Well that missed trade ended up being the spot trade for the NY session.
Going from 1.3617 to 1.3258 which comes out to 359 pips.
Bah...I was so close to pull the trigger. I should have checked the long term charts 1 and 4hr. It clearly showed a descending trendline in the 1hr that was overlapping with a daily pivot and weekly pivot zone with pressure from the 1hr 55 and bollinger band going into the long term trend.
I have got to wake up at 300am(HI) to begin to get a feel for the market so I can look for the spot trade that occurs between 4:00am-4:36
I also must remember the pre market whips caused by hedgefunds.
Ah well I chalk it up to world experience and atleast I caught a nice trade in the London session locking 15pips in for half my size and the other half at 22pips.
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