Since the beginning of the year, the market did not have any success with its resistance (see picture below) at around 2080 and started to bounce trying to break it.
So I had many buying and selling signals (fake) that I followed and I did not take care at all of the current global situation.
Some trading systems I have always suggest me to wait for a correction of AT LEAST 7% before opening any position, but this time I didn't wait and as soon as I got buying signals I opened new position. (3 buys and (luckily) just 1 short).
I had to be more calm and just wait to see what the market would do and I would save the 4% of loss I faced so far. Next week If there will not be any strong move, I will just follow my 3 open positions and if I will have to close them, I will just watch the market.
So far my system worked well as a trend-following, so there are no reasons to force new buys in different conditions.
So I had many buying and selling signals (fake) that I followed and I did not take care at all of the current global situation.
Some trading systems I have always suggest me to wait for a correction of AT LEAST 7% before opening any position, but this time I didn't wait and as soon as I got buying signals I opened new position. (3 buys and (luckily) just 1 short).
I had to be more calm and just wait to see what the market would do and I would save the 4% of loss I faced so far. Next week If there will not be any strong move, I will just follow my 3 open positions and if I will have to close them, I will just watch the market.
So far my system worked well as a trend-following, so there are no reasons to force new buys in different conditions.
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