Bad trade

My limit was hit and from there the Aud/Greenback went much higher. I took a loss in this thing (0.7594) because of the better then expected unemployment numbers that came out today. FX360 is still short this pair because they have a stop loss at .7722...sort of far from here. Even if the pair recovers, it is not prudent to hold it. (FX360 does longer term trades.) I mitigated the loss with a smaller profit afterwards on the US/CHF.

My mistake? I should have set the limit to short about 10 pips lower then where FX360 made their trade, and then I never would have been in it. See account update here.

How to avoid another mistake? Don't ever stay in a losing trade hoping it will get better...wait for the next one.