Reply To: Trade reviews

#48376
Tim Tim
Participant

Can anyone explain why they wouldn’t have taken this trade?

Trade: Short GBPUSD

Trade idea: Move down to take lower MT with all the new longs entering the market
Y-axis PB: Longs above blocking price and shorts blocking lower price (Positive)
X-axis PB: Large number of longs (Positive)
Net DM: Net short (Negative)
Net T-in-prof: longs in profit (Positive)
Lev Positions: NA
1D chart: MA’s below price (Positive)
Where in range: Top of range (positive)

Entry: 1.23707
SL:1.247(above MT stop and all long positions
TP:1.23(at the lower MT stop

14.12.2022-entry

14.12.2022-entry-2

Trade update: Most of the longs left and shorts came in.

14.12.2022-update

Trade Closed: Trade closed at open with push from hawkish FED
Outcome: Loss 1.23707

14.12.2022-exit

If anyone can tell me why I shouldn’t have taken that trade would be very helpful.

  • This reply was modified 1 month, 2 weeks ago by Tim Tim.
  • This reply was modified 1 month, 2 weeks ago by Tim Tim.
  • This reply was modified 1 month, 2 weeks ago by Tim Tim.
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