2013-05-23 AUDCHF win

What I wanted to buy was a no-brainer, but what to sell to pay for it ?

There was nothing obvious but the AUD looked innocuous and the CHF looked as though I could have sold a container of paperclips against it and still made money, so the AUD it was.  Here's a better look.

So in I plunged ...

The dashboard kept pushing the NZDCHF as a trade but it didn't look anything better than what I was in - everything was flat except the the CHF which was totally driving this trade, whatever was on the short side was just a passenger along for the ride.

There were the usual wobbles and hiccups but they affected the NZDCHF just as much as the AUDCHF

and eventually it spiked down and took me out and put $49.20 into the account Ka-ching !!  I'd been thinking up until then that the CHF tonight was one of things that James says is like fish in a barrel and it's hard NOT to make money on it, but this was actually the bottom of the run and it went up after this spike - anyone not using a target would have made money but not the full 1%.

So then I started looking for something else to work with. The NZD looked like maybe worth buying against the JPY (straight after selling it against the CHF lol), and note how the CHF has gone right back into the pack on T2.

Then I looked at the JPY over the session, it has been strong right from the start, it's only the degree that matters - so selling it just because it had been going down for 10 minutes might not have been the best idea ever ...

Then a GBPNZF trade got suggested as a P2 alert

I can see now where that one's coming from, the GBP has been going steadily down from the start of the session so looks like a tolerably good bet to sell, and the NZD had been going up for an hour or so and looked like a tolerably good buy - but at the time it looked like a sucker bet so I passed.  That was 2226 NZ time so 1326 Think time, looking back now it would have just gone BANG and been out in 15 minutes (while James would have been out for more or less breakeven after it turned). Bugger. Better sorry with money safe in the account than regretting a sucker trade I shouldn't have taken, but bugger.