Beating Alpha

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Today’s trading session (VFI) = -10 + 26 = +16pips

This morning started with EURUSD trade on VFI strategy. I have entered LONG on faster moving price action. Straight after my entry the move stopped and did quite aggressive retrace (aggressive in terms of M1 charts). Retrace is absolutely normal. The important thing is what happened afterwards. After that there was one strong bar in my direction but was absorbed immediately by next bar. That was a signal for me that this trade might be turning around against me. For that reason I have opened trade window and watched carefully price action near previous low. After few minutes I have decided to exit the trade with small loss of -10pips

Second trade. GBPUSD. Watching the DOM helped me today since the price action was more obvious over there and a big jump in the ladder came before the jump in the platform so I had about 6seconds to use this advantage. About two seconds after it was executed it jumped up and in terms of minutes it reached my TP target. +26pips over there. Overall +16pips. I am planning to trade during afternoon session as well.

For my other strategy T3 I am in EURNZD trade from yesterday targeting 1.83level but that might be adjusted. Another interesting level can be seen in CADJPY at 87.35 for going LONG. Right now it is trading around 40pips away.

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