Was holding a position from yesterday’s trading. Overnight it went in other direction quite a bit and then retraced somewhat to where I had seen it the previous day. As the trading session opened the price spiked little bit but not as much as I had thought. The price action seemed strong overall.
I left my exit order at breakeven from yesterdays buy and closed the platform. The price hit my target and went further for another 10 ticks. I was just glad to be out of the trade.
The price fell down after that and I was expecting that.
Placed another trade at midpoint price towards closing. It retraced just a little and moved up as I was expecting. Bounced around little bit and then hit my target.
|2/27/2019 10:26 (buy)||57.3|
|2/28/2019 9:33 (sell)||57.31||+1 tick|
|2/28/2019 12:53 (buy)||56.99|
|2/28/2019 13:28 (sell)||57.23||+24 ticks|
- Place a trade when there is time to watch it after studying the price action
- Need to manage the trade and not leave it on for overnight sessions.
- Some days the market can show where it wants to go and do – pay attention