[Post to document frustration with my own trading].- Established fresh short AUD/JPY last Friday on weekly UpTL break.
- 2 days later .. RBA rate hike (half anticipated) and BOJ QE (unexpected). AUD/JPY +1.3% today.
- Just as well that given the bad run over the past few months, size of new trades have been much reduced. [Gartman : "Do more of that which is working, do less of that which is not"].
- Still, chart looks like a sell, especially into this current rally.
- The trick is to scale positions "optimally small" so that moves driven by unexpected events such as these become background noise and accepted as part and parcel of the game. Stay in trade until chart outlook changes.
01 December 2009
AUD/JPY : Unlucky? or Crap?
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