.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.
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
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.
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
