Interesting “trading” day today. I watched the USD gain strength last night. Shut down around 4am for a short nap, and I had incomplete data. The info stopped at 1900 hours last night, and restarted at 0400 hours. That means, no matter what, I won’t begin a new position.
This is the first problem I’ve had with FX Solutions data delivery in months. While I chose not to trade the short moves anyway because of my previous analysis, and will not trade against trends on mid-time frame charts unless it’s totally supported by obvious stength/weakness combinations, I would have liked to have watched… So not matter the missing chart data, I did not miss a trade.
But even if things did have the proper time synch, I STILL couldn’t have traded today! I had to take my grandmother to the emergency room. What a freaky day! Anyway, she’s still at the hospital because she now has cardiological issues and needs to see the cardiologist.
So what’s the lesson to be learned? Stick with your rules. If I had tried to trade against my prior analysis, the situation with my grandmother could have lost me a lot of money had I not stuck with my guns. I’ve done it. I don’t care if I miss a move against what I think will happen - but trying to trade one of those counter-analysis moves and then not being there to monitor the trade periodically HAS lost me loads in the past.
So while I didn’t make any money trading today (or rank in the Forex Challenge), I at least did not lose money.
I haven’t had a day like this in ages. Mercy. Don’t violate what you know. Part of discipline is integrity.