This trade opened nicely on the buy side then turned with a vengeance and took us out in two bars. I was long at 0.6505 at the end of the 1600 EST bar. After a hesitation on the next hour's bar it shot up more than 25 pips and looked very good. Then, without warning, it fell like a stone and two bars later I was out at 0.6450 with a -55 pip loss. These things happen. We'll hope for better next time.
Happy Trading!
Happy Trading!
