Went long 1.24545 before 6pm breakdown. Disregarded Daily downtrend. Large 60usd drawdown at 1.23900 bottom. Wasnt able to buy for the reversal. Surprise reversal to 1.24650 after US open.
- Respect the power of mean reversion.
- Mentally rehearse drawdown scenarios to be prepared.
- When there isnt a high probability opportunity, just dont trade.