Last week was a loosing week but that’s nothing strange considering the current global situation. I have made sure to limit my losses and I’m sure that last week will not have a big impact on my overall result.
This was a sell-limit trade and it happened during the night, so I’m not able to provide the screenshots at the time the trade was open:
This trade resulted in 36,74HRK loss.
Daily time frame was indicating very strong trend change:
H4 time frame was showing a well established downtrend:
I have decided to enter this trade after the price breaks a small consolidation area on H1 time frame:
It seemed that the trade will work out as I planned so I decided to move my stop-loss:
After some time, H1 time frame indicated strong bullish rejection, so I’ve moved the stop-loss level even further and I got stopped out:
The trade ended with a 20,67HRK loss.
It seems to me that I have entered both of these trades too early. In the future I will give more weight to the MACD indicator because in both of these cases, it didn’t indicate some kind of trend continuation.