Good patience on execution. Waited days for the level to hit, then entered on S&P open with m5 TL break in the D zone, 10 pips off the lows. The trade moved straight into the money with zero draw down, but with Easter and NFP looming it was slow going, remaining range bound for the next 24 hours.
I closed prior to NFP, concerned about event and weekend risk. The prolonged range and lack of bounce also bothered me. On balance I thought it best to square up and reconsider next week.
In dollar terms this was the wrong decision, as the dollar weakened on disappointing jobs data, sending euro up to my second profit target. Closing early cost approximately 50 bps in performance...fuck, but I'm ok with the decision. Had it gone the other way I would have been more upset, and I wasn't going to trade this pattern at all until Monday, so a +27 bps gain was a bonus, and I can always re-enter if conditions are met.
