paul,
You obviously bought back?
'I'm long the usdjpy and feeling the same "which way". Its been a big run
and at some point it will turn. The same turn will happen on the dow.'
I took a look at the AUD/JPY half hour ago and thought would be a good short, suppose USD/JPY the same..?
Will have to check out 4x some more - looking for some thing additional to indicies.
Now can any of you currency traders tell me how the contract size works in relation to the currency move; for example my AUD/JPY paper trade was a sell @ 63.37 - i would have covered @ 63.044
So 0.326 gain. The minimum buy/sell on outrights (cmc) looks like 50k, so use that as an example.
How do i calculate?
She turned around on that too - i guess a reverse order would be the go in some instances as well.
cheers.
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