Hi traders out there,
After the big pips yesterday I continued my pips hunting with Cowabunga today on Long position as the 4 hr chart remain up.
I took my first trade at 13:23GMT @ 1.9869 and risking loss at 1.9838 from the most recent swing low. It’s 30 pips away so I set my risk as my target of 1.9898. Unfortunately after 15:30GMT the highest pip gain was only 1.9887 at the close of the candle. But I continue opening my trade, and forget about the next news coming up at 16:00GMT on US Home Sales.
I only realize about the news at 16:26GMT and price continue going down all the way to 1.9837 passing my stop loss at 1.9838. Eventually as a result I loss over 30 pip on today’s trade, where in fact I could gain pip of more than 20. It’s a silly mistake and I don’t write down the next news data. Lesson learned the hard way.
