Upsetting as I entered before price had touched the weekly 3SMA. Having waited patiently for a long USD trade, and passing on many profitable counter-trend opportunities, it hurts to falter at the last hurdle. Discipline was 95% there , but it's that final 5% that separates good from great, success from failure. Another 12 hours and I would have been at peace with the entry (0.9930), but instead now feel a nagging disappointment.
At 0.9875 there were plenty of reasons to short, but weekly 3SMA had not been hit (0.9898), a field that should be mandatory. It's a tough lesson, similar to the one I took on "time of day" rules, but I take comfort that I learnt from that error, and am confident the disgust I feel now will deter future breaks of 3SMA.
On the plus side, i'm proud I traded what I saw, not what I thought. Obviously, it's painful to see counter-trend trades work, while trend following fails, but I won't allow this to shake my resolve.
