Beating Alpha

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Ugly, ugly volatile day

Today I have been trading afternoon session. Ugly, ugly day. Not in terms of p/l which (which are pretty poor anyway) but also from the indecisive volatility point of view. So what trades I have entered. One M pattern on GBPUSD, one W pattern with broken leg and higher volatility in the direction of break and EURUSD W pattern. Nothing else to explain there. Only with the last trade I might have entered prematurely due to the fact that I reacted to higher price action but looking at it from global perspective there were same PA in the opposite directions. Also the pair had very little time to form proper W pattern so it was kind of a hybrid. So the total for today on VFI=11+5-6=10pips.

I didn't have time to focus on T3 today. My EURGBP I have posted in Sunday post has expired. Currently I am long USDCHF. We will see how USDCHF will stand in today's volatile market. It is 5:20PM GMT+1 so volatility should slow down. I am looking forward to tomorrow morning and afternoon. I am expecting to trade both sessions so more trades coming tomorrow.

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1 Comment

  1. student housing manchester fallowfield

    April 26, 2013 at 4:13 am

    Your blog won’t render correctly on my iphone 4 – you might want to try and fix that

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