This is it! Time to take a big bet on AUDJPY short

AUDJPY crossed the red line during May 6 madness, but I was hesitant as it may really have been a noise (and certainly the market’s rebound was substantial).

I am a short term trader, but looking at what I missed with EURUSD, I think this is the time to look at the woods…or even the mountain, not a tree. I take EURUSD as the drill for the real event.

Here is the weekly chart of AUDJPY. A while ago, I dared to present one possibility of AUDJPY hitting 35.00. Today, I sold the crosscurrency at 75.09. Stop loss at 80.10 (above the red line). It is a 500 pips potential loss! So, I keep the position size small initially, and I will increase the position as I get more edge. It is pyramiding.

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Real time trading tweets

The plan in the article may get rejected any time, so please check out my tweets on Twitter.

Current risk exposure:

Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
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From recent 100 trades (%)
About this graph

Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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