Reply To: Trades Week Ending 13/1/2023

#52885
Tim Tim
Participant

Trade 4

Trade: EURJPY
Trade type: 4H range rotation trade Date:12.01.2023
Trade idea: Move down to complete a 4H range rotation
Y-axis PB: Not clear no visible positions (Neutral) 50%
X-axis PB: Old short but new longs entering the market(Neutral-positive) 50%
Net DM: Net DM short but short decreasing and longs increasing(Neutral) 50%
Net T-in-prof: No positions in profit longs close to in profit(positive) 100%
Lev Positions: Some longs leveraged (positive) 100%
1D chart: 200 MA below price (positive) 100%
Where in range: Very top of range with reaction(positive) 100%
Trade Score: 5.75/7 82% (medium – high confidence trade)

Entry: 141.624
SL:143.350 (above high with big margin of error because no stops or positions to use)
TP1: 139.9 ( middle of the range and below small consolidation)
TP2: (To be determed or triggered by DM switch)

11

TP1: 138.00 50% position closed – TP2 set for bottom of range

12

TP2: 138.498 closed 25% at MT stop target

13

TP3: Trade still open

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