A devastating trading day in my life Aug 7 2016; with GBPUSD recovering on such weak US retails 70 pips to my direction(north). Market decided to reverse like i never seen in my life. Such reversals u seen only on NFPs and FOMCs, today was a regular Friday. How can we explain this market brutality, words cannot describe... i was so close was to exiting with minimal loss, had my mt4 not frozen up on this huge spike. With my charts out off place n my PC all frozen. I restart PC, without having access to my charts. I open MT4 n discover 30-40 pips already reversed. i try to get my charts up so i see whats going on.. and i realize this is perfect sell off point right at the channel edge (1.3034) on 4H the pin came at the precise level n then bears took over.....by the time i had my charts 70% of reversal had occurred...given it was such weak news for USD, i decided to hold but nothing could prevent from stopping USD from advancing, across board reversal continued... brutality at best. The market is never friendly.
I withdrew 4x the amount invested before this day, a winner by world standards (not my standards). My myfxbook may not look as pretty as before & may raise eye brows, but i remain at large GBFX with 400% gains, staring into the eyes of market for another comeback. It may not be easy this time, it was never meant to be easy...