I have been on a losing streak, I know why. Because I have been getting into position pre-maturely, losing patience as I wanted to recover from my loses, but the loses keep piling up.
I noticed that I have not been able to identify the prevailing trend, I notice that I can't tell the trend is changing from price action and that is one of the reasons I lost.
Today, I found the proof. I entered 3 trades, 2 using my recent planning and 1 used MACD as a confirmation. And the last one worked.
Here is the deal, I have been too confident about my ability to tell the trend lately, but lost sight of the trend is in fact changing. The 2 lines MACD, is the one that I have been looking for, when the fast line is above zero, the trend is up and vice versa.
So, money wasted on my on arrogance.
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