Got knocked out by a couple of pips russian30. Annoying, but nothing we can do about it.
Some might say, "oh but if your stop was just a little bit further away, you'd still be in the trade right now, and you would be in profit."
I reject that view - because where do you draw the line? 20 pips, 50 pips, 200 pips? How far could Draghi have spiked the Euro yesterday? No-one can tell us for sure - could have been anything. He could have just as easily as anything else said something that spiked the euro on its way to 1.40, no sweat. Where would we be then? Looking at a big fat drawdown annoying us for weeks? No thanks!
It's very easy for someone to tell you in hindsight what you did wrong, or for you yourself to tell yourself in hindsight what you did wrong. The markets are full of hindsight experts, and I don't waste my time listening to any of them, including myself. I'm happy to take any break-even trade, even if price only just triggers it. Because I know I gave myself a chance at high reward for zero or very little risk. That's all that matters.
The EUR/USD trade was a bummer this week, but the EUR/AUD chart is playing out wonderfully. I was patient for the few weeks it took for it to play out - a few attempts here and there, a few break-evens and a few small losses. But the market recognised my work and now I am getting my reward for it. Around 500 pips so far, with hopefully more to come
