ForexSpirit

Something which I had forgotten but was unfortunately reminded to me over the Easter break is just how painful it is to sneeze when you have lower back pain. You wouldn’t think you’d use a lot of your body’s muscles when you sneeze, but oh boy, you’d be wrong.

There was no single event or trigger that caused this new onset of back pain, so it has probably been the accumulation of some bad habits or not enough stretching. In the past it normally cleared up with two days but this time around it’s been a whole week.

When even sitting or standing are uncomfortable it makes it that much more difficult to concentrate properly, especially when trading.

I split my time while waiting for setups this morning doing some research into decent stretching exercises I can perform to hopefully reduce any muscle imbalances I might have.

As I tried to get comfortable when I first opened up my trading platform I saw that we were back to testing the high at 1.4650 from last Thursday. There had been a bit of a pull back already in the 5:00 EDT hour, which I surmised had a little ways to go yet, maybe down to test 1.4600.

Bias: short
Conviction: medium

The first two trades (which are the blue and green sequences on the chart below) were attempts to ride a move down to the round number at 1.4600. Both were taken out at BE after not being able to overcome support at 1.4610.

The blue entry was based on the breakout below 1.4616. The green entry was based on the small breakout failure above 1.4616 and the pullback into the 1.4610-6 range.

The red entry was a much clearer breakout failure, with price breaking below 1.4610, bumping along 1.4608 before coming back up into the prior range.

When price dipped to 1.4607 at 6:44 EDT I considered adding a second leg. I felt that it was too close to my first entry price so I passed.

I was originally just going to TP at 1.4616 on the red sequence, but with the way price moved up so nicely I held it a bit longer. When price stalled near 1.4618, a previous barb wire area I got out.