10 pip trade #08 - win - 6-2 - win rate 75%

This was a GBPAUD trade. The GBP was looking like a good thing to buy and the AUD was the best thing to sell it against so I did ...  I thought instead of just looking for good strength lines I'd wait for a proper signal and see what happened. So the setup came on the strength lines, and then a signal appeared, so in I went.

Kind of immediately wished i hadn't because the spread was huge and took up half of the 10 pips I had to play with all on it's own !

and it fiddled ... and it faddled ....  then it fiddled some more ...  can hardly call this one a success for finding the momentum push !

But eventually things worked - actually on the 12:45 candle but I missed the screenshot so the latest one on here is the 12:55.

10 pip trade #10 - win - 7-3 - win rate 70%

This one was obvious. After the ADP NFP news the t2 graphs looked like a sock being knitted for an hour or so then some setups formed - I picked the CHF and EUR as currencies to buy, and the AUD and CAD as currencies to sell to pay for them, and set up some charts ready to go based on what was flashing most often on the P4 alerts. A few minutes of chart stalking later a P2 alert came up to sell the AUDCHF and it was all on.

I drew the 10 pip lines on the chart and the trade immediately went the wrong way but then the strength lines took hold and down she went.

The 1st candle after the one I went in on missed the target exit by 0.2 pips, but the next one did the trick.

Thinking about it after that I closed the trade manually as the profit was about 1:1 with the risk, I should really have modified the EA to do this then recomplied it etc but probably not the best idea with an open trade. As it turns out that was almost exactly where it would have been stopped out anyway if I'd just let the stop get trailed down.

Then I recomplied the EA to do 1:1 exits which seemed to upset MT4 a bit because it crashed, when I restarted it the EA took a trade by itself trading the same thing the opposite way which gave almost the whole profit back again.

Oh Cock.

Watching the spread during ADP NFP

Thiis is a series of screenshots taken over the space of about 20 seconds after the ADP NFP news came out, showing how the spread even on the EURUSD shot around.

Before the news hit - hovering around 1.7 pips

3.2 pips

3.2 pips

4.5 pips. Note my CHFJPY trade has just gone out.

and 3 seconds later, back to 1.9 pips

10 pip trade #09 - lose - 6-3 - win rate 66%

This was a CHFJPY trade. I was kiind of distracted in the skype room and didn't see it until everyone started talking about it, so I got in late. I actually traded this one on the dummy account because it was the quickest way to get the entry price locked in.

I drew the 10 pip lines on, then left it to see what would happen while the EA trailed the stop according to the dots.

Not looking the best, the JPY is moving strongly up on the T2 graph and it's killed the trade.

And ... stopped ...   the "real" trade is still going though, the stop for that hasn't come in to 10 pips yet so it carries on.

And out it goes - with the stop trailed up to about 10 pips. It was knocked out by a spike for the ADP NFP news. Sounds like everyone else in the skype group was in this one too :)