Wednesday, July 20, 2011

Carry trade? More like a forex VIX indicator.


Alright first up we have aud/jpy. One of my favorites for when risk is about to explode. This is excatly is what I expect to happen after the EU summit. A clean break at the 85 handle will accelerate to the 50.0% fibo retracement which from there I would take half my profits. Currently I have my stop at 83.73. Later on I'll post Eur/Usd, dow jones, and 10 yr treasuries. Good luck.


 
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