Beating Alpha

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Trading session on VFI and yesterday thoughts on currency moves

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Today I have closed two trades. One was a loss (-17) and another profit (+24). I was going long with GBPUSD at 1.5232 after faster PA. I waited for retrace and entered the trade. In a about few minutes pair changed its direction and couldnt create a new high. I was stopped out at 1.5220. The PA was very fast creating much higher volume in south direction with strong consecuetive bearish candles. I have immediately entered short at 1.5213. Second trade was also very quick and I was able to grasp +24pips in profit and regained previous loss with a modest gain of +7pips. I am still holding EURJPY position with +50pips go gains, EURUSD with +40pips and CHFJPY with +50pips. All trades are set on protective stops so if I am stopped out on all three trades I will cash in +90pips. I will be back trading afternoon session. Currently I have also entered short GBPUSD at  1.5184 and I am expecting target of 50pips. Initial stop loss has been moved to 1.5005. Good luck with your trading and speak to you in the afternoon.

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