In today’s video I go through the Australian Dollar / Japanese Yen trade in great detail because I just entered a second position to the downside at 81.54, bringing my average cost of this short trade to 80.71. My initial stop loss is at 83.34 and my first profit objective is at 77.57. Let’s see what happens on this trade. I also briefly go through the E-Mini S&P 500 futures daily chart to show you what I expect and what I’m seeing. I will be out of the office tomorrow (6/22/2012) so there won’t be a trading video. Have a profitable trading day and I hope this helps you in your own trading.
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