GBP/JPY Long @ 138.56 (Stopped out @ 135.30) Lost 300 pips - Went long again at 134.30 (now is up 300 pips)

The GBP/JPY long trade I had open lost out and lost me $3000 some sucks. OUCH! It seems EVERYONE was "fleeing" from the pound as they usually do just before rate decisions or other important BoE announcements. My stop was at 135.30 and as you can see on the chart i lost out on the swing low. Pain full to watch but hey that's the way the market goes. I try to maintain a disciplined approach to forex trading so on some trades I may lower stops to give breathing room and others I'll just take the loss and wait for movement to reveal a better price to me

This pair I did that - After the stop was hit I waited for a bounce to catch the upward wave. It is now a good trade making up for the loss I just took - You may be laughing at me since I'm still nursing the 300 pip wound I suffered but that's ok I'll survive.

Re-Enterd this trade Long at 134.30 it is now up 300 at 137.12 as of this writing. My stop is at a positive 50 pips - I did not use a stop on this trade as I was awake and in front of my machine so I didn't use one knowing that if price continued downward I would simply close it myself. Turned out I didn't need one as price rocketed back up to the cluster zone of (137-140)