Well...
trade got stopped...BUT!! (like a true fisherman I will explain why..)
I admit...I did hope for a short term reversal as I fell into the psychological trap of :
" ..surely it can't drop any further.."
I should have :
1) Waited for a more definite setup (the price already dropped below the H1 OB)
2) Trusted my time frame continuity which was screaming " we are not ready for a long yet!! "
3) Dont place a trade...and go to bed...(i didnt check the trade's progress..)
So..lesson for today : Patience...not hope is what will get you there...
12 pips loss (or Usd120,- ) is fairly excusable ...
let's see....
we're still 38 pips up for the last three days
trade got stopped...BUT!! (like a true fisherman I will explain why..)
I admit...I did hope for a short term reversal as I fell into the psychological trap of :
" ..surely it can't drop any further.."
I should have :
1) Waited for a more definite setup (the price already dropped below the H1 OB)
2) Trusted my time frame continuity which was screaming " we are not ready for a long yet!! "
3) Dont place a trade...and go to bed...(i didnt check the trade's progress..)
So..lesson for today : Patience...not hope is what will get you there...
12 pips loss (or Usd120,- ) is fairly excusable ...
let's see....
we're still 38 pips up for the last three days