Made a total loss of 121 pips. What happen? Yeahhh gbp retail sales, forgot about that.. it all went well until that stupid data came out, hit me pretty bad, a loss of 103 pips, and all i can say is damn! Lesson learned, don't forget about big news next time i'm in a position..
Another lesson learned is take only a bullish or bearish divergent bar when there's an AO divergence!
EUR/USD
Made a total loss of 110 pips. What happen? If I look at the 4 hour chart, this week we're in a corrective wave, price inside the alligator creates a big sideways market, no wonder i got whipsawed so many times. Well, lesson learned, be careful when the price inside the alligator mouth, when you trade hourly, look at 4 hour chart to see the overall trend. if you trade 4 hour chart, look the daily chart. Practice makes perfect, you can always learn from your losses..
GOLD
This is a good one, made a total profit of 106 pips. What happen? Bullish divergent bar on hourly chart, AO divergence on 15 min, hourly and 4 hour chart. Gold's bullish run reaching its end, time for a correction, momentum is decreasing. has it ended? don't know yet, price rebound at the up trend line in the 4 hour chart. Hopefully next week it will break the trend line, we'll see...
AUD/USD
Still hold position, trying to use the daily chart for this one. We'll see how it goes... :)
This week total losses are 125 pips...Next week will be better... :)
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