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Although there was sufficient evidence to short the GBP/USD - technical analysis said short at 2.0850 and my charts said sell at 2.0750 and there has been a 100 point move. I have to say I am out of the market and have not traded today. I am flat and have just watched a 100 point move in less than 30 minutes, 200 points in an hour. This is the kind of day where emotions can take over, gambling instincts are dangerously active and I’m staying out of the market. Whilst I favor correct understanding of fundamental factors that move markets, today the market is insane and I’m square. Yes, I should have gone short, but I’m willing to take this as a learning opportunity. Heck I know how to make pips enough to not beat myself up anymore for this kind of move. Especially as I’ve totally resisted trading on this occasion.
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