Yet again, the market is acting strangely; a 24Hr high due at the end of the day coming out of a multi-day low should have meant a trend day to the upside, but instead we have seen yet another premature 24Hr high and a move lower. I mentioned this morning that these frequent half span-type shifts of the 24Hr cycle have made me very leery about feeling too confident in my projections. That of course, did not stop me from trading a few high probability trade setups - none of which went in my favor. While I do not (and should not) kick myself for placing these trades, the fact that all of them failed to work tells me that either: a.) I am seeing and executing the setups poorly; b.) the market is not doing what it normally does under similar short-term cycle setups; or c.) both of these things.
Regardless of which answer is correct, the proper thing for me to do at this point is take a much needed break from the blog and trading. While this blog has only been up for roughly two months, it arose out of postings to a private community blog to which I have been posting since the beginning of March. My enthusiasm is waning, my trading performance is below its normal dreadful par, and my brain is fried. Hopefully I will be mentally recharged and back posting in September.
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