Instaforex Competition (Day 3)

Unfortunately, GBP/USD keep their bullish trend on 4H time frame. I feel so bad about this movement, because I was expecting a bearish trend. Bullish trend is very strong, and I have no idea what make me keep expecting that this pair will move down. I'm losing too much, and I feels like there is no hope to recover from this problem. However, I will never let it go, since I have nothing to lose, and something to win. Never mind, I can just keep going ...

Maybe, I will spend the rest of this week to perform the postmortem. I should be doing good if I trade a long position. Hoping for the short when the trend is going up is a big mistake. This mistake can be avoided. Maybe, using a good technical indicator can save my trading account. Next week, I will install Forex Powerful Indicator (Kuasa Forex). For now, I have to keep the losing trades floating, hoping so much that profits will roll-in.

The other mistake that I've done this week is to trade against the trend, hoping so much that the trend will soon reverse. Making so many mistakes, and learn from it is a good practice. The good point is that, I don't trade any live account.