EURUSD NFP Breakout Profit Turns to Breakeven!

Posted on Sa 06 Oktober 2007 in Forex • 1 min read

  • Forex tags: [] meta: _aioseop_keywords: Forex, Currencies, Trading, Oanda, Euro, Dollar author:

    My short breakout limit order was triggered when the NFP report came out. I went short 200 units of EURUSD and was sitting on 50 pips of profit when I decided to sell half. Well selling half only works when your long, I was short! I should've bought half!

    Needless to say that mistake cost me my 2:1 reward to risk ratio and by the time I recovered I closed out the trade at breakeven. :)