Good morning all! Can you imagine that I was awake and in front of my trading station around 3am... and I didn't take the trade?!!! I had just finished setting up my charts for today's trading and I saw the opportunity clearly but I dismissed it knowing that a lot of similar opportunities kind of wait around till the opening of the London session. I also wasn't prepared to stay awake to manage the position. I woke up to find that the market had moved by nearly 70pips!
Now I'm reluctant to enter a Short trade even though the overall market direction is still southwards. The market has put in so many pips already and besides, there's slight positive divergence on the 15minute chart. I may still be persuaded to take a conservative Short trade if I get the opportunity; let's see how it goes.
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