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Atul has taken 20th place in Trader Contest Jun 2016

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AUD/JPY Trend Analysis


AUD/JPY has strongly crossed a key support line. There will a retrace back to the now resistance line and then further fall. This will play out in rest of the month and will see further fall in the month of July.
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Trading Strategy


My trading strategy is quite simple and requires very little analysis. Infact it is anti-analysis. There is no point in over thinking a trade movement since trading is largely about position management than movement prediction.
I just eyeball current trend and place my order accordingly. You should hit profit quickly in some hours. If not then cut the losses.
I dont trade for living and hence this strategy works in my favour since it requires minimal maintenance.
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