Tuesday, July 11, 2017
Holding Back and Watching
This 8 hour chart features spots where I added to gains in the AUD/JPY "Aussie against the Yen" there was a gap that filled after an April 23rd gap which was where I continued to add to the position. It is a type of trade that pays everyday the position is held, its what I have called daily roll. I collect as I am paid to wait. I did not fully believe it can get that high, I thought we as a collective would take risk off, and the Yen would get strong, but even though my theory was proven wrong, it was a good idea to add to gains. Each of the points with green arrows is a place where I continued to scale it, it makes it easier to manage the positions risk when I have something else to hedge against any potential downside. As of right now, it seems the last add is slightly negative. But I think NZD/JPY and USD/JPY make great hedges in the event of something happening to bring out the Samurai in the next few weeks.
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