow may be a better time to re-
enter short on a stronger signal if I get stopped out today,
meanwhile EURJPY is on a breakout to the upside. Ofcourse everything
could reverse tomorrow...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx> wrote:
> I'm just curious, if the Yen is weakening, I can understand why
> EURJPY (entered long last week) is going through the roof but I
don't
> understand why my prediction and subsequent entry of shorting
AUDJPY
> today at 1st level of resistance (later exited today at break-even
> price) and doubling up at 2nd level of resistance is also making
huge
> gains now. Natuarally I'm in ecstacy... What's happening in
Japan?
> Maybe AUDJPY may be a good short play at MOO for the next session
(5
> PM EST tomorrow). OOPs, shouldn't have said that, I'm a contrarian
> and suppose to contradict the whole world (all 6 billion of them)
and
> can't afford to have the world following me... ^_-
>
> rgds, Pal
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Well, maybe 9800 will hold. ^^_^^ Currently 9,812 on the cash
225.
> >
> > Even Sony has gone red now, as the weakening yen (based on a
diving
> > market) is failing to stem the tide right now. I see a long
> > procession of margined longs in the distance. They are heading
> toward
> > a guillotine. There is a huge guy wearing a black hood. Heads are
> > rolling. ^_-
> >
> > Yuki
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