3am GBP Grid Stumbles Again

For the second time in three days, the Wednesday 3am Grid gave a bum recommendation. I guess it should've been expected given the uncanny run it had for most of the month. Still, any loss stings a little.






The 3am Grid predicted that the GBP would travel another 50 pips for the day with a 73% probability.







Within the hour of closing, the GBP trips the SELL at 1.4591. Almost immediately retracing 75 pips taking me out of the trade. Seconds later, THAT candle retraced again forming an inverted hammer. It was all academic at that point, I was already out.





Bottom Line

Not much to learn here. Sometimes the market gyrates wildly and kills your chances to make a profit. I'm not one of those touchy-feely types that recommends embracing your failures. By definition, I only enter high probability trades. When those probabilities fail me, it doesn't diminish my chances to succeed the following day.