Thanks Ivan I don't mind missing it for 15 or 20 pips but 6, sheeeeesh Ah never mind, I guess they'll be another one along in a while (would have been nice though, could have finished for the week before NFP )
Shorted EUR/AUD @ 1.9850, looking for return to 1.9450. 150,000 units. Stop Just over 1.9965. The technical setup is there, but I really hate doing this before NFP.
Oh, I have no doubt it will be. The market is coiled...can't you feel the disturbance in the force, my young padawan? Stop has been moved to breakeven. I might get closed on the volatility of the announcement and large spread, but it's too risky otherwise.
Had to bail at +30. Heading out for the day. That trailing stop would come in handy, maybe. Barely into profit at 30. Where would I put the trail, anyway?
Well, the EUR/AUD short survived the "madness" and is rather nice at the moment, at about $750. Now only if that Asian player (the guy with the double no-touch) would stop selling around 6530, perhaps the AUD could crack that level.
Where'd you get in, 11? Stop at 61.45? It's been up to 62.97 so your trailing stop would now be at 62.31'ish locking in 20 pips. I'm not sure if you can change it after the trade is executed, or maybe you can (or at least you should be able to!)
This is where trailing stops can benefit, price has now been to 63.40, you would have locked in 63 pips (trailing stop at 62.74), more than twice the profit with potential for more. The beauty is you can just walk away and leave it to cook, or maybe set a t/p at +100 or whatever.