Daytrading AUDJPY

July 14, 2010

in HVMM

I get quite a few emails asking to look through some pairs other than the usual suspects. Yes, I have my top picks!  Who can blame me really…..they have and continue to bump my trading account up quite nicely!

I have been keeping some extra charts open lately, tracking some other pairs while in my trading session.  One pair that stands out is the AUDJPY.  The Yen crosses can sometimes be beasts (BOJ intervention can swat you around) and come with some danger.  Sometimes the spreads are crazy high.  Sometimes the moves occurs too fast to catch.  In the end though, solid pairings with some decent spread.  The GBPJPY is, at some brokers, high spread making it a non-candidate to day trade.  The AJ has similar movement but comes cheaper.

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