Crazy trades on VFI -> +5 – 19 + 9 = -5pips

Today I was able to trade two opportunities but not with two trades but three. Crazy day today with Moody’s downgrades Greece and market reaction to it. When that happened I was already LONG in GBPUSD position. Watching the price action live I have realized that the target want be hit under normal conditions and I didn’t want to stay in the emotional volatility ride so I have exited the position with 5pips gain. Another position developed 30minutes after. Crazy moves stabilized and it seems that the pressure is in the LONG direction especially with high volume long candle at 17:59(GMT + 1). It has happened one minute before hour close which is usually strong signal to go LONG. There was only one catch and that was 200SMA and 50SMA in the very close bond at the same level. Overall I still thought the position had the room to break this level with high volume. Unfortunately that didn’t happened. After price reversed I was still indecisive and observing the price I knew that there is a possibility that the position will reverse but also possibility that the trade will keep moving lower to the 1.5365. I have entered into second position in the opposite direction with very limited stop-loss.

So here I am, two trades on the table both in the opposite direction to each other. What I was doing? Well I did my best to limit my potential loss. So fortunate time in the unfortunate event. I was able to limit my LONG position loss (-19) with the profit from the opposite SHORT position (+9pips). So overall -5pips today. I am pretty happy with the result given the situation I was in. So that’s it for this week. The only position I have in place is SELL STOP on CADJPY at 91.82 waiting for it’s break. Have a great weekend.