FOREX.TODAY

Tag: Carry Trade

AUDJPY Trade Setup (Jan 13)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-13_18-36-00-AJ2
Dear Carry Traders, AUDJPY may have found the bottom, based on the Daily chart.  The price bounced up from the Support  (83.00 ish). Daily Stochastic also crossed, so we can expect Stochastic to come up??   The price action on H4 is also encouraging. It was making Lower Lows and Lower Highs, until recently.  But…
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AUDJPY Trade Setup (Dec 10)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-10_16-36-28-AJ
I got knocked out with AUDJPY Long position!  ;-) Let's move on, and find the next Long opportunities. Currently the price came back up 88.85. Well, let's buy this pair when the price comes down to 88.50. Alternatively, if the price continues to go up and breaks 89.00, then let's buy it at 89.00 after…
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AUDJPY Trade Setup (Nov 30)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-30_14-29-58-AJ3
Dear Carry traders, I hope you already have some Long positions with stop at even by now. (I lost one position last week.  But still have one from 87.35) Let's continue to look for the next opportunity. Looking at H4 chart below, the price is at the interesting support level, which also is Fib 38.2%.  …
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AUDJPY Trade Setup (Nov 27)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-27_15-29-16-AJ1
Dear Carry Traders, Since YEN has been strong during Asian hours today, AUDJPY is dropping.    Thus we need to find the next level of support, where we can buy this pair again. As you can see above, the price is approaching to the Support of 88.25ish where we see the pivot cluster of WPP…
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AUDJPY Trade Setup (Nov 25)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-25_15-59-07-AJ7
AUDJPY pair has been rising for the last few weeks. I hope you can add some more Long positions for your carry trade. Thus let's look for the next buy zones. In addition to the usual Fib38.2-61.8% zone, I would like to propose 21EMA and WPP (Fib78.6%) as well.   Hope you can add one…
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AUDJPY Trade Setup (Nov 23)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-23_14-42-10-AJ2
AUDJPY pair seems to be at the interesting buy zone. Looking at Hourly chart below, the price seems to have bounced up already, from DPP, WPP pivot cluster. So let's setup the Long trade.   Currently, the price is in the down Stochastic cycle on M15 chart. Let's wait until this down cycle is over,…
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Carry Trade Setup with Yen (Nov 18)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-18_15-01-14-C5
BOJ Monetary Policy statement will be out tomorrow. Though I cannot predict if they will determine the additional QE or now, it is not a bad idea to add one more Long position for Yen carry trades, and hope we can move the stop to Even before BOJ announcement.   (1) NZDJPY As I wrote…
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NZDJPY Trade Setup (Nov 11)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-11_10-33-37-NZDJPY3
Dear Carry Traders, I successfully created one Long position yesterday.   But earlier today, it was stopped out as even. Well well, let's move on dot com. Fortunately, the opportunity seems to be there still. Here is the Daily chart. Notice the price has been supported by MPP & 55EMA at Role-Reversal Support zone.  …
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NZDJPY Trade Setup (Nov 9)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-09_14-02-32NZDJPY2
Dear Carry Traders, Last week I suggested to hold on to buy this pair until Daily Stochastic goes down low, simply because I saw Divergence on Stochastic. Now Stochastic is down to 25%, and waiting to cross up, while the price seems to have bounced up at MPP (and Role Reversal Support Area). I think…
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NZDJPY Trade Setup (Nov 3)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-03_14-15-05-NZDJPY
NZDJPY didn't drop, even though I see Bearish Divergence on Daily Stochastic.  So my concern was in vein. Thus, simply look for the next opportunity to buy this pair. BUY ZONE 1 (81.30): Current price level.  This is also WPP. BUY ZONE 2 (80.90 - 81.00): WM2 & Role Reversal Support BUY ZONE 3 (81.85…
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AUDJPY Carry Trade Info (Nov 2)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-02_15-06-28-NZDJPY2
Dear Carry Traders, NZDJPY pair started the week with a big gap down, and currently the price just filled up the gap. Last week, I suggested to hold to buy this pair for Carry trades based on Daily chart. The price has been rejected at 83.00 for a long time, and I see Stochastic Divergence.…
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NZDJPY Trading Info (Oct 30)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-30_14-23-37-NZDJPY2
Dear NZDJPY carry traders, Here is one extra tip for you. NZDJPY remains one of the Bullish currency pair, as seen on Ichimoku Daily chart.   However, I see a Bearish Divergence on the Daily Stochastic as seen below. This is a big concern for Carry traders.  Simply it may be better to hold on buying…
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NZDJPY Carry Trade setup (Oct 28)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-28_13-54-00-NZDJPY
Dear Carry Traders, How many Long positions do you have now? I previously had one from 81.00, but it hit SL (at Even). Well, let's move on dot com. I have identified the next possible buy zones above. Please make sure to look for the reversal price action on Smaller time frame.   YJ Baik…
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NZDJPY Carry Trade (Oct 23)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-23_13-44-47-NZDJPY
Did you successfully make one Long position? I did from 83.00. Let's try to make another one! For BUY ZONES, I would like to suggest the following prices. a) 82.20-82.30 (Hourly 21 EMA) b) 81.90 (Fibobacci 38.2%, Role Reversal Support) c) 81.40-81.50 (Fibonacci 50%, Daily Central Pivot) d) 81.25 (Fibonacci 61.8%) Since the upmove is…
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NZDJPY Trade Setup Cont. (Oct 22)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-22_14-53-30-NZDJPY
I hope you keep trying to add Long positions of NZDJPY for your carry trades. I tried to long from 80.80 once when Stochastic crossed up below 25%, but failed. But after that, it made Double Bottom, and higher high. Now the price is back at the support. I think I can try to Long…
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NZDJPY Trade Setup (Oct 19)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-19_14-34-00-NZDJPY
Dear Carry traders,   How many Long trades with Stops being at Even, do you have now? I have one at 80.37.   Let's try to add some more. Below is the Hourly chart. Fib 38.2% level seems to be a steady support which happens to be WPP & Role-Reversal area. Thus I am expecting…
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NZDJPY Trade Plan Cont. (Oct 16)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-16_13-25-39-NZDJPY2
Previously I posted NZDJPY Carry trade entry. As shown below, our first choice was to long from WPP.   I hope you successfully entered the trade and moved your stop to "Even" by now, and pray this trade won't hit SL for a long time!     Since the price is still above 21EMA, we…
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