Trade #7: Closed
This trade felt like an ice-cold shower. 
I got stopped out @ 61.64 at a loss of 30 pips at the US New Homes Sales data release at 15:00 GMT. Really amazing stuff – NZD/JPY just plummeted about 40-45 pips, and then within another 20 minutes it went up some 65 pips (of, course, following DJIA’s action). It’s one of the best trades I’ve ever taken. Ha ha! Yeah, right! It teaches humility; you are brutally reminded that forex is not your business; it’s Big Shots’ business, and they know where your Stop Loss and everybody elses’ Stop Losses are (logically, a little bit below the previous support, right?), they have huge resources to move the market temporarily, and they go for it, and some more. The only way to profit is by going with the flow of the big shots. Gotta learn this. I’m sure that trading on “Friday, last day of the month” is also a big “no – no”.
