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Trades – Week Ending 12/23/2022

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    • December 19, 2022 at 2:59 am #49003
      ImpliedOdds
      Participant

      .

    • December 21, 2022 at 12:15 pm #49376
      ImpliedOdds
      Participant

      I’m back to the videos to learn and demo trade. Here’s a basic trade idea I see.

      1) Near top of blue band 4HR range.
      2) Shorties over longies on DM indicator (more shorties than longies).
      3) Longies in profit.

      Unfortunately, stops not populating on any of the time frame charts for this pair right now, so targets aren’t available, but will monitor this trade for DM switches etc.

      • December 21, 2022 at 12:30 pm #49379
        ImpliedOdds
        Participant

        Short trade btw…. 🙂

      • December 21, 2022 at 12:53 pm #49389
        Tim Tim
        Participant

        It looks like decent setup in terms of range but the order flow is pretty shit on this pair I think, hard to read

    • December 21, 2022 at 12:51 pm #49383
      Tim Tim
      Participant

      Trade closed early because? is this correct analysis

      Trade: Long Stop target trade GBPJPY

      Trade idea: Move up to take out the upper MT stop

      Y-axis PB: No visible positions blocking or supporting price (Neutral) 50%
      X-axis PB: Decent sized new shorts entering some old longs to (Neutral – Positive ) 75%
      Net DM: In favour of longs and long squeeze (Negative) 0%
      Net T-in-prof: Longs in profit (Negative) 0%
      Lev Positions: no new shorts over lev (Negative) 25%
      1D chart: All MA in trade direction (positive) 100%
      Where in range: Extended from the 4H range (positive) 100%

      Trade score = 3.5/7 50% (Medium trade confidence)

      Entry: 159.733
      SL:156.854 (Below the lower stops)
      TP:162.555(Just before the upper MT stop)

      1-21.12.2022

      2-21.12.2022

      Trade Closed: Trade closed in small profit at 160.170

      Reasoning: New longs entered the market (DM switch) and the target MT stop was removed. The MT stops below are close enough to be taken out. More likely to move down.

      3-21.12.2022

      4-21.12.2022

      If anyone has some feedback be great

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