Forex Tips - Microtrading

The AUDJPY currency pair is currently trading around the 76.00 mark.Over the last twenty days, from May 7 through May 27, I've been experimenting with a concept I've been calling microtrading.I don't intend to close all of my positions at the moment, but if I did my account NAV would increase by more than 10% over that period.While I realize that active trading can return spectacular results compared to a paltry 10% it does require a lot more effort and time. Personally, my full time job and other issues have my complete attention. I don't have the luxury of time or the mindset to take larger risks at the moment.Anyway, open up your trading platform and I'll walk you through the process of trading this strategy.1) On May 10 we topped out around 76.00 on the AUDJPY pair.2) Based on my account size I could safely open long positions for every fall of 20 pips. This isn't the goal but it is the maximum density of trades I'd allow.3) As the price of this currency pair dropped to around 70.50 on May 15 I would accumulate positions based on the previous point. Basically, when you see what looks like a support point or if the price moved down a lot while you were at work or sleeping, then you open another micro trade.