DislikedHi priceaction and Jakdan. The moment of the bar with the arrow, the KC was sloping up strongly. The bar with the arrow was a 61.8% Fib retrace with the previous bar and a 38% Fib retrace with the last swing. It made a higher high in an all uptrend (1 hour and daily and weekly).Ignored
In my opinion, the biggest reason not to enter a trade this morning was NEWS.
The markets are random and a trending market is best suited for any edge which works on a trend. When the market is awaiting news, there is often no clear trend. That's not to say profits can't be accumulated; it's just that trades have a lower probability of working out.
Whatever edge a trader uses, no trading before news is a good rule to follow.
Rob