On the past Tuesday EURUSD offered a trading opportunity.
I did my long entry on a clear signal with initial risk of 9 pips and looked good for a bought 20 minutes.
1st target (13 pips) with a risk/reward ratio (RRR) of 1.5:1
But this time greed got hold of me, knowing that the news of Consumer Price Index from Germany was due to 13:00 I should be closing all position at 12:50, in this case I lost 9 pips instead of 2.5 pips.
On the other hand thank god for stop-loss and for those who don’t believe in them here is an example of a catastrophic loss if you had not used.