The big one!

Finally, after several days of very modest gains  (MONDAY: +4,-5,0,+4 = +4pips). On Tuesday VFI strategy produced several trade opportunities for which I was waiting the whole month. Both yesterday and today was a success with +81pips gain yesterday and +40pips today when my usual average of the session would be somewhere between 15 – 25pips. Solid setups and patience payed off and finally after a while I could cash in some better gains. Looking at the winning trades I was able to hold on retracement little longer which eventually payed off. Looking at the losers I was able to get out quickly when the momentum changed and not holding on it until it hit my SL.

There is one looser I want to talk about. It happened to be in EURUSD (7th picture in the gallery- 29.9.2010-vfi-eurusd-lv7.png). I let the trade run after a while (cca +14pips) the trade paused and retraced, with a nice slowdown at the end of this retracement (ideal point of re-entering this trade again) so I added to the position. Well shit sometimes happens and straight after the bullish candle came up came even stronger bearish candle was formed. For me that was a signal to get out of my first position (+4pips). I hold on that second position little longer and after the break of a previous retracement support I exit the second position with (-6pips). Good experience

Sooo good two days, BUT overall there is no reason to celebrate because all these moves happened to be in EURUSD rally where I was able to use the run in my favour and for that reason it was much easier for me to trade. Anyway here are the trades: