Wednesday, April 3, 2013

2013-04-03 Five in a row, four losses and one win

The first thing that caught my eye this evening was the JPY setting up to be bought.



The EUR or CHF would both have done to sell against it, but I got the EURJPY as it looked better on the T1 at the time I was pulling the trigger.


The GBPCAD started looking good after that, so it was the next acquisition


4 minutes later and things were looking pretty ugly.


and that was the end of the GBPCAD - lost 34.15 from 5208.00 = down 0.66%


To add insult to injury the EURJPY was now just pissing around.



To pass the time I entered a trade on the NZDCHF - have a look at T1 and T2 on the screenshot above this and you'll be able to see why, this was a minute or so later after I'd drawn some lines and arrows, and things weren't as sunny.



Twenty minutes after I said the EJ was pissing around it's still doing it, and the NZDCHF is looking nastily toppy.



That's the end of the EURJPY trade, and it only took 51 minutes. It felt longer. Final result was a loss of 8.08 from 5208.00 which works out to a live-to-fight-another-day down 0.15%



9 minutes later the NZDCHF trade is looking sick, but the EURJPY is looking like it might be worth another go at.



Out with the old, in with the new. NZDCHF trade exited for -21.87 from 5173.85 which works out to going down 0.42%, and the EURJPY has entered again.



2nd bite at the EJ out for a win after a mid trade wobble - made 52.35 from 5165.76 which works out to a nice 1.01% which is what we'd like every time !



Brave brave brave. Back into the EJ for a third bite. T1 and T2 looking fine, the chart looking tolerable, and even a P2 alert.



Pity it didn't work after a start like that ! Exited for a loss of 22.23 from 5196.24 which works out to going down 0.43% and that was the end of the night for me.