I woke up totally blown away by the intervention in the Swissy. If you happened to be on the right side of the move before the event, you pretty much made your month! Love to say I milked every inch of that trade. Fact is, I was never even in play on that currency.
However, a short play in the GBPUSD caught my interest yesterday and I put a pending order in to trigger at my price. Almost on command, price rallied up to my sell order getting me short. 18 pips later, I was stopped out as price continued the rally and then met with some strong bear action. What did price do after that? Dropped hard to my target 62 pips away. My usual routine after a trade is to reflect on how it played out. When you are right at the wrong time, those can be frustrating. For me though, I can see the error and it was simply missing a better shorting area about 25 pips higher.
The keys for me after this trade are simply:
1. I kept a good risk % of the account that will allow many losing trades without a severe impact on the account.
2. The r/r was respectable.
3. There was a plan to this trade.
4. I accept I missed a better entry.
