Yen is making some serious moves

Quote from Elitist Trader:

Way more movement in currencies.
More...

well then you can simply have larger position in ES compared to AUDJPY.

my point is why trade something that is secondary to ES and follows it pretty tightly...(?)
 
There are those here who believe that trading spot is not real trading and you can't make decent money with it like their futures counterparts. Comments like that are more geared toward generating a debate.

edit: and before I could finish my post, he proves me right.
 
Quote from cstfx:

There are those here who believe that trading spot is not real trading and you can't make decent money with it like their futures counterparts. Comments like that are more geared toward generating a debate.
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yes, i wanted to generate debate.

btw, i think trading spot IS a trading as any other. i just wonder why trade less liquid cross which is the best proxy for carry trade, i.e. risk appetite - which in turn is reflected first in the equity market.
on top of that, by any metric, AUD is in much better shape than JPY (at least mid to long term).

to trade USDJPY would make much more sense to me.

it seems to me people are confused about current markets and therefore are coming up with crazy ideas like trading something less major...
 
Quote from Ivanovich:

Because one is forex and the other isn't? What kind of question is that?
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that's kind of question you should be able to answer much better.

you do not trade potatoes because they are potatoes but because you can make money with them - of course unless you are a potato farmer.
:)

don't take this personally, i am really interested in AUD/JPY micro thinking here...
 
Quote from dhpar:

that's kind of question you should be able to answer much better.

you do not trade potatoes because they are potatoes but because you can make money with them - of course unless you are a potato farmer.
:)

don't take this personally, i am really interested in AUD/JPY micro thinking here...
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I trade AUD/JPY because it offsets a long term commodity position for the most part. Second is the volatility in the pair (wild as hell). Third, because I think the Aussie is overvalued and the market as a whole is too.

Better?
 
ok. i can't argue with the volatility argument. i usually stay away trading delta in such instruments though.

interesting to be long commodities in the summer (weak seasonals) while thinking that the market is overbought - and then hedge it by selling the healthiest currency around against the highest carry.
my summer position is almost exactly opposite (with the reduced equity risk). but that's what makes he market i guess :)
 
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