Ok, so last night, the charts went against us, and they told us to get out of dodge...
It was only a 50 pip loss, so no disaster, and you have to expect losers and hope for winners - that is just the nature of the game. Following proper money management, this will not be a big issue... After all, so far for every loser we are having 2 or 3 winners.
The stop loss was not hit, but the technicals on the chart says to get out, so that is what we have done - it was ironic that it came out at exactly 50 pips (I only put a trailing stop of 50 pips when I am guaranteed a return of 50 pips...).
What is really reassuring, is that the strategy is working - exits are the most important thing, and the ability to mechanically get in or stay in is a big bonus.
Looking at the chart, I was hoping for a breakout, and we got stopped around resistance, so it all adds up... The EURCHF is whipsawing a bit, we had a bit of a runup, and at the moment it can not decide what it wants to do, but no worries, I am sure we will be back to winning ways very soon.
Happy trading!
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