EURUSD
April 23 Trade Executed
What I saw about this trade that I liked and executed.
Framework of my logic
Coming into Asia Price had already started its market shift. Price had taken equal lows and was in a discount with liquidity taken. With the huge range created I suspected for Price to draw to the inefficiencies and potentially the 50 level was my target.
Factors I need for my model
(smaller timeframe analysis)
*Price is in a discount with liquidity taken
*18:39 candle creates a FVG and energetic rally
*19:00 doesn't even make back to the FVG
*20:00 price opens in Asia to rally
*20:09 enter
First target .50 level at equal lows1.14294
I took this trade. When Price started to break down I could have managed better and been happy with 45 to 40 pips and closed the trade. I watched it break down and did not want to close the trade, so I lost the profits but nothing else as I had my stop loss at my entry.
I am happy that I did not freeze. I am happy sound logic with targets outlined. I am happy that I took this trade.
What I will do in future is manage tighter and not loose my profits. Still a very good happy trader.
I used the Short tool to illustrate what I did achieve in my idea and I thinks ok to celebrate that.
April 23 Trade Executed
What I saw about this trade that I liked and executed.
Framework of my logic
Coming into Asia Price had already started its market shift. Price had taken equal lows and was in a discount with liquidity taken. With the huge range created I suspected for Price to draw to the inefficiencies and potentially the 50 level was my target.
Factors I need for my model
(smaller timeframe analysis)
*Price is in a discount with liquidity taken
*18:39 candle creates a FVG and energetic rally
*19:00 doesn't even make back to the FVG
*20:00 price opens in Asia to rally
*20:09 enter
First target .50 level at equal lows1.14294
I took this trade. When Price started to break down I could have managed better and been happy with 45 to 40 pips and closed the trade. I watched it break down and did not want to close the trade, so I lost the profits but nothing else as I had my stop loss at my entry.
I am happy that I did not freeze. I am happy sound logic with targets outlined. I am happy that I took this trade.
What I will do in future is manage tighter and not loose my profits. Still a very good happy trader.
I used the Short tool to illustrate what I did achieve in my idea and I thinks ok to celebrate that.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.