Entered into 3 losing trade yesterday. Sold GBP/USD at Euro session. The trade setup for GBP/USD was completely wrong as the price and short term MA has not pierced through the lower long term MA. Got out with 13 pips loss after almost 2 hours of uncertainties. It could be the Bank Holidays around Europe that cause the low volatility. 20 minutes later I longed USD/JPY, and it was a wrong move altogether as the RSI showed overbought and MACD showed downward trend developing. Got out with 18 pips loss.
I entered into EUR/USD with the same Speed Strategy, however I disregarded the RSI indicator. Ended up with 32 pips loss. Got to be extra vigilant on the entry timing and the signals. Overall lost almost 5% of portfolio from these 3 trades.
I entered into EUR/USD with the same Speed Strategy, however I disregarded the RSI indicator. Ended up with 32 pips loss. Got to be extra vigilant on the entry timing and the signals. Overall lost almost 5% of portfolio from these 3 trades.
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