I think, at least for me when I changed my (fixed levels) to a more dynamic approach by using my head also and not indicators alone; was were I went from BE to profitable....
So when we have as you said a 200 pip range (beginners) think they have been catching the trend only to loose their profit and reverse a position... I am not that guy anymore,
Can be a very daunting task, by reading this forum I get flashbacks of annoying trends,
I remember I had around 6500 usd in at EJ for almost a month and I were really starting to get greedy, lost almost 4000 when it reversed on me...
Never doing that again,
This have happen to me before though in the stock market, but there we have a opening gap which you cant control so its calculated in (we opened down 11% in 2008 when I thought we had reversed) holy sh!t that was annoying, just left the screen...
In Fx there is no excuses, you can exit at whatever price you want pretty much, which is relieving to know...