Shocks, i have missed the third entry of the day, price has bounced perfectly but my entry level was one pip too low. i'm starting to think that the best entries should not break the resistance level so the entry order should be one pip above resistance. oh well, too late now.
With an impending FA, price has stalled. it could have been some good gains for me as i would now have a 5 pip stop going into an unrelated FA, especially after taking that silly loser just before lunch and missing those 2 profitable trades early in the day. Depression slowly sinks in, today belongs to the market. Looking at the missed trade i see i hr resistance from the MA's lurking 40 pips above and a break could signal a strong counter move against the 4hr trend. ohh what a fantastic opportunity missed. if it isn't broken, it's gonna be trading ranges into tomorrow, i'm sure of it. oh cruel fate. i can almost see the noose tightening around my trading dreams.
price stalled in advance of the impending FA, but there was no immediate reaction to the news 5 min after its release a good time to move my stop to BE (20 min into the trade) Still no movement. The silence is defeaning and confidence rises in the system that failed you earlier today. A half hearted cheer sounds out in the mind, "go trade go" but quietly i contemplate it's failure with a wry smile on my face. Calmly the price moves to my profit target (20 pips). Would i have closed? I hope for immediately after it shot down with the venomous intent of 10 deadly snakes. Of course that created a frightening entry which i left alone and i think may also have been a mistake (mistake yes, it shot up even faster), i guess the market read my journal yesterday, but this is only 4 trades mr market.
i will deal with your matter yet. yup that trade would have taken profit, but i here writing cowering in fear at the pace of price action. Good day to you mr market.
