Open trading account 
As per my expectations we had quite an interesting FX opening you can read more about what I had to say over the weekends here: Greece Saga Final Act
This is what an ideal risk aversion scenario looks like when the safe haven currencies are in high demand and currencies like JPY, CHF and the US Dollar are the ultimate beneficiary on this environment. The magnitude of the gaps we saw especially with the yen pairs where something that we never saw at least not in the recent history. But not only the FX market go hit hard the other assets classes like bonds and stock indexes where hit quite hard.
The way I intended to play this mess was to fade the initial fear as I was expecting an substantial dead cat bounce in the yen pairs. My timing on this trades was not that good however taking in consideration the environment we were trading into I have an excuses. My two preference currencies where among the yen crosses: EUR/JPY and GBP/JPY. I was not expecting a full gap gill in one go because there is a chance we may not get that if things get more worse than that.
Best Regards,
Daytrader21
This is what an ideal risk aversion scenario looks like when the safe haven currencies are in high demand and currencies like JPY, CHF and the US Dollar are the ultimate beneficiary on this environment. The magnitude of the gaps we saw especially with the yen pairs where something that we never saw at least not in the recent history. But not only the FX market go hit hard the other assets classes like bonds and stock indexes where hit quite hard.
Figure 1. EUR/JPY 5 Minute Chart
The way I intended to play this mess was to fade the initial fear as I was expecting an substantial dead cat bounce in the yen pairs. My timing on this trades was not that good however taking in consideration the environment we were trading into I have an excuses. My two preference currencies where among the yen crosses: EUR/JPY and GBP/JPY. I was not expecting a full gap gill in one go because there is a chance we may not get that if things get more worse than that.
Figure 2. GBP/JPY 5 Minute Chart
Best Regards,
Daytrader21
