Backtest USDZAR 2/20/19 8:00 am

25 Mei 2019

• 
  Valid Trade
  
• Daily candle was a bearish engulfing
  
• H4 structure was on an uptrend but failed 3 times to break monthly
  
• H1 structure downtrending with valid BOS,
  
• valid M30 BOS
  Confluence Monthly Resistance, H4 MAs, random line resistance
  
  Risk: H4 is consolidating, have to be less risk adverse
  Exit: Friday Market Close
  During the trade, there was a huge spike that normally would have blown my account
  It seems like it was because of news.
  

26 Mei 2019

Nota

Have to be extra cautious with countertrend trades. Need to take high pressure invalid breaks or 3 strikeout resistance. In this case, there was a monthly support confluence. I should enter after retest of random line resistance, not monthly support. Next time, if I go countertrend, I play 3 strike out or high pressure invalid break. If there was retest on a countertrend trade, I should be extra cautious and strict.