I just want to point out AGAIN how important being PATIENT and waiting for some good PA before jumping into a trade just because some pattern (whether it be a , traditional pattern, wave pattern, etc., etc.) completed. Although the PA did not work out this time, I did not jump in when the completed. I did not jump in when the completed. I did not jump in when the bat completed. I did not jump in when the completed. All of which if I had jumped in when those patterns completed would've cost me so much more pips! I waited and waited and waited for some PA before I jumped in after the bat completed. Again, even having PA does not insure that the trade will work out. Nothing is 100%. But it saved me A LOT of pips.
Don't try to jump back into this trade on a "revenge" trade. Cool down. Relax. Re-analyze. Wait for another good opportunity. Even if this pair does "look" like it will finally drop, just wait. Losing a trade is never the end of the world as long as you stuck by your trading pan and used sound money management.
On to the next trade......
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This is one of those experience factors that come into play for me. When you get a trade so very close to a MAJOR level like in this case, most of the time, prices will get to and test that MAJOR level before deciding what to do. Those patterns that filled were just so close to that level that I just knew it was going to attract prices to it. So I waited. Limited my losses to a minimum. So it didn't hurt much. Didn't need to endure much pain to know I was wrong.
The BIGGER blow to me was just frustration because I ha just put in so much work into analyzing this pair and this trade and it failed! Oh, well. Back to the drawing board......