there is more to audjpy than that. Japan - the most efficient transformer of raw material to real goods. has no raw materials. So, yen reflects value of efficient work in global economy. No, chinese or corea, etc are no match. Just hyped up fantasies. Australia - significant raw material supplier without any real (competitive) manufacturing. The only thing that is going on apart from raw materials is borrowing in a big way from future facilitated by banks, to prov. audjpy is reflection of japan vs australia, 2 extremitites of todays world. It is THE CURRENCY PAIR of today. Yeah, I have made some significant calls on these.
"BIG CALL - get rich trade" ...No such thing as getting rich from a trade -- getting rich is a long, successful, process of compounding Anyone can win some money from a somewhat lucky high risk trade -- but to do it successfully in the long haul for real money growth...takes skill.
Thankyou for explained, so far still not yet look on audjpy, but after you share with good explanation, seems I want to trying look on the chart on this pair, thanks mate you are good guy
so, what is the right thing to do in your opinion in this case: Get signal that worked 7/7. Expected payoff if 10 x investment Risk to go to zero is virtually zero as buying etf's. Even if market crashes, at some point will exit B/E. Time frame 1 decade. What I have done is take every $ I could miss and put in market due to massive risk reward. Yeah, it does take long, however, I have another system which kicks off trades every 2 weeks playing in direction of large signal. So, bring it on , lawrence-lugar , what would you do ?
me not good guy. you wont make real money looking at charts. I will be taking money from you and will be laughing.
haha you kidding, indeed if only looking chart will never making money but must open trades isn't, I see audjpy today but seems movement still narrow
yeah, still not launched although all sort of resource prices doing fine. However, on micro level, one can see we are on buy side - buy signals nearly all work. 80 is line in the sand. If trade develops as I expect 105 will be first resistance and we may get there surprising quick. See weekly chart.