It’s Wednesday morning and I couldn’t get up early so I decided to skip a session. That’s ok, I’m already up 74 pips for this week so there is no need to beat myself up. In hindsight it looks like there were 2 x 20 pips to make at 10:42 and 12:00. However, it’s always easy to be smart about it in hindsight so I better stick to the trades I actually worked on.
Monday was a pretty easy day, everything was aligned. As long as you stick to the trend and let the razor do its job you’ll be fine.
Tuesday looked a bit different. Low pressure on the hour and hard-to-see entries. Again, stick to the trend and watch the razor. Actually I should have set my profit limit to 5 pips on a crummy day like this but then I decided to do it hard-core style and manage my trades manually. I have to admit that I got just lucky with that second trade and with the third one, when I kept my finger on the trigger, ready to get out immediately, if the news at 10:00 went wrong. This is against our institutional rules and it can blow up in your face in a fraction of a second! So leave your stop loss at 10 pips and when boredom or greed finally get you and force you to pull the trigger, your account will be protected.