Heh...if only. Another Asian (or could be the same) just came into AUD/JPY and kicked it in the tail.
If I had set a 30 pip trailer, wouldn't that have been tripped when the price first spiked to 62.59, then reversed to 62.14? If I understand trailers, at 62.59, the stop would have stuck at 62.29, and the drop would have hit the stop? Actually, my initial stop was way below that,around 61.50, so I would have needed to convert the hard stop to a trailer, once I was confident in the position. We'll see when the release is finalized. Haven't seen the beta version.
I was calculating it from your original stop at 61.45 (66 pips from entry), so in this example it would have triggered at 66 pips off the high of 63.40, 62.74, 63 pips profit. You probably would have set a take profit before 63.40 anyway. From reading bits and pieces on their forum it seems like they're going to be adjustable once in a trade, just like a fixed stop.
That trade was up 170-odd pips at one time! I've seen you do this before on a Usd/Cad trade which was in good profit, what's the thinking behind not locking in some profit along the way by moving stops or closing part of the trade?
Because the pairs in question have such massive volatility, that a 170 pip move in the span of a few minutes is not unheard of. I did move the stop to break even. Had it moved into the green more, I'd have locked in some profit. You know me, I play big moves. I don't do much intraday.