Reply To: Trades Week Ending 13/1/2023

#52881
Tim Tim
Participant

Trade 3

Trade: GBPJPY
Trade type: 4H range rotation + MT stop run Date: 09/01/2023
Trade idea: Move down to complete range rotation and take lower MT stop
Y-axis PB: No position clear 100%
X-axis PB: New longs moving in but still some shorts in the market (netrual to positive) 100%
Net DM: no clear direction (neutral) 50%
Net T-in-prof: Longs almost in profit (positive) 100%
Lev Positions: No leveraged longs (negative) 0%
1D chart: MA just above price (negative) 0%
Where in range: At top of 4H range (positive) 100%
Trade Score: 4,5/7 64% (medium confidence trade)

Entry: 160.580
SL:163.300 (no clear place to put SL)
TP1:157.500(at bottom of range)
TP2: (To be determed or triggered by DM switch)

9

TP1: 157.930 taken because large new short position came in to market. Stop was also moved to entry to protect position.

10

TP2: 50% of trade still open

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