Anatomy of a stop and reverse trade

I try and pick out reversal spots using my system and this works pretty well. But with todays news coming out just as EURUSD was about to achieve target, my trade failed and turned into a loss. When a new lod hit there was a decision to be made. We were already below 161.8 and the market was surely headed lower, but how much lower. Where to exit this tenuous short? I drew a new fib extension from the spike of the news and the trade worked out quite well.

Yesterdays trades

The absolute strength daily reading is usually a good filter for bad trades but the past two days have not helped as the best trades were definetly counter trend.

Todays Levels

EURUSD
VPOC 1.4721
.786 up 1.4701
1.272 up 1.4779
161.8 up 1.4834
.786 down1.4610
1.272 down 1.4532
161.8 down 1.4477

FGBL
VPOC 113.18
VPOC 115.17
.786 up 113.28
1.272 up 113.54
161.8 up 113.73
.786 down 112.97
1.272 down 112.71
161.8 down 112.52

Yesterdays Trades

Although not with the daily trend, the volatility pivot picked out a nice trade on FGBL at the 1.272 down level.

EurUsd had two mirror entries with the volatility pivot. I will keep this on my charts and see if it creates safer entries than just the stoch crossover.

Todays Levels

EURUSD
.786 up 1.4725
1.272 up 1.4778
.786 down 1.4662
1.272 down 1.4608
VPOC 1.4684

FGBL
.786 up 113.73
1.272 up 114.23
.786 down 113.14
1.272 down 112.64
VPOC 113.61
VPOC 115.17

Todays Levels

Already missed a good trade on Euro on both the 1 and 5 minute. Touched the VPOC from a week back and sold off for an easy 35 pips.

EUR
VPOC 1.4705
VPOC 1.4866
.786 up 1.4726
.786 down 1.4662
1.272 up 1.4779
1.272 down 1.4608

FGBL
VPOC 115.16
VPOC 113.62
.786 up 113.99
.786 down 113.55
1.272 up 114.36
1.272 down 113.18

Yesterday's Trades

With the FOMC any early trades would have to be met with caution while any trade during the FOMC would just have to be a watch and analyze. Pretty good day for mean reversion but no real profits.