We have decided to keep trading in this special day: USA Presidential Election. There is no historical evidences of having worse results on those days (under our tests). Our philosophy is to trade in all market conditions. Despite this, we have taken some precautions such as reducing the risk and disabling some of our scalping strategies. Volatility was really high (for example USDJPY has moved almost 600 pips!).
The overall result is an equity similar to previous day.
July has been a difficult month to trade. The first half of the month was still influenced by the Brexit results. Currencies were moving up and down widely (more than 200 pips during the day without a clear trend) and some of our strategies touched the SL (we always have SL on our trades).
The second half of the month, Long Vision recovered part of the losses but some rumors about Japanese Central Bank moved USDJPY strangely two days before of the BOJ statement.
Long Vision’s team knows that some people are worried about july results. We would like to remember that, even with july’s losses, Long Vision has a profit of +45% in 2016. We are not going to change our trading style. It’s time to keep calm and look foward to august.