Damn News
Last night there was some US news which caused my (in competition, I haven’t been trading AUD live because of my trouble with just these types of spikes) AUD position taken out for a very small profit by my trailing (manually) stop loss, it was a bit of a bummer since it was just a spike to just a little beyond ATR downwards, I was at the computer (just about to go to bed) when it happened and I was very tempted to put on a long position when I saw it get to what I figured would be the bottom, though since I couldn’t actively manage it I wasn’t going to risk it, a pity because I could’ve made about 60ish pips if I had taken it… It’s always so easy in hindsight isn’t it 
Luckily my USDCAD positions held.
The lesson learned? ATR is a good guideline for a trailing stop, though so is support/resistance!
Update: Hindsight is a great thing, I’m lucky I didn’t go long after getting stopped out, there is some retracement or consolidation that has been happening ever since I made this post, The loonie (USDCAD) is still working ok for me, for now at least. THe Bank of Canada will be releasing CPI data shortly, so I might make a heap or lose a heap, good times 