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.