I was short EURO on Friday going into Weekend

I was short EUR/USD going into the weekend but decided to get out.  What a dummy.  I knew it was a good call but I get nervous hanging onto anything overnight.  Oh when will it end.

Now Im long from 1.38.16 (caught the bottom, yea!)(this was written before the report) but I have a feeling one more leg down will come when the news hits.  But from what I see, there is a gap to fill that occured on Sunday night.  Im going to hang in there to see that hopefully happen.  Whenever I get in, I only start with a 3rd of my intended whole position.  That way, if Im wrong by one hundred (hardly ever) I can add big time to it.  I know the experts say never add to a losing position.  I have a  different view on that.

The first reason is, Ive been doing this a long time now and I pretty much know where significant levels are.  Two:  If you ever started a savings program with a mutual fund or anything that moves with the general markets, the theory is to cost average your savings.  Systematically, funds are added to the account.  As long as I put in a 3rd of my stack, Im good.  I can always make up ground when Im 50 ticks out by adding the remainder two thirds of my stack.  Now, instead of being 50 ticks off, Im only 16 or so.  That's my story and Im sticking to it.

GOING INTO NEWS:

I have an order to buy at 1.3806
8:36 AM  Changed order to buy at 1.37.90