DislikedDate: 10 October 2018 7.20am GMT+7 News Releases: 19.30 USD Red News Daily: ROMAR Support/Resistance EMA Resistance PSAR Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - Bottom 129.330 Last SAR Attachment - Bottom 129.330 Fibo - Down Notes: Consolidation. EMA downtrend, Parabolic downtrend, Romar is closed enough to cross purple. EMA arrow Down, MACD Down. DB attached to bottom of the candle with light blue divergence. 4 Horsemen Down. 4 HR: ROMAR Resistance EMA Resistance PSAR Resistance Check...Ignored
Closed the trade -10 pips 5 minutes before News Release.
I consider this is a loss trade because after the news, market went up and it's just 1 pip away from my SL After that market was going down.
I think I have made a right plan of SHORT entry, but the mistakes are
1. Entered too early as I should have short at higher Resistance. An ideal resistance would be at Daily Purple, H4 Fibo 38.2, H2 Fibo 50.0 which is in range of 130.30 - 130.35
2. I break the rule of Chasing the market that causing a mistake No. 1
I hope that someone could give a feedback on my evaluation. Thank you.