More Selling in JPY Crosses (3)

Just Following The Trend. Finally, I am back into action after missing some good entries as mentioned earlier. This time, I had plenty of time to make up my mind and to place a short trade in AUS/JPY.

My entry was 106.55.
First lot exit at 106.28 (+27 pips)
Second lot exit at 106.07 (+48 pips)

I was being flexible too. My initial targets were set to 30 and 60 pips but I was happy to close out early (grabbing fast pips).

AUS/JPY 15 min-chart


(1 Million Goal: 6/88)

Fast Selling in JPY Crosses (2)

Market pulse: Yen Advances to Four-Week High Against Euro on Risk Aversion

"The risk aversion we're seeing is leading investors to reduce carry trades. The yen is benefiting on the crosses."
"Japanese retail investors are selling the yen across the board amid the currency's rally."

Last Friday, I mentioned that we could see more downside in the JPY crosses. Since then, I adhered to my stance and it had rewarded me with +83 pips on the short AUS/JPY position. There were just too many short opportunities around but I could not keep up with the fast selling action. This morning, I missed some good entry points in EUR/JPY and CHF/JPY. Although I am out of position, I feel like I am "in control" and able to "understand" the market.