Feeling protected

Euro had problem to brake 800 and usd/jpy made higher low, so I thought that best chance for reversal would be in usd/jpy if it happens. Also if it is false break down on higher t/f it would come back up nicely. I exit first trade because it looked like it will break down fast, but it didn't. On a bounce usd/jpy was the weakest to recover so nothing came out of second trade.

London had holiday so it was slow and suitable only for 5min swing trading in the morning.






Later I was trading the news, as soon as spread came back to normal I shorted. Apparently there was some bad news also in the bundle, so it shot right back. I was in panic, what to do? Move stop, than in my head popped "You don't move stops any more, remember". I was waiting for -20 to hit me because I just didn't want out on a good news for usd. It stop before my stop and 800 level and I thought that maybe now the good news for dollar will slowly take eur/usd down. It was slow. I felt kind of protected with that stop while waiting. It was fundamentally o.k. to be short, protected with stop, great let's ride it on. It was fighting level by level down but not much. Gbp fell pretty hard before my exit, eur didn't so I felt that there will be reversal back. I could hold it but it's not for me, I gave it a chance.

Best thing today was that feeling of being protected by a stop. When you move stops than you never know to how big risk you will expose yourself until the end of day . So, you are nervous. With stop I felt kind of relaxed. Now I can see benefits of having and respecting stop levels.

+8 pips