My Forex Trades For W14 2020 – More Losing Trades

Here are my Forex trades for week 14. It was a losing week, but I’ve managed to actively manage the trades and limit the losses. My overall results are still more than good, so I just have to continue following my plan.

Here are my trades for last week:

USDJPY:

Daily time frame indicated a strong change in overall trend:

My Forex Trades

I think that the problem with this trade was that I didn’t give enough weight to MACD indicator and that’s why I decided to change that in the future. When I compare my winning trades with my losing trade, I see that winning ones have this MACD “hook” and losing ones don’t.

I decided to enter the trade after a pullback on H1 time frame. I have entered the trade after a breakout of short-term trend line, but bulls immediately started pushing the price in the opposite direction (rejection after trendline breakout):

The trade ended with 20,67HRK loss.

USDJPY(again):

I took a trade on the same currency pair the day after.

The entry was almost the same but I followed my rules regarding the MACD and ADX:

Active management of this trade was a good decision because I have managed to limit my loss to only 8,60HRK:

If I didn’t do it, the trade would end up with a much bigger loss.


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