No, that's not a typo. It's a rip-off of a line from the Back To The Future movie. Anyway, this post is another in the series of theoretical considerations with respect to various robot building strategies.In this scenario let's consider fixing our maximum total position size across a specific price range. For example, perhaps we are willing to purchase 10000 units per 1000 pips (remember, I'm

The AUDJPY has had a nice run just recently.However, the 1HR is showing a small double top. Obviously, we might be looking at the beginning of a range discovery action or perhaps even a reversal if we get renewed panic concerning Greece or similar situations.Be patient and look for good opportunities.Now if only I can take my own advice... ;)

Finally, something has happened to lift the pall from the AUD/JPY market.What happened? The Australian economy showed signs of heat. We have recent employment numbers that absolutely blew away expectations.Apparently, today, the AUD/USD moved from a value that gave a 25% chance of a hike in march to a 50% chance of a hike in march. Do you remember me talking about the need for a upside

While I've been talking about the cake being baked we've just done nice big double top over the course of October 2009 through February 2010 on the daily charts.Obviously, this doesn't have to "fire" but it does invite a big panic drop to retest the July 2009 low of 70.75 or so. Considering today's rapid plummet of 300 points at this point who can say.As I noted on my last post I do think people

Well, the RBA just decided not to increase rates.Recently, China decided to tighten up capital requirements for lenders.Also, there has been talk of taxing or otherwise restricting carry trade activities.Lest we forget, recent news in Australia is mixed.The US market has been skittish.Emerging markets have been very skittish.So, what am I trying to say?I'm thinking the cake is baked. You might

First, I have to warn you, I'm eternally bullish on the AUDJPY. This means I'm wrong on my predictions a fair amount due to my long term viewpoint.With that said, I've noticed a chart sign that implies some possible upward movement. Take a look:It may not be easy to see, but notice how the recent tails, at 09:00, under the last few candlesticks did not project below the closing prices during a

I don't have time to snip a chart or anything, however I'd suggest taking a few moments to analyze the AUDJPY.What I see is the potential for a so-called "big W" on the 3 hour chart. You'll notice the right side of the W has a double bottom. If we do get the full "big W" we should see some dramatic upward movement over the week.Fundamentally, inflation, employment and other indicators in