I have been unwinding the trades I presented here, EUR-GBP first.
If you recall from earlier post I planned my entry for 0.7970 with a target of 0.7935.

Price went down to 0.7935 on a BID on this platform, and rebounded. I just hate when this happen. It’s maddening, but it is also a part of trading and if you place enough trades, it is going to happen. I decided to hold on and few hours later I was out at objective with 35 pips. This are high value pips, too. Currently 15.88 per pip on standard lot. Good trade.
Now CAD-JPY. I already closed one trade (see previous post) and was carrying the second one. Incidentally, this trade had been initiated first. Target for transaction was 104.50.

My strategy here was a little more complex. I had planned to take some profits at 104.50 and open position at 104.30-35. As you see I closed initial trade, but for now I withheld . Why? Well, CAD has been strong against other currencies. This move has been on the strength of JPY. I really,really want to see so CAD weakness, before I commit myself. I have tentatively scheduled a sell at 104.10, with target of 103.00. The way things are, I might have to use higher magnitude chart, 4H, so a potential draw-down would be higher also. That’s why I want to see weakness in CAD. I’m going to watch for a while and then decide.
Mike K.