Expansion thoughts, last week trades and resilience

Recently I have been very busy with working on my trading expansion. VFI strategy have been profitable for past two years and I am slowly starting to look around for more opportunities to trade. I am at the beginning of the statistical testing for US equity market mainly NASDAQ and NYSE stocks xchanges. I am also up for a search for the broker/platform. Although stocks are not my domain I believe that the replication of the strategy is possible on the broad range of  financial instruments where is sufficient intraday volatility.

Ok back to my most memorable trades of the previous week. Last week was bit harder than previous few. EURUSD is now trading in a range, it was the last week of the month and everyone is eagrly waiting for FED to release their QE numbers tomorrow. So as of last week there is GBPUSD trade I would like to share with you. GBPUSD offered on 25 of October bit of a mix and mess at the beginning of the morning session. After first loss of -8pips I adjusted to new position in M pattern (bearish) and went short at 1.5748 and bank 12pips of profit. Nothing huge but it covered my previous loss so I was not disappointed. Another two trades I want to share happened to be in EURUSD. Both were profitable but both had different entry strategy. First was classic VFI shorting the M pattern and second was as well bearish setup trying to SHORT EURUSD after it retraced. This shorting of the retrace was executed on the price slowdown by observing TICK as well as ONE MINUTE closing candle charts. You can notice that these candles slowed down rapidly after the initial pull back and created the range of three. I had enter on the close of the third one (see third picture in the image gallery).

Looking back at the week there is one general conclusion I can make: “Sometimes we have to go through the whole session taking small losses one by one waiting for the ONE BIG TRADE focusing on one thing only: our performance and plan execution”. This was particularly true about Thursday afternoon session. But about that later …

For this week I have done today’s afternoon session and I am planning to trade fully throughout tomorrow. QE is on the way so buckle up and prepare for turbulent intraday times.
Have a great trading week.