.Djamal is in this UJ sell trade. Notice how the MTS below the price are gone but price didn’t hit it yet. Does that mean the trade is invalid?
If anyone want to know, Djamal said yes, the lower MTS was pulled, so trade is invalid and should close out
yes I’ve noticed disappearing MTS phenomenon happens, especially when monitoring the chart in real time daytrade style…
but am still sticking to H1 swings
but my point is, those MTS targets are not necessarily static as time goes…
All my analysis and trades for the week,
Trade 1
Trade: Short USDJPY
Trade type: 4H trade rotation + MT stop target Date: 08.01.2023
Trade idea: Move down to take out lower stops and complete 4H range rotation
Y-axis PB: Some long positions blocking price (positive) 100%
X-axis PB: New longs just entered the market( positive) 100%
Net DM: Net shprt but short decreasing and longs increasing (Neutral-positive) 75%
Net T-in-prof: Shorts in profit (negative) 0%
Lev Positions: Not clear (Neutral) 50%
1D chart: Just cleared MA(positive)100%
Where in range: Just taken top of the range but in middle(Neural-positive)75%
Trade Score: 5/7 71% (medium to high confidence)
Entry: 132.059
SL:134.605 (above the higher long positions)
TP1:130.350(at low of range and lower MT stops)
TP2: (To be determind or triggered by DM switch)
TP1: closed 50% at a bit below target 130.100 (at the MT stops)
Trade Closed: 128.150 at the lowest MT stop and long squeeze collapse + bottom of $H range.
Outcome: Hit all targets – Good trade with small drawdown but overall good.
Trade 2
Trade: EURGBP
Trade type: MT stoprun + 4H range rotation Date:09/01/2023
Trade idea: Move up to take out the MT stops and complete raneg against new shorts
Y-axis PB: Some small longs above blcoking but not much(neutral – positive) 75%
X-axis PB: New big longs enetring the market (positive) 100%
Net DM: Short squeez in play but longs increasing (Neutral) 50%
Net T-in-prof: No positions in profit(positive) 100%
Lev Positions: No leveraged longs (negative) 0%
1D chart: Not in play 100%
Where in range: Bottom of the range(positive) 100%
Trade Score: 5.25/7 75% (medium – high confidence trade)
Entry: 0.87989
SL:0.87250 (below the lower MT stops)
TP1:0.8870(at the range high)
TP2: (To be determed or triggered by DM switch)
TP1 : closed 50% at lowest stop. Holding 50% to upper stop 0.88800
Trade Closed: 0.88365
Outcome: TP2 taken in a panic and then price moved up to hit original target. Should have waited as no big longs came in.
What happened after closing trade: Hit original target
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)
TP1: 157.930 taken because large new short position came in to market. Stop was also moved to entry to protect position.
TP2: 50% of trade still open
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)
TP1: 138.00 50% position closed – TP2 set for bottom of range
TP2: 138.498 closed 25% at MT stop target
TP3: Trade still open
Trade 5
Trade: Long USDCAD
Trade type: 4H Range rotation trade Date:11.01.2023
Trade idea: Move up to complete rotation of the 4H range
Y-axis PB: Longs blocking price (negative) 0%
X-axis PB: Old longs and small new shorts (Neutral) 50%
Net DM: Long squeeze(negative) 0%
Net T-in-prof: No positions in profit (positive) 100%
Lev Positions: No lev positions(negative) 0%
1D chart: 100 D MA above price (positive) 100%
Where in range: Bottom of 4H range with reaction (positive)100%
Trade Score: 3.5/7 50% (very low confidence trade should not have taken)
Entry: 1.34329
SL:1.33033 ( below low with big margin)
TP1:1.370( top of 4H range)
TP2: (To be determed or triggered by DM switch)
Update: trade still open in big drawdown but missed stop loss
