As the press-conference following this morning's meeting of the ECB gets undeer way, the Euro drops from $1.3650 to $1.3620. This presages a re-commencement of the Euro losing value against the US Dollar. I take a punt on the EUR/USD falling.
My punt immediately runs into a loss, because just then the Euro begins a pullback. I exit to minimise loss and then re-open the short position when the pullback seems to have run out of steam.
The race is on - swing down, swing up, five times a minute. What excitement!