AUDUSD Pains

In my last post, I talked about tilting and taking an oversized position on AUDUSD. This is a small follow-up to that post.

Looking at AUDUSD today, the pair stalled and then sold off in the direction of my original (oversized) short position.

AUDUSD 1-Hour

This is a reminder that you can be right and still not make any money. Timing matters. So does treating it like a game of statistics. It may sometimes take more than one entry attempt before the breakout momentum actually takes off.

Lesson learned: go for the easy money trades, but it may take more than one attempt to capture the move.