|$EURUSD - 240m - 3/7/2011|
But in this rumor driven market, 50-60 pips can take place within minutes, and my trailing stop was triggered relatively quickly (3).
In hindsight, I should have kept the trailing stop loss order well above the prior day's high, which means I would still be in the short position right now.
But once I realized that my original target of 1.3100 was retested and failed, I probably got too aggressive with my trailing stop.
Live and learn, but at least this ended up being a respectable swing trade...NEXT!