1-1 trades #17 – win - 14-3 - win rate 82%

The JPY was still shooting up so another bite at the pie seemed indicated – not with the AUD though as that had flattened. No, the one that had suddenly woken up was the EUR. In I went.


There’s that 3 big candles let’s have some profit thing again …  All the strength charts are looking nasty.



Because of the big candles the ADR stop was huge, this meant I could only take 7 micros instead of the usual 30 or so you get if you get in before the move. That’s very preferable, to get the same profit from 7 lots that you’d get from 35 it has to move 5 times as far so while I have the same risk I would have with more lots and a smaller stop, I’ve also got a small number of lots, a huge stop, and a huge target – 66 pips either side of the entry.
 

The profit taking was a bit more involved than I thought, and turned into a sideways move. The stop has trailled down now to about 20 pips – that’s a bit better than 66 !


Soon after that when the buy price was within a pip of the stop I grabbed another screenshot and started composing an analysis of the losing trade.  Session and T2 are now showing CONvergence not DIvergence, and the T3 is frankly confused about which way up it should be.



Then the Yen started going up and the EUR started going down and the T1 came back into line and we dodged the bullet by a hair’s breadth.



Then nothing happened, and enjoyed itself so much it happened again. And again. And again … 



Then we had another poke at getting stopped out but it was pale by comparison with the last try. 




Finally there was a decent down move, but because the ADR had shot up the dots were further away and stop actually stayed where it was.



Watching this damn thing was like watching paint dry, so to pass the time I practised sleeping, and when I woke up again I found this – after two and a quarter hours the trade was almost at the target and the stop was comfortably and profitably below the entry.




And … Gone.

1-1 trades #15 and #16 – win/win - 13-3 - win rate 81%

First thing to catch the eye tonight was the AUD, dropping nicely. There were a few possibles to pair it with, I was actually thinking CHF or something, but the alert that popped up was for the AUDUSD. So in I went.



10 minutes later and it’s going nicely – the stop has been trailed down to reduce the risk by about half and the AUD is still down and the USD still up on all 3 strength graphs. Also I finally learned to put the mouse on the last candle when doing screenshots so the time shows in the data window, and to capture the mouse pointer so you can see which candle the data window is talking about.



The JPY was roaring up shouting BUY ME BUY ME so I thought I’d add a yen pair to the mix. As the weakest currency the NZD was the obvious candidate for a second trade, but that had dived then started to flatten out while the AUD was still going down nice and steadily – with the Yen shooting up like petrol prices I could pair it with pretty much anything and make money but there’s no point making it hard, and going down nice and steady  sounded like a better bet than dived and starting to flatten. It was going to double my AUD exposure but the risk on the AUDUSD trade was down by well over half so the double exposure wouldn’t equal doubling the risk. Probably. The T1 was a bit of a mess but that whips around a lot so it was just a matter of setting the chart up and waiting for T1 divergence and maybe a P3 signal.
 


I think in the end it came up as a P2, and the T1 lines were all pointing the right different directions so in I went. Note how the first trade is pretty much at breakeven, so I’ve got two lots of AUD exposure but only 1 lot of AUD risk (unless the market gapped stupidly).



There was the usual reversal and things got pretty ugly on the T1 for a minute or so but from what I've seen there is ALWAYS profit taking after 3-4 big candles so I didn't panic (much)



and soon enough things started looking good again. In fact they looked so good that both trades went out on the 0835 candle. This was the 4th candle for the AUDUSD trade and the 2nd candle for the AUDJPY trade.

1-1 trades #13 and #14 - win/win - 11-3 - win rate 78%

Who says lightning never strikes twice, this is the same combo as the first two trades of the night. The CHF and the GBP fell out of the sky, the JPY was the most promising thing to pair with them, so I sold them both again.

Lightning didn't *quite* strike twice, last time it was the CHFJPY that roared down and nearly went out in the opening candle, this time it was the EURJPY. Once again, it stopped a hairs breadth short.

Eventually the stops trailled down which put the CHFJPY with stops at breakeven in the colourful position of being within striking distance of going out either way.

This time both pairs behaved and were soon heading towards the finish line

And this time both went out for proper results.

1-1 trades #12 - lose - 9-3 - win rate 75%

The USDCHF looked faintly promising - until I realised that the T2 strength was almost the exact opposite of the session strength.  Duh ...

Then I had a look at the EURJPY. The T1 looked good and the Session looked good and the T2 looked promising - just a matter of waiting to see whether the T2 cross happened properly and a trade started to appear there.

It didn't but then the NZD started jumping up and down and shouting and waving and out of the spaghetti it looked like either the GBP or the EUR was going to be the other half of the trade - probably the EUR as the GBP had been hanging down at the start of the T2 and then shown signs of recovery but the EUR had gone straight along then flopped.

It's probably easier to see without all the other currencies in the way. And oh, look, there's a P4 alert.

10 minutes later the stop has trailed halfway to breakeven and the cone is more obvious on the T2, although the NZD had curled over and started to come back down and the T1 is a mess - as you can guess, there is a bit of a retracement going on.

After a few minutes the T1 lines are at least back in the right order, although by now the stop has trailed so far down (notice how much closer it is to the bars now that the market has flattened out) that it will only take a twitch to get us out - though that's not entirely bad, it means 3/4 of the risk has gone.

And after a few minutes more the trade has gone too.

For a small loss.

1-1 trades #11 - win - 9-2 - win rate 82%

This was a GBPNZD trade. The NZD was the strongest currency and had been lurching up in fits and starts on the T2 graph, then I spotted the GBP lurch down on the T2 at the same time as the NZD lurched up and a P4 alert popped up, which all made selling the GBPNZD a jolly good plan. So I did.

The trade moved down nicely. Here it is with the other currencies turned off in the dashboard making it a bit easier to see what I saw on the T2. The initial stop was on the dot just by the end of the arrow so a lot of the risk has come off already.

Bam.

Ka-Ching.

1-1 trades #09 and #10 - win/win - 8-2 - win rate 80%

This was about 40 minutes before the London session started. It looked something like the sort of momentum push James had been talking about in the training webinar (not the course). The JPY looked like a good buy, and both the CHF and EUR looked like good sells, so as I'm only on a demo account I lined up charts of both the EURJPY and the CHFJPY and sold them both. You wouldn't do that on a live account, too much JPY exposure.I presume there was some sort of P4 alert but I can't actually remember.

Down they went, briefly, with a hiss and a roar. In fact the EJ came within the spread of hitting the profit target on the entry candle.

After a little bit of sideways action the JPY sank to the bottom of the T1 graph and everything went a bit pear shaped, although by now the CHF trade stop was essentially at breakeven and the EUR trade stop had moved about 2/3 of the way to breakeven

Then the JPY and the EUR came back into line on the T1 with where the T2 said they should be, leaving just the CHF hovering up in the top of the T1 chart like a mosquito

where it continued to hover just asking to be swatted, while the EUR trade did the decent thing and exited for a nice profit. Note that the stop on the CHF trade by now has trailed down to just under breakeven ...

... which was a good thing, because it got stopped out there for a small profit.

The EUR trade was definitely the better one, I guess proving that picking the weaker of the choices to sell was the best idea.