Comments on: Yen crosses still moving higher; AUD/JPY leading the way

By: Sean Lee

Sean Lee — Tue, 28 May 2013 09:03:29 +0000

Hi Antonio, well done indeed, and yes I still think its a good idea to book 1/2 profits at this level. The Nikkei still looks prone to big sell-offs and if we get another tomorrow then USD/JPY will crash again and drag USD/CHF lower. Overall 95/98 holding range and nobody ever went broke taking profits 🙂

By: Yue

Yue — Tue, 28 May 2013 08:28:02 +0000

Thank you,Sean! I’ll wait for good entry for the trade,Heihei…..

By: Sean Lee

Sean Lee — Tue, 28 May 2013 08:25:21 +0000

Personally don’t like the idea Yue, but wud prefer USD/JPY instead of AUD/JPY. Wait for top to form on 15 min charts before entering. Risk-reward with 50 pip stop isn’t very good imho so wud prefer to sell near 10250 with 35 pip stop looking for 10185. Just my view.

By: António Batista

António Batista — Tue, 28 May 2013 08:15:28 +0000

Can i ask you a question about the USD / CHF? I have a entry point average of 0.92.
I had intend to follow your suggestion of closing half the position at 0.97, but I did not. A psychologic mistake. Now approaching those levels, do you think that remains a good ideia to close half of the position?

By: Yue

Yue — Tue, 28 May 2013 08:12:12 +0000

Hi, Sean
How about a quick risky short of USDJPY and AUDJPY at current level with 50-60pips Stop loss? Thank you!