Quote from tracer619:
so you were on the right side of the move we had this morning?
Yes.
To be completely fair, I'll only post from after the 116 160 buy trade completed.
Sold at 116 190 as posted real time and exited 116 150. +4
Bought at 116 175 and sold prematurely at 116 190. 116 240 to 116 260 was a real target. My bias was changing to long, but I still had that fear of a spike down at 116 210 hence the premature exit. + 1.5
Next, even though I was now in a confirmed WGSR up-move, I still thought the short I mentioned at 116 275 was a good trade AND I had placed my sell order at 116 260 with the intent of adjusting as price approached. Well, I was watching carefully, and saying to myself, you know action is too strong...what could it be, and just as I realized that something was wrong and I needed to cancel, I got filled. I waited a bit to see if I could get out with a tick, but by then I was forced to exit with a 4 tick loss, i.e. Sell at 116 260 and exit at 116 300. - 4 (very bad and uncalled for)
Upset that I let myself get caught like this, I read the news, saw how positve it was, and knew that the only thing I really needed to do was buy. Long at 117 040. I was tempted to walk away at this point but decided that my 4 ticks back plus a tick was OK. Exit at 117 090 as it was important resistance. +5 (recovered and a very logical exit)
I continued to make other trades, but that takes care of the morning analysis. Also, keep in mind that my WGSR analysis had changed again to positive, just before 1000 so I would have had another series of levels to post that I would be a buyer at those levels.
In conclusion, even with a mistake (major mistake I might add), I did well following only what I posted here. 6.5 ticks from the above trades.