1. Staying out of the market during European hours (UK holiday), avoiding unnecessary transaction costs.
1. Assuming market will be dead and rangy through the day, especially since American hours started off on a dull note. However markets did move a little later. Due to this lack of alertness, never realized that the outrights broke NFP lows, and could have shorted to get a clear 2-3 tick move. (H6 breaking 9876.00; Z5 breaking 9921.00)