Long

Updated

GBPUSD 3/20/2023 - 3/24/2023: Small Shorts--> Big Longs!

Small Shorts --> Big Longs

- Expecting engineering of SSL . (Mon)
- Sweep then move lower.(Tues)
- 3%-10% on shorts. (Tues- Wed)
- Mark out 4H -PDA created (Tues-Wed)
- Use 4H -PDA as exits (Wed-Fri)
- 3-15% on longs. (Wed- Fri )

Will be doing some public journaling this week. Good Luck!

Note

Mapping of this weeks new events.

Trade active

Market seems to have other plans so ill be taking scalps(longs and shorts) around the news events until I get a better understanding of where price wants to go.

Trade closed: stop reached

Stopped in profit before the move up but daily target reached.

Note

Update To Weekly Bias**

Short on GBPUSD.

-We have traded into a daily -PDA leaving discounted +PDA untouched once again.

-I expect the high of the week to be either put in or validated by Wed FOMC release(2pm EST)

- Looking for a 10%-15% return on shorts this week. Targeting 4H -PDAs resting below SSL

Note

-Doesn't look ready to drop just yet but price has showed a willingness to move away from the daily -OB on the LTF

-Willingness to move from 30m +OB could see the equal highs from yesterday traded through

-Im looking for a 15m BMS

- Got a small 5m BMS but still needs to retrace up(im looking for 15-30m BMS before entry)

Note

Using 1.22700 as a LTF magnet on price to support my bullish bias. (The small 5m BMS in reference is bearish and came as a reaction from the daily -OB)

Expecting this 5m -OB to the disrespected but at least traded to.

Note

3 things need to happen going into the 7am NYO for me to take this trade

Note

After considering the time of day and the EQL place before 8:30 I decided to execute as we ran into the 15M FVG.

Will be using the 15m BMS I originally wanted as a chance to move stops in profit

Note

Not falling for it again today lol retested entry but still respecting the FVG

Note

2 +OBs disrespected along with the 15m FVG... The 5m +OB is our last hope at longs from here

Trade closed: stop reached

Trade active

-Short on EU and SPX.

-Sadly GU didn't give an entry also these are my first trades of the year on these pairs.

-Stop in profit 1 pip on both!

Note

50% off on SPX ran 1:5(90+ pip) so far

Note

3/23/23 London Open Update:

-Euro stopped 1pip in profit.

-Waiting for a 5m BMS

-SPX still running

- Will be refocusing my attention to GU and AU for todays London open

Trade active

Short on GU

EU pending entry...

Note

-Focusing on managing these positio for the rest of the week.

-Looking for the rest of the week's new events to drive us home....

Note

positions*

Note

news* lol

Note

-Deeper retracements than expected on GU and SPX but both are still running.

-Hoping to see DXY gain some strength in the current LC Killzone(10am-12am)

Trade closed manually

Closed all positions.

Going into class and DXY isn't looking the best

Trade active

SPX SCALP 15pip SL . Last trade of the week tbh. This week has been weird and im wanting to avoid falling back into undisciplined habits.

Note

-Stops moved in profit

-Trade is up about 30 pips

Note

Might've gotten in good enough position to hold over night.

-Going to shoot for 1.27-1.618 fib ext.

Trade closed: target reached

Forgot to adjust my TP on MT5 but TP smacked at 65 pips 1% : 4.2%

Should see lower prices now that the daily low was taken

Note

Sorry but I had to lol last seriously

Trade closed: stop reached

Stops hit in profit

Note

Calling it a week there since I no longer have any positions open

Note

News during London did not even attempt at balancing the 1H lmao I was looking to take entry from inside the 1H PDA(paper trades)

Note

Made the charts my charts white... trying to be sexy lol nah jk

Note

Made my charts white*

i wouldn't say this was a bad week... it was just different especially with forex pairs lol

Anyway... enjoy the weekend GU,EU,SPX, and DXY outlook coming Monday most likely after London Open

ZaireMiller

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.