Well, bad news, I just lost -120 pips π . The trade was opened by EspritFX EUR/JPY. I have decided to remove them from my portfolio. I am getting tired of their negative performance. What makes it worse is that they opened the trade in a clear uptrend. My guess is that this is a mechanical trading system. It was trying to initiate a sell to possibly profit from the potential downswing (the EUR/JPY is at an all time high), but clearly it was a stupid trade which resulted in a loss of 120 pips!! Not cool for my account.
I have replaced EspritFX EUR/JPY with ATRChannel GBP/USD
That’s all for now. I’ll keep you guys posted.