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.
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