Sometimes not being thorough enough while planning trades, can lead you to jump into trades without the proper tools to evaluate their probability of success. One of thesecomponents (tools) is called the divergence. There were clear divergencies previous to both trades that considerably reduced the odds of success.
Regarding the May 19 trades (USDCAD/AUDUSD), here are the pictures that illustrate these divergencies as observed in MACD. I consider short term MACD divergence (M1- M30) to be very significant when evaluating trades.
I also have the habit of going back to my trades and see why they went wrong.
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