Trades ending week 20/01/2023

This topic has 5 replies, 2 voices, and was last updated 1 year, 10 months ago by Tim Tim.

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- January 18, 2023 at 8:56 am #53322
  Tim Tim
  Participant
  3 losing trades to start the week.
  
  If anyone or Dj has any feedback for the trades would be very much appreciated?
  
  Trade 1:
  
  Trade: Short NZDUSD
  Trade type: 4H range top DM switch Date:16.01.2023
  Trade idea: Move down to complete range rotation against new longs
  Y-axis PB: Small longs and shorts blocking not clear(neutral) 60%
  X-axis PB: New small longs entering (neutral – positive) 75%
  Net DM: No squeeze net longs decreasing no longs in play(neutral) 60%
  Net T-in-prof: No positions in profit(positive) 100%
  Lev Positions: some longs and shorts (neutral) 50%
  1D chart: All MA below price (positive)100%
  Where in range: Very top of 4H range(positive)100%
  Trade Score: 5.45/7 78 (medium confidence trade)
  
  Entry: 0.63793
  SL:0.64468 (Above high with margin of error)
  TP1:0.63258(middle of the range)
  TP2: 0.62950(bottom of the range) TP3: (To be determind or triggered by DM switch)
  
  Trade Closed: 0.64469 Loss
  Outcome: Was more longs then shorts in the market may be the reason trade didn’t work out.
- January 18, 2023 at 8:59 am #53327
  Tim Tim
  Participant
  Trade 2:
  
  Trade: Short AUDUSD
  Trade type:4H range rotation + stop run Date:16.01.2023
  Trade idea: Move down to take lower stops and complete range rotation against new longs
  Y-axis PB: small positions (Neutral) 60%
  X-axis PB: New longs just entered (positive)100%
  Net DM: shorts decresing longs beginning to trend up(neutral – positive) 75%
  Net T-in-prof: Longs in profit (positive) 100%
  Lev Positions: Not clear (Neutral) 50%
  1D chart: All MA below price (positive) 100%
  Where in range: Very top of range and just took local high(positive)100%
  Trade Score: 5.85/7 84% (high confidence trade)
  
  Entry: 0.69507
  SL:0.70360(above highest MT stop)
  TP1:0.68900(at the biggest lower MT stop)
  TP2: 0.6800 (at the range low) TP3: (To be determined or triggered by DM switch)
  
  Trade Closed: 0.70360
  Outcome: All the longs left the market and big new shorts came in
  - February 1, 2023 at 3:00 pm #55446
    FractalFreak
    Participant
    That AU short trade was reasonable.
    
    Pros:
    – highs taken
    – some IR targets
    – some longies at least
    – etc.
    
    Just a DM switch happened and destroyed the setup.
    AND, the longies left (see how the green squeeze line collapsed).
    - February 1, 2023 at 7:17 pm #55494
      Tim Tim
      Participant
      
      will you just close the trade if you see a small DM switch or does it have to be a significant switch before treating the trade as invalid?
- January 18, 2023 at 9:02 am #53333
  Tim Tim
  Participant
  Trade 3:
  
  Trade: Short GBPUSD
  Trade type: 4H range rotation + stop run Date:16.01.2023
  Trade idea: Move down to take lower MT stops and complete range rotation
  Y-axis PB: Not clear (neutral) 60%
  X-axis PB: New longs entering the market( positive) 100%
  Net DM: No squeezes short decreasing longs just spriking up (neutral-positive) 75%
  Net T-in-prof: Longs in profit for a long time(positive)100%
  Lev Positions: New leveraged longs(positive) 100%
  1D chart: All MA below price(positive)100%
  Where in range: Very top of range and just tool local high(positive)100%
  Trade Score: 6.35/7 90% (high confidence trade)
  
  Entry: 1.21894
  SL: 1.23222(in middle of LT stops)
  TP1:1.21000(at the lower MT stops)
  TP2:1.20200(at the low of the range) TP3: (To be determind or triggered by DM switch)
  
  Trade Closed: 1.2322
  Outcome: New longs came in and squeeze continued
- February 1, 2023 at 2:58 pm #55445
  FractalFreak
  Participant
  Hi,
  
  that NU trade was not a good setup.
  
  Cons:
  – trading a reversal against an expanding red squeeze line (meaning that more and more shorties are entering the market)
  – no proper DM switch
  – no good targets below
  – fake resistance level above price (which then got taken)
  
  Just because the price touched the upper band, one should not have traded here.
  
  Anyways, you live and you learn Tim.
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