Monday, May 4, 2015

New Correlation Trade AUD/JPY & CAD/JPY

*Position Update:  As of 05/05/2015 at 00:36 EST The Global Currency Scalper liquidated both sides of the correlation trade with a profit of 73.1 Pips.

As of 05/04/2015 at 21:42 EST:

A nice correlation trade is setting up between AUD/JPY & CAD/JPY.  The spread in the correlation is currently 200 Pips, over the past year the max spread has been approximately 400 - 450 Pips.

We will be taking 1/2 our intended position size, if the spread widens to that max spread mentioned above we will add the second 1/2.  Australia is announcing interest rates in 3 hours which could provide that opportunity or present us with a profit.  The trade is Long AUD/JPY & Short CAD/JPY.

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