Let me start by saying thank you to MT4 for having issues that have prevented me from trading. While my logic was correct in that “something had to give”, my choice was wrong predicting yen strength and Aussie/Kiwi weakness.
The exact opposite occurred!
Here’s a quick chart of Kiwi/Yen (NZD/JPY):
(click to enlarge)
My logic this AM was that barring some sort of news for Aussie/Kiwi strength, I figured that someone “knew something” about Japanese yen and why it was moving. Looks like that guess was wrong and this trade almost certainly would have ended in losses.
Just goes to re-enforce what I preach (but don’t always practice LOL) all the time– trade what you see and not what you think you know!
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