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!

Comment:

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.

Comment:

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

Comment:

-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)

Comment:

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.

Comment:

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

Comment:

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

Comment:

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

Comment:

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!

Comment:

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

Comment:

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...

Comment:

-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....

Comment:

positions*

Comment:

news* lol

Comment:

-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.

Comment:

-Stops moved in profit

-Trade is up about 30 pips

Comment:

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

Comment:

Sorry but I had to lol last seriously

Trade closed: stop reached:

Stops hit in profit

Comment:

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

Comment:

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)

Comment:

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

Comment:

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