This thread is for all those trades that you thought would be Smexy but got messed up instead! hopefully some of us can learn by our mistakes..
Heres the first one to kick start things. I was going to go long the Aussie on optimism over a Greek deal being done. After news came out that the meeting had been cancelled the market dropped downside stops and rallied higher on profit taking. "Sell rumour buy the cancelled event". I decided to cancel my trade and take a 1 pip loss but look what happened after :-( And before you ask my Buy limit was 6 pips from the low!
Heres the first one to kick start things. I was going to go long the Aussie on optimism over a Greek deal being done. After news came out that the meeting had been cancelled the market dropped downside stops and rallied higher on profit taking. "Sell rumour buy the cancelled event". I decided to cancel my trade and take a 1 pip loss but look what happened after :-( And before you ask my Buy limit was 6 pips from the low!
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