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Sometimes others get to play and you don’t. Today, Friday 04/01 was such a day!

I wrote an article with the headline "Sometimes others get to play and you don't" some time ago and today (Friday 04/01) was such a day. And I tell you, it is difficult to watch markets are going my way knowing I could have made my shares for April but I missed the trade. Well, I haven't missed the trade actually because it wasn't my train. Here comes what happened.

At 7:30 AM CT this morning we had a nice set up in the markets I was watching: Silver and Gold to the down-side. Below the Silver chart at 7:30 AM CT.

As you can see, a wonderful hook with a possible Traders Trick to go short. Enough room between the entry and the hook, perfect pattern,... just looking good to me. Unfortunately, we had 3 important reports coming out this morning exactly at 7:30 AM CT and I am not trading around reports. Too bad, market went down and is still moving lower as you can see below.

Now at 8:30 AM CT the market has dropped too far already and I am sitting on my hands!

Yes it is true. Sometimes others get to play and you don't. :-)

Have all a great weekend!

Andy

 

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Monday, 20 November 2017

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.