Today was a very exciting day in the market. So excited that I started the session a good five minutes early in order to hop in a trade. Usually I would wait until the 8:00 hour hits to start day trading, but this opportunity was to good to pass up. What I came across was an abcd pattern, at a 161.8 extension, with a double bottom containing RSI divergence. I mean, what else can you ask for to start your day off with. After entering the trade I began making my way around my other pairs and noticed another pretty good potential setup. I rarely take an aggressive trading approach, but for some reason I felt really good about this trade so I went ahead and set my limit orders. While waiting for both of these trades to play out we had some pretty good conversation in the room, but to make a long story short, the trade that I was in came within 6 pips of target 1 (75pips) then came back down to break even. While this was happening, the trade that I set limit orders for just missed getting filled by 1 pip before rolling over to achieve what would have been another 75 pip target 1. So what was a break even day in the room for me (some people grabbed some profit) could have easily been a 150 pip day. Sometimes we just come up a little short. Great test of psychology though. ;_
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