Forex – VFI strategy and good ride down the EURO

Great day today. EURUSD produced so far 6 entry opportunities – 4 in a direction of trend and 2 against the trend. Trend was my friend also today. Total loss -6pips on VFI strategy. Total gain 30+23+4+9+(open position is still in progress and if stopped 77pips). So the total gain +143 – 4 = 139pips. I have to admit. Great day. I have been waiting for the trend like this for the whole week and the waiting paid off.  First five trades can be seen in image gallery.

Trendtrace strategy has produced today much more modest gain with only entry in USDJPY getting in SHORT on faster price action at 89.80. This position lost it’s ground very soon and had to be exited at 89.72 with very modest gain of for the profit of 4pips.

On T3 strategy was one position open. EURGBP was opened from 9.2.2010 and was exited today near 200SMA. This trade produced also a very modest gain of 12pips but since this trade was death and exhausted to me there was no reason to trade more. Fortunatelly I was right because little later after I closed this position this position went down and now trading 85 pips below my entry level.

In a meanwhile ECB President Trichet says he welcomes the commitment of EU leaders to take coordinated action if necessary to protect financial stability. It seems that EURO is getting hammered on the news about Greece support and possibility of other countries having the similar problems like Spain and Portugal. This is definitely supporting the EURO fear :). I have never been to predictions very much but I think we can see EURO hitting another low any time soon. Good luck with riding new opportunities.

UPDATE: As we speak I have exited the last trade which was left OPEN on VFI. Net profit of 80pips. And re-enter into a LONG position with TARGET of 200SMA (about 20pips TP).