EURUSD Short -28pips 0.2 Lots
It took me a while to write down this trade, as it happened on March 9th (two weeks ago), so I have to try hard to remember. The basic premise was that I expected the USDX to continue higher, and therefore, foreign currencies to drop against it. In this case, the Euro was giving me a setup after having taken out the highs previously.
Dollar traded lower, Euro traded higher from my entry and took me out at -30 pips with 2 lots.
Thinking I was going to be able to get something back by filling in a void, I tried to get short at 8:30am NY, but realized fast that it was a 'revenge' trade and got out for +2 pips which was smart as Euro went even higher after that.
There are going to be losers in trading and I need to accept that, I had not had a losing trade in a while. What's important to learn is that I'm being more right than wrong in this small sample size, but I'm not getting as much reward. I need to get to at least 1:1, as right now, this single loss put me back substantially in my account and that's unacceptable, I'd like to frame 2:1 trades if possible going forward.
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