UK GDP and Euro Short. Friday
GDP was scratch
Then I was short the eur (cause of 77) and it started falling fast so I tried to jump on the GBP short to. Never enter after a spike has finished and is about to reverse just because u want to be in the market thats just dumb. Also I didnt have a preplanned exit cause I thought it was going down.
Then problem: got stopped out and then re-enterd got stop and re-entered again etc.. so next time wait for the 15 min candle to close then re-enter on that candle if it looks good and if u miss the re-entry well walk away tomorows a new day who cares take the loss grow up
(it did fall 80 pips from top of reversal btw!!)
EUR g out (-15) in (30) e out (-20) in (35) NY e out (-20) in (35) c out (-25) in (40) out (20)
Lesson: Dont chase a trade. Wait for 15 min candle to close and then see see if you can fade it.
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