It’s unforgivable to fall asleep while trading. From now on I’m implementing a new rule, if I’m tired, I will NOT scalp!
I’m just glad the market gave me a chance for redemption.
Check out the chart.
You’ll notice that the channel has been broken, and on the hourly, there was a possible aggressive entry there.
There was no decent retracement for the entire move up, only a consolidation around the 1.2450s and again around 1.2500s during the asian session.
It’s NFP friday! Something tells me there’ll be very big moves tonight.
The previous reading was +431 and this month they’re expecting a reading of -106, that’s over a 500k difference!
I believe due to this great difference, the actual reading tonight will deviate from the expected reading by quite a lot. This would result in a lot of volatility.
So I’m playing it safe, sitting out for today.
