SL hit on EURGBP yesterday for the first time just after the ECB conference, with EURGBP falling below 0.853 for a loss of 30 pips. Later in the day, EURGBP rebounded, and I thought... let's have another pop and got long at 0.854 with a SL at 0.852. This morning I got stopped out of that too. All-in-all for a loss of 50 pips.
I see EURGBP rising again now... and I'm tempted to have another pop, but over the weekend there's just too much risk there, plus it's always good to know when to cut your losses, and this is one of those times.
One of my favourite clips below... I present Bush on Fool me Once:
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