I am bullish peso up to 12.65 area. So anything above 12.85 for me is a sell. Thus, I entered short usd/mxn at 12.8569. Stop at 12.92, limit at 12.65. I might cut it if it hits 12.7 but wanted to give myself room. 10k (usual trading size for me from now on).
Closed it at 12.8363. I jumped the gun as a feeling of malaise took over me. Saw usd/mxn retracing, light flows because of columbus day, and i didnt know the logic of the movement so decided to cap my gains. As we speak its hovering around 12.82 so i definitely left some upside on the table. thats ok, lesson learned :(…trade could have gone the other way and then id be even more upset.