Trade 1: EUR/USD - SL Hit
Things that might went wrong technically:
1. The trade was entered when shorter EMA crossed under with longer EMA in 15min time frame, so the possible early entry and TP was compromised to intraday.
EMA cross under was 15% early that the 15min EMA cross under, where the 5min time frame:
- EMA crossed under after taking resistance in the range
- Pulled back and took support of the EMA cross price level
2. Anticipated a larger move of 0.43%. However the maximum price moved was 14% from entry. If entered at pullback of EMA cross under, the potential TP would have been 28% maximum. Also the price took support at Medium HMA in 15min time frame.
3. While the trade touched SL exit; there was EMA cross over in 5min time frame. However, the SL was not touched, that might be because the medium HMA was still over shorter HMA, and the EMA crosses under again before shorter HMA crossed over medium HMA.
However, in the 2nd EMA cross over, the HMA also crossed over and the price hit SL. Possible profit booking could have been:
- breakeven
- HMA crossed over
- EMA cross over in 15min Time Frame
1. The trade was entered when shorter EMA crossed under with longer EMA in 15min time frame, so the possible early entry and TP was compromised to intraday.
EMA cross under was 15% early that the 15min EMA cross under, where the 5min time frame:
- EMA crossed under after taking resistance in the range
- Pulled back and took support of the EMA cross price level
2. Anticipated a larger move of 0.43%. However the maximum price moved was 14% from entry. If entered at pullback of EMA cross under, the potential TP would have been 28% maximum. Also the price took support at Medium HMA in 15min time frame.
3. While the trade touched SL exit; there was EMA cross over in 5min time frame. However, the SL was not touched, that might be because the medium HMA was still over shorter HMA, and the EMA crosses under again before shorter HMA crossed over medium HMA.
However, in the 2nd EMA cross over, the HMA also crossed over and the price hit SL. Possible profit booking could have been:
- breakeven
- HMA crossed over
- EMA cross over in 15min Time Frame
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