I spend a lot of time analyzing my trades. It's my nature to dissect what I've done to see if I can improve for the next time. In the past, and hopefully in the future, I consulted with catalog and direct mail companies. I helped them improve their mailings, hone their message a little better or streamline their operations.
Frequently in the middle of the assignment, the CEO or other muckity-muck in the company would call me into their office and ask me about some other problem they were facing. A lot of the time, the right answer was "Do Nothing."
Friday, the right answer was to do nothing.
The 3am Grid Prediction
The Rolling 12 month 3am Grid (see last post) predicted that a GBP candle of 41 pips had a 75% probability of traveling another 59 pips.
I set the straddle as directed by the grid. A few minutes later it tripped the SELL. A few minutes after that it hit the target. Boom, 59 pips. Day's work completed before 7am.
Now many of you might say, jeeze, this went down another 100 pips. You left money on the table. It's taken me almost 2 years of doing this to realize that there will be another trade tomorrow or the next day. The opportunities to make money are there every day. I made my money. Done.
Bottom Line
The grid did it's job and I did mine.
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