A classic buy the rumor, sell the news day. I was long on GBP/USD before the release of US economic reports. And I got confused and angry with how the market responded to these data. As the day progress, my anger and greed finally took over my rational mind and clouded my technical judgement. If I did what I did this morning - following the same exit strategy in taking profits: +32 (USD/CHF) and +26 (USD/CAD) - I should be able to escape with a small gain on this position too instead of staring at a 61 pips loss. What a lesson!
So far -3 on the day, believe it or not, still even steven for the week! What a waste of efforts! Hope I can make tomorrow a positive one....
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