Trades ending week 20/01/2023

This topic has 5 replies, 2 voices, and was last updated 1 year, 8 months ago by Tim Tim.

Viewing 3 reply threads

Author

Posts
- 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.
Author

Posts