After taking a pretty low probability set-up (of course only defined as such in hindsight)
thankfully on a single contract short at 1034.75 I managed to claw back into positive territory by midnight local time.The positive thing is that in the past if I had taken a hit so early in the play I would have subsequently traded irrationally and tried to get back at the market - reversing without basis, adding to losing positions etc. However, what I did was scratched the originally entry for -2 points on 1 contract, dusted myself down, and then scaled in 2 contracts sh
ort at a level of higher probability; Overnight resistance at 1038.75 Mean Pivot, 1 min chart off the 21 period, volume charts at MA resistance. Took 1 point just prior to news breaking 10am exchange time.I then waited patiently for one more sequence set-up:
- at the 1035 -37 level and played it pretty poorly. Didn't let 2nd contract run!
However Harry Hindsight did help me find another couple of missed opportunities - purple arrows.
Another positive day, reasonable focus but as usual room for improvement. These types of days are a reminder that in this game when the recognised patterns set-up and present themselves it is essential to push hard to make up for all the other sporadic slack and sloppy entries/exits.FOMC announcement tomorrow afternoon US time - will be playing the morning session very cautiously. Tendency for bullish trend in morning?
