No matter what anyone says, trading does involve an element of luck. When things are really going your way, those ‘flyer’ take-profit orders get executed and then it’s easy to sit on the bid on dips and re-load.
My ‘flyer’ order above 172.00 didn’t quite get done and now we are over 100 pips lower. I certainly don’t want to lose money on a trade that has been well in profit but I also don’t want to be selling into weakness (when I should really be buying dips!). The dilemmas of an FX trader.
I’m sticking with the long trade for now with a tight stop below 170.00, let’s hope I get lucky 🙂