Reply To: Trades – Week Ending 12/23/2022

#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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