Happy Halloween traders! Today the market had all sorts of tricks for us as it quickly spiked at mid-Frankfurt and then proved rather difficult to trade most of the day.
I got a few emails from various Elite Range Bar traders telling me that today was a bit of a struggle and I certainly agree with them! Unfortunately not every day offers easy opportunities no matter what market approach you use and that’s what makes trading such a difficult profession. There are always plenty of big days on the horizon with 50 or even 100 pips to be made but we need to be sure that on the tough days we remain as consistent as possible and hopefully keep ourselves positive (even if by just a few pips). Losing days are okay too as long as you don’t let them get out of hand and can walk away from the screens when things aren’t going well. The markets will stick around and there will be more chances tomorrow and far into the future.
Today was definitely a struggle for me as it was hard to find even 10 pips after not having an opportunity to get in the 50 pip Frankfurt run to 1.3100. If it wasn’t for the final trade of the day I would have only been positive in the single digits but that doesn’t really bother me. Getting through a day like today only better prepares me for the next day with plenty of opportunities that’s no doubt on the way.
You can take a look at how I traded this messy market in the video below: