I looked at the baskets, and everything had moved quite a bit since the last time I looked at the charts (which was last Thursday, though I didn’t do RSW on that day, and didn’t trade). Equities had gapped up significantly and had made a new high. This was reflected in currencies as USD was down strong and AUD was up quite a bit.
When going through RSW this morning, there were quite a few pairs that I looked at based on the move that had happened. This one and AUD/JPY were the two that looked the most promising to me, so I set a OCO order on those pairs, and EUR/AUD was the one that triggered.
Entry – 1.64845
As I mentioned. I set an OCO order on this pair and another one, and this is the one that triggered.
| Entry Order Level |
|---|
| 1.64845 |
| Stop Loss Level |
| 1.6549 |
| Target Level |
| 1.63191 |
Exit – 1.65505
Throughout the day, after entering the trade, price continued to base, and rallied enough to almost stop me out. It didn’t, and by the time I went to bed, was still dropping. I didn’t check periodically throughout the night, but I did check around 7 this morning when I saw that price had pushed in my favor about .5R (probably a little less), but then spiked a lot and stopped me out.
