Long

Updated

EURUSD IDea for 22/08/23

The M15 finally reversed, overdue IMO and is why the recent counter trend moves have been stronger than the pro trend ones.

I will be looking to the H1 for targets and eventually, and hopefully the H4

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I have found that when Asia breaks structure, sometimes it is respected and other times it isn't. IF it is respected, the orange markers are the places I expect a reaction from. But it may ignore his structure and continue as if this morning's break didn't happen

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Updated IDM due to new internal structure break

Trade active

Counter trend position executed

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Closed position as I had full risk on accidentally and my risk plan doesn't permit full risk on counter trend trades. 2R secured which is roughly the same as I would have gained at half risk if the full idea had played out

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I am going to pay the entrance fee for this. This goes with the idea mentioned this morning where the small leg confirmed during Asia may be disregarded. The H1 supports this and an indication that we have a false BoS is when we have a CHoCH very soon after

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Ooh! Big bearish move. I'm standing my ground as it's valid

Trade closed: stop reached

SL hit. I'm looking for sells down the the extreme, now

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Or alternatively, if we pretend that the Asian BoS wasn't real, I will look for confirmations in the M15 extreme

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For clarification. This follows the original forecast posted last night. It was technically invalidated as new structure was confirmed. But if we get a reaction here and my confirmations standards are met, I will shoot

Trade active

Ok. Order placed. Let's see

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If this is a loss then we are targeting the H1 extreme below where there is a lot of liquidity. If my confirmations are there at specific zones, I enter. It is as simple as that. I don't care if I win or lose because I know over time, I am profitable if I keep shooting at these trades

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I could have seriously tightened my SL on this to a 26R move but have left it conservative at 13R

Trade closed: stop reached

1 win and 2 losses today. Moving to the H1 for signals, now. I'll be glad when August is over and EU picks a direction and stops messing around

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Onto the next -

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Or...

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That last idea is based on the fact that Asia was bullish and LDN was bearish so NY may follow LDN after a pullback

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I have been out for a ride on the bike to a friend's warehouse and see that I was liquidated for a potential upwards move. It would be typical of this time of year, big traders having to reach further for liquidity than they usually would. I am half risk because I want another trade if this fails. I may not get tagged in yet as I was late to the screen

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I think it is wise going half risk. I think this low is under pressure and we may get yet another liquidity grab which will take me out. My risk plan will allow me one more half risk attempt then I'm on the bench

Order cancelled

Removed order. I'm confident that would be a loss

Note

Yes. Capital preserved

Kram_Capital

Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.

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Kram_Capital

Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.

Also on: