Well, I gotta say I was sleeping when for some unknown reason I opened my eyes and saw the chart making the crossover for a long trade at 3:00 am. That gave me about 5 minutes to read the signals, check my main trend and calculate where my stop would be. I got in at the open of the bar 2.0053 and I put my stop at the previous swing low, 2.0015, and my target at 2.0100 OK, so I actually decided to go back to sleep, but I set my alarm for 5:20 because I knew that the MPC Treasury Committee Hearings was going to come out at 5:30 am and I wanted to make sure I was out of the trade at the hour. It was a beautiful thing when I woke up to see that the target had just been hit. +47 pips. Anyway, the news was going to hit, and I knew more news was going to hit at 10 am. (and honestly, I was extremely tired since I don't have alerts set up and I am in a whole new schedule because of this trading) so I decided to go back to sleep and call it a day. In retrospect, it worked out since there were no more signals.
This time Pip Surfer only got 3 pips more than I did because he entered at 2.0050. Again, showing that trading systems and strategies differ by the human element. I sound like a Dow Chemical commercial...
Well, all in all, this week is going good so far...but trading has a way of humbling you when you get to comfortable..we'll see what tomorrow brings.
Here's today's charts for those of you who are more visual!
Talk to you soon.
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