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Wow, what a week! it seems like my AUD/JPY long trade is now in a range. I saw a high of about 125pips and now im sitting at just about between 30 pips. I'm so close to my breakeven area but price seems to be supported by at 82.750 area. I got rid of all my original technial lines and started analyzing the range and the new trenline that seems to be holding everything up, for the moment.

I'm struggling to decide if it would be wise to move my stoploss lower as a way to restrategize my plan to go long on the AUD/JPY. My original plan was ment for a strong trending move to my target. Now, seems like things can go either way on me here. If I were make a new plan right now and enter in the market, I would buy at 82.750 and have my stop outside the range at 82.250. Rather than give up my current position at 82.550 (a few position lower than that). Stochastics look like they are about to cross to the upside but not over sold yet on the 1H chart. Hmmm... I Do know for sure that if price breaks outside my 82.250. my long carry trade plan is definately over for a while. The name of my carry game is to say in as long as possible. It's been less than 2 weeks and I'm thinking that I will reformulate a new plan. Things seem to be getting a bit more volatile so I may be worth while to consider changing things up. Another way to look at this strategy would be for me to close out and bank the pips I still have now and then enter the market again with a new strategy buying at 82.750 area. currently my NZD/JPY trade is above my 1:1level and I'm also considering moving my stop back to breakeven. I also have a small short position on USD/CAD which has retraced quite well and holding at my 61.8% line. I probably still wouldnt sell at that area as I would prefer to see stochastics overbought but stochastics is crossed over to the darkside so... I'm feeling a bit more confident that all is good. nothing needs to be fixed... for now