Completely lost my guts on USD/CHF. Jumped in for a scalp long at approximately 8:40 EST.. Saw price move down harshly and made the call to get out at around -17 pips. My thinking was when that was getting me back to breakeven, I may as well just get out now since the hourly rate appeared like a major trend reversal in the creating (large engulfing candle).
Of course, as fate would have it - I had been wrong and price taken back up again after I shut for a reduction. I would#8217;ve hit my goal had I just stayed the course.
Trading this way is not for the faint of heart!