This thread is for my favorite carry pairs (liquid pairs not exotics).
-When yen based risk is on, I look for carry trades through the Aussie/Yen (long)
-When dollar based risk is off, I look for carry trades through the Euro/Aussie (brief)
-When dollar based risk is on, I look for carry trades through the Aussie/Dollar (long)
1)This thread is not limited to carry setups only. Please post any setups you see, short or long, on any one of these 3 pairs. Also, not limited to medium term or long-term trading. Day trading and scalping analysis and/or commerce calls are fine.
2) Many of my intraday transactions are accepted on AUDJPY
3) I enjoy AUDJPY the most since it appears to have the most consistent price action characteristics.
Rules
1) anything goes on the weekend
two) during week only charts and related information/news
3) dont be a jackass
I look forward to seeing what you all think of.
May 17 2013
At this time I'm most focused on the way June will play out in AUDJPY. I'm preparing for a big short. When yen pairs finally reunite, AUDJPY will likely find the most retrace (since Aussie is overvalued). Afterward this upward move will finally have some efficacy and when we want to break the highs (because of yen inflation, even despite aussie inflation) of 107.50 or so, it is going to be much easier to do after a 1000 or so pip retrace...
here's a speculative chart for AUDJPY.