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Trade 1 (-12pips)

MACD downtrend


Indicators didnt align on both charts. Food for thought. Timing of entry probably not ideal as well.

5 min Chart

1) Price below SMA200 – Bearish

2) MACD increasing

3) Stoch recovering from oversold

30min Chart

1) Price above SMA200- Bullish

2) MACD decreasing

3) Stoch in sell region

Misalignment. To always confirm such trades with longer charts. Should probably have not taken any trade.

This would have been a higher probability trade according to Rob Booker’s 5/13/62 trade.

5mins RB trade

Cheers. Just 1 loss. More to come. RBA interest rates awaited. Will RBA increase interest rates further in light of the rising inflation? One thing is for sure. No trades until after RBA.

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