EUR/USD hit my sell limit early this morning and then came back and hit my stop loss.  In retrospect, I believe that I made some critical errors in this trade.  1).  I was trading on emotion.  By this I mean that I was reacting to a wide-range body day that had just breached support and I was afraid to miss any of the action.  So I quickly entered an order before waiting for a better buying opportunity on a retracement.  2).  I was trying to be too precise with my stop.  I placed my stop too close to my entry, and didn't really have it in a logical place (like just beyond resistance, a recent high, fib retracement level, etc...).

So, while this was a loss, it wasn't a total loss.  I've learned a lesson with this loss that will hopefully protect me in the future.

Trade 7 Profit -

• Trade 7.1: -52.3 pips
• Trade 7.2: -52.3 pips