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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.
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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
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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
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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
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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
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