Opening Range Break - Closed

 Happy Monday. Didn't do anything last night as markets opened, so looked at charts today. 
With daily below the cloud, hourly above the cloud and 10M above the cloud, chose to play it long if there is a breakout, as there was a good risk/reward (Risk 5 for 11). That came at 0824hrs and was stopped into the trade:


BOT 1 X ZB@125'22, Target 126'06 (12 ticks range -1), stop 125'22.

And quickly, prices started to come back from the highs, and hit my stop. At 0836, was out with a loss of 1R.


And then the psychology takes over. A quick loss for the morning makes you doubt yourself. I watched ZN, and by 0930, the dynamics had changed with the 10M going beneath the cloud:


I watched prices come down, have a bottom of '040, so a great 8-tick reversal would have been to get in at '080. Then saw prices going up (towards where I want to get in short), and got chickens**t, as I was afraid that prices would skyrocket through the cloud, as I was reading it all wrong. Well, I was wrong with not taking the trade, as it would have paid for my loss from the ORB. 

They say that the mental game is the hardest part of trading. I believe it.

Will I see if I can get into a short position today? Don't know. May just wait until tonight.

Update 1330hrs: Well, I decided to put on my big boy pants and take a trade. If I have a valid setup, there is no reason not to. So, Low was '035, so put in for 8-tick reversal. Price worked its way to a low of '015, so changed my entry price as it made new lows. Cancelled my working order now, as there are no retracements going. I will have a look tonight. 


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