EUR/USD - Not my night, but lessons of the past is VALUE

27 feb 2023EURUSD

After the garbage trade on USD/JPY that went to breakeven earlier, I looked at EUR/USD and took a short.

This time I wanted a TP at previous week lows around the 1.05362 area, which would had been a nice one to start the week.

But it went against me a bit (a good bit), but I held, not because I was bag holding, but I held in the direction of my longer trend bias.

So price action did come back in my favor.
So this is where I checked my greed, price came back to my entry level, and in my past life, after going through a nice draw down and coming back to break even, I would keep holding for a bigger pay day, but most times, price action would pullback against me even harder and I would be rekt and blown up.

Today, I was happy to close out at breakeven for +1.5 pips.

Trade management is THE #1 key to surviving and success.

Trade well.