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24-01-30 update AUDUSD Long Entry: Trade Management 24-01-30 update AUDUSD Long Entry Entry Price: 0.65700 Stop Loss Price : 0.65300 / 40 Pips Take Profit: 0.66300 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: b + -Tagged into trade at same price levels above * Trade Management* A. Risk entry (pending order) B. Take Profit at levels above B2: I might scale the risk off if the market trends in the direction of the trade. Cut losses quickly and let the winners ride is a big part of my trading style If anyone wants to know when I reduce risk please message me
Long
by Trader_Miles
EURUSD Short Trade 24-01-29: Trade Signal EURUSD Short Trade 24-01-29 *Trade Price Levels* 1. Risk Entry (Pending Order) Pending Order Price : 1.08700 Stop Loss Price : 1.09100 Take Profit : 1.08100 Risk to Reward Potential -1 units of risk for 1.5 units of gain -Note: Needs a win rate or 41% or above to be a profitable trader -Will Track Feb Signal Win Rate A. Will track risk entry win rate and confirmation entry model win rate B. Based on data that will determine risk profile for Prop Firm Funding (More Aggressive Risk Profile) Cons For Trade A. Price is in the discount of the swing range (should sell from premium and long from discount) B. Price could use the demand zone from the daily to drive (hawkish) Price through zone above making higher highs and lower lows C. Price broke key price level of 1.0800 (more neutral) Pros A. Double zone supply zone coverage with stop loss being big enough to let the trade breathe a bit B. The first Mitigation of a zone often fails leading to price moving up and then going deeping (bearish) towards the strong swing structure below C. The overall trend is more bearish than bullish Fundamental Drivers A. Price Broke 7 week low of 1.0800 B. Central Bank rates remained unchanged C. President Lagarde is more dovish than hawkish
Short
by Trader_Miles
2
GBPUSD Post Trade Analysis 2024-01-29 : Valid LossGBPUSD Post Trade Analysis 2024-01-29 *Loss* 1. Valid risk entry loss for a valid loss A. Entry Valid B. Point of Interest Valid - 4H A.3 C. Valid Exit 2.What can I improve ? A. - I can input trade concept into Edgewonk Advance Journal Section. - I can add all info, pre trade screenshots, fundamental news - I can improved my fundamental analysis - First Mitigation Failed - will track and possible add no first mitigation to trade plan What would be my entry model Price Levels ? 1. Entry Price : 1.26750 2. Stop Loss : 1.26450 3. Take Profit : 1.27200 Could I take this Trade ? - Would set alert and have 1 hour to place trade - Valid Entry and Win Lessons - First mitigation is lower probability and Entry Model is a more valid Trade
Long
by Trader_Miles
24-01-26 EURUSD Long Entry - Trade Management 24-01-26 EURUSD Long Entry Trade Management Price Levels A. Move Stop loss to a take profit support level on a lower time frame Price: 1.08450 Locked In Risk to reward: + 0.25 % Going to the weekend * Left a bit of breathing room for spreads for sunday opening and to cover my risk if any large news happens this weekend * Signal Price Info Entry Price: 1.08350 Stop Loss Price : 1.07950/ 40 Pips Take Profit: 1.08950/ 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: A-
Long
by Trader_Miles
24-01-24 AUDUSD Long Entry Signal on 4H Chart 24-01-24 AUDUSD Long Entry on 4H Chart Entry Price: 0.65700 Stop Loss Price : 0.65300 / 40 Pips Take Profit: 0.66300 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: b + CONS: - Momentum more bearish + upside down v-shape (price usually likes to continued in the 2nd leg) of the V) PROS: - The price levels have made a solid support zone - Could be lots of Buy Side Liquidity in the stop loss area - For every Buy order there needs to be a sell order A. this is critical for the trade due to the potential shift in the market to bullish B. The lows have a higher probability to hold due to large Central Banks, Hedge Funds , ETC wanting to hold the lows. So they can buy against the trend to fluid enough liquidity C. They might Induce market participates into selling in order to produce enough liquidity to cause a bullish leg of momentum to the upside. D. I accept the risk and I will place a pending order. Main Goal: -Increase Win Rate this Quarter. Currently at 44%- I have Placed a pending order. If anyone needs ideas with trade management please leave a comment.
Long
by Trader_Miles
EURUSD - Update Jan 23rd #1 Short Trade Update Jan 23rd #1 Short Playbook 4H C.3 No Huge Fundamental News Trade Data: Entry Entry Price: 1.08842 Exit Take Profit: 1.08162 or 68 Pips Stop Loss: 1.09242 or 40 Pips Trade Management Step 1: Reduce Risk Once a old low was broken I moved my stop loss to follow the trend. Reduced Price: 1.09192 Pips : 5 PIPS Percentage Reduced: 0.05 Open Risk On trade from original: 0.95 % Take Profit 1: Take Profit: 1.08826 / Breakeven Percentage Gain: Trade at breakeven locked in with a stop loss in place *See Previous Analysis for more trade data* 1. Currently price is moving down with momentum and I am waiting for a higher Probability Trade Entry Scale In or to move my Take Profit for more percentage gain on trade once the lows are broken 2. Waiting for the price action to show its hand.
Short
by Trader_Miles
Update GBPUSD: 4H Long Signal - 24-01-20 Long Set-up 4H A.2Update GBPUSD: 4H Long Signal - 24-01-20 Long Set-up 4H A.2 Entry Price: 1.26650 Take Profit: 1.27250 60 pips Stop Loss: 1.26350 30 pips Risk to Reward: 1:2 Trade Notes: -I didn't place swing trade due to being stuck at work (Improvements- Set Email Alert so I can quickly analysis current Market Conditions to place trade) 1. Trade Entry: Risk Entry (Pending Order with previous price entries) -Current Max Downdraw: 4 pips then impulsed upward with 2 momentum 4h candles - Using 15m Market Structure would be a locked in 0.42% take profit stop loss going into monday session - I would likely drop that level to 0.2% take profit stop loss - to give the trade a bit of breathing room for sunday opening session 2. Trade Entry Management: Confirmation Entry On Lower Time Frame Entry Price: 1.26694 Potential Take Profit : 1.27114 / 3.5% gain for 1% risk Stop Loss: 1.26574 / 12 pips from entry Trend Following Risk Management Strategy: Take Profit Following Market Structure: Take Profit Stop Loss Price: 1.26776 (Locked In percentage gain 0.68% ) 3. Scale In Trade Price Levels: Since all risk is off the table I will scale into the trade... Let the winners ride and let the losers go Potential Trade ideas: (Using Lower time Frame Confirmation Entry Model) Steps 1. I would wait to see how the market reacts to opening hours 2. I would look at fundamental upcoming news (helps with directional bias of the trade) 3. If those two items match up with the trade concept then I would place trade Entry Price: 1.26920 Take Profit: 1.27160 / 2% gain / 24 PIPS Stop Loss: 1.26800 / 1% risk / 12 PIPS If you got this fair then thank you for your time and support. If you want any more info or asset classes analysis please let me know. Safe trading and remember always use a stop loss and proper risk structure.
Long
by Trader_Miles
Update: EURUSD short 4h c.3 Trade 1 Short Playbook 4H C.3 Trade Idea 2 1. Price Has hit my area of value. I currently see no downward momentum. The fundamental news are also bullish. CPI: Positive 2. I will wait for a confirmation liquidity model to present on a lower time frame before placing a short trade. 3. If that happens I will place my trade with a decent size stop loss. 4. If price fully mitigates this resistance zone then I will change my bias to long Trade Idea 1: Entry Price: 1.08842 Exit Take Profit: 1.08162 or 68 Pips Stop Loss: 1.09242 or 40 Pips
Short
by Trader_Miles