Thursday, July 4, 2013

2013-07-04 GBPAUD win but it doesn't feel like one !

Everything was horrible and confused in the land of currency strength.





But slowly things started to appear out of the fog, and eventually a trade appeared - GBPAUD. Looked good, no reason that I could see not to take it, so I did.




There followed the almost inevitable faffing about ...





Until it finally went the right way. Note that after the sudden large drop the stop didn't move down very much - the close price moved a lot which opened the ATR up so the stop ended up about where it started.It wasn't until after the NEXT candle which was much smaller and brought the ATR down again that the stop really moved.





But the price and the stop did keep moving down ...    Going once ...





Going twice ...




You son of a bitch !!!!!!



And stopped out for a gain of $6.41 (~0.12%).  Better than losing, but still a bastard. If I'd been in half a pip earlier it would been $50.




That wasn't the annoying bit though - THIS is the annoying bit.



After stopping me out the market carried on to easily make the profit target - it turned less than half a pip before my profit target, then turned again less than half a pip after stopping me out !!!

Some days you're the statue.