[Tim Tim]

3 losing trades to start the week.

If anyone or Dj has any feedback for the trades would be very much appreciated?

Trade 1:

Trade: Short NZDUSD
Trade type: 4H range top DM switch Date:16.01.2023
Trade idea: Move down to complete range rotation against new longs
Y-axis PB: Small longs and shorts blocking not clear(neutral) 60%
X-axis PB: New small longs entering (neutral – positive) 75%
Net DM: No squeeze net longs decreasing no longs in play(neutral) 60%
Net T-in-prof: No positions in profit(positive) 100%
Lev Positions: some longs and shorts (neutral) 50%
1D chart: All MA below price (positive)100%
Where in range: Very top of 4H range(positive)100%
Trade Score: 5.45/7 78 (medium confidence trade)

Entry: 0.63793
SL:0.64468 (Above high with margin of error)
TP1:0.63258(middle of the range)
TP2: 0.62950(bottom of the range) TP3: (To be determind or triggered by DM switch)

Trade Closed: 0.64469 Loss
Outcome: Was more longs then shorts in the market may be the reason trade didn’t work out.

[Tim Tim]

Trade 2:

Trade: Short AUDUSD
Trade type:4H range rotation + stop run Date:16.01.2023
Trade idea: Move down to take lower stops and complete range rotation against new longs
Y-axis PB: small positions (Neutral) 60%
X-axis PB: New longs just entered (positive)100%
Net DM: shorts decresing longs beginning to trend up(neutral – positive) 75%
Net T-in-prof: Longs in profit (positive) 100%
Lev Positions: Not clear (Neutral) 50%
1D chart: All MA below price (positive) 100%
Where in range: Very top of range and just took local high(positive)100%
Trade Score: 5.85/7 84% (high confidence trade)

Entry: 0.69507
SL:0.70360(above highest MT stop)
TP1:0.68900(at the biggest lower MT stop)
TP2: 0.6800 (at the range low) TP3: (To be determined or triggered by DM switch)

Trade Closed: 0.70360
Outcome: All the longs left the market and big new shorts came in

[FractalFreak]

That AU short trade was reasonable.

Pros:
– highs taken
– some IR targets
– some longies at least
– etc.

Just a DM switch happened and destroyed the setup.
AND, the longies left (see how the green squeeze line collapsed).

[Tim Tim]

will you just close the trade if you see a small DM switch or does it have to be a significant switch before treating the trade as invalid?

[Tim Tim]

Trade 3:

Trade: Short GBPUSD
Trade type: 4H range rotation + stop run Date:16.01.2023
Trade idea: Move down to take lower MT stops and complete range rotation
Y-axis PB: Not clear (neutral) 60%
X-axis PB: New longs entering the market( positive) 100%
Net DM: No squeezes short decreasing longs just spriking up (neutral-positive) 75%
Net T-in-prof: Longs in profit for a long time(positive)100%
Lev Positions: New leveraged longs(positive) 100%
1D chart: All MA below price(positive)100%
Where in range: Very top of range and just tool local high(positive)100%
Trade Score: 6.35/7 90% (high confidence trade)

Entry: 1.21894
SL: 1.23222(in middle of LT stops)
TP1:1.21000(at the lower MT stops)
TP2:1.20200(at the low of the range) TP3: (To be determind or triggered by DM switch)

Trade Closed: 1.2322
Outcome: New longs came in and squeeze continued

[FractalFreak]

Hi,

that NU trade was not a good setup.

Cons:
– trading a reversal against an expanding red squeeze line (meaning that more and more shorties are entering the market)
– no proper DM switch
– no good targets below
– fake resistance level above price (which then got taken)

Just because the price touched the upper band, one should not have traded here.

Anyways, you live and you learn Tim.

[Author]

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