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Thanks for the insight. I eventually took one trade (bad me!) and came out ok. But I'll keep that in mind for future reference. |
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If you can get in and out in the conditions that were present tonight, and still remain unscathed, then you are doing just fine indeed!
Conditions tonight were absolutely horrible, as you can probably attest. There was no direction, and the price bars just refused to stack up nicely upon each other after the European session opened. It's nights like this that people end up losing their shirts unnecessarily. And the psychological stress of seeing trades go into and out of profit repeatedly is taxing as well. You might have just about as much luck tossing a coin in the air as playing in this mess. Even UK positive news (CBI trends) failed to kick start a rally - instead, it just whipped around like a chicken with its head cut off. There's obviously a time to trade, and a time not to trade. And tonight was definitely one of those "stay out" times.
Good job for keeping your shirt on during the crappy cable action tonight!