My first trade of the day was in ZB at 9:20AM. This position was closed as the stock market was opening. I brought my protective stop to BreakEven plus a tic and it was hit.
The second trade in ZB came at 9:50AM. This was on a failure of the Spike Reversal, and looking for a continued downtrend. This did not materialize and my full protective stop was hit. This trade was not a winner.
At this point in time, I decided that the bonds, currencies, and indices were in a trading range and stood aside. I, then, turned my focus to the opening of the grains.
David AKA Tiger
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