[Tim Tim]

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

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

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

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

• This reply was modified 1 year, 4 months ago by Tim Tim.
• This reply was modified 1 year, 4 months ago by Tim Tim.
• This reply was modified 1 year, 4 months ago by Tim Tim.