Trades week ending – 6/1/23

[ImpliedOdds]

Happy New Year everyone. This was a live trade with a small amount of $. + 25 pips. Exit was at takeout of some of the upper stops. Basic trade basis: price at short levels. Room upwards towards stops without putting longs into profit. DM shorts were most recent bars. Red over green on DM indicator. Price tagged my target but then promptly dropped, so fortunate this one worked out.

[Thuy Pham]

GU buy
Shorties coming in, stops above price, NET DM shorts moving up and longs down

[Thuy Pham]

Thuy Pham wrote:

GU buy
Shorties coming in, stops above price, NET DM shorts moving up and longs down

Got stopped out, more longies in the market now

[Thuy Pham]

Thuy Pham wrote:

GU buy
Shorties coming in, stops above price, NET DM shorts moving up and longs down

Can Djamal comment on this GU buy? It seems like everything was in my favor but it didn’t work. Or was the bias not strong enough?

[ImpliedOdds]

Excellent set up Thuy. Thanks for sharing

[Christopher Miranda]

Thuy Pham wrote:

Thuy Pham wrote:

GU buy
Shorties coming in, stops above price, NET DM shorts moving up and longs down

Can Djamal comment on this GU buy? It seems like everything was in my favor but it didn’t work. Or was the bias not strong enough?

Longies entered, my friend, simple as that. We have to change and adapt to the DM.
Your entry was late, the shorts we see in the histograms were already priced in, longies in profits, price near the top of the range. Of course its easy for me to say this after the fact, I mean no offense, I’m surprised the algo didn’t take those stops above as well.

[Thuy Pham]

Christopher Miranda wrote:

Thuy Pham wrote:

Thuy Pham wrote:

GU buy
Shorties coming in, stops above price, NET DM shorts moving up and longs down

Can Djamal comment on this GU buy? It seems like everything was in my favor but it didn’t work. Or was the bias not strong enough?

Longies entered, my friend, simple as that. We have to change and adapt to the DM.
Your entry was late, the shorts we see in the histograms were already priced in, longies in profits, price near the top of the range. Of course its easy for me to say this after the fact, I mean no offense, I’m surprised the algo didn’t take those stops above as well.

I only entered after I saw the Net DM switch. But it might be because the H1 charts were not working all session until that moment.

[Redbaron81]

Going short for MTS scalp here. My first trade using this system. Is this correct?

[Thuy Pham]

Redbaron81 wrote:

Going short for MTS scalp here. My first trade using this system. Is this correct?

This is wrong. Yellow lines above price, and Orange lines below price are MTS. Vice versa are limit orders. And please attach the entire chart so we can see all the indicators, else it’s hard to determine if your trade is correct or not

[ciprobay]

Christopher Miranda wrote:

Thuy Pham wrote:

Thuy Pham wrote:

GU buy
Shorties coming in, stops above price, NET DM shorts moving up and longs down

Can Djamal comment on this GU buy? It seems like everything was in my favor but it didn’t work. Or was the bias not strong enough?

Longies entered, my friend, simple as that. We have to change and adapt to the DM.
Your entry was late, the shorts we see in the histograms were already priced in, longies in profits, price near the top of the range. Of course its easy for me to say this after the fact, I mean no offense, I’m surprised the algo didn’t take those stops above as well.

what do you mean by shorties on histogram already priced in?
priced in means fake move completed?

just in general, I’ve always heard of this priced-in term in fx also regarding news
but don’t fully know the definition

[Christopher Miranda]

I couldn’t give you an exact definition, but I tried to explain it better in this example I edited. Be aware, DM will not always be “priced in” every single time, quite a few folk here are making things way too rigid, and then getting upset and confused when something doesn’t work perfectly the way Djamal has explained. The SM algo is incredibly fluid and adaptable, so do not attach rigid rules to something we do not control.

[ciprobay]

thank you Christopher!

[Tim Tim]

Clean 4H range rotation trade

Trade: Short AUDUSD
Trade type: Stop target trade and 4H range rotation Date:05/01/2023
Trade idea: Move down against the new longs to complete rotation of 4H range and take out MT stops below
Y-axis PB: Longs above blocking price small amount of short below(Neutral – positive) 75%
X-axis PB: Big new longs entered clear DM switch (Posative) 100%
Net DM: Short decreasing long increasing no squeeze(Neutral – positive) 75%
Net T-in-prof: No position in profit (Neutral) 50%
Lev Positions: Note clear 60%
1D chart: Just taken out 200MA MA target below (positive) 100%
Where in range: Top of the range (positive) 100%
Trade Score: 5.6/7 80% (high confident trade)
Entry: 0.6803
SL:0.68839 ( above upper MT stop)
TP1: 0.67259 (75% up the range 4H range and lower MT stop)
TP2: (To be determined or triggered by DM switch)

Trade Closed: 0.67259

[Author]

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