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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. |
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Now at 8:30 AM CT the market has dropped too far already and I am sitting on my hands! |
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Yes it is true. Sometimes others get to play and you don't. :-) Have all a great weekend! Andy |