Waking up this morning and starting to place orders, experienced a fair amount of stress looking at the balance of the broker. The balance has decreased by almost the average annual budget. He began frantically looking for what was the matter and found that gasoline futures for the night session soared by 12-13%. It turned out that at the end of the previous session, I opened short positions on pending orders on two trend-following systems. And an hour after a short break, the price immediately soared by 12% since there was some kind of accident in Alabama on the gas line.
For a moment it looked like this:
Stop at me, naturally, did not have, since I place orders only in the morning and did not even know that positions were open for gasoline futures. But this is even for the best, since it would most likely have worked at the very top of the spike and a huge loss would have been finally and irrevocably fixed..
The situation was further complicated by the fact that the position was opened quite decent, since before that there was a narrow range on the chart, therefore the stop was closer than usual and accordingly, position size, which is calculated from the location of the stop, was increased.
All in all, dumbfounded for a few minutes began to figure out what to do. And I came to the decision that we must wait, since there is a high probability that the price soared on the speculative emotions of the players. Oil price, with which gasoline correlates, at all, didn't move. But speculators all morning continued to drive the price up almost to +14-15%.
But then, in the American session, logic and reason triumphed and the price began to return back. At the moment, the situation looks like this:
On the days:
At fifteen minutes:
