Wednesday, July 26, 2023

July 25 Trades Review TPOT

This post is 1 day late as I was a little occupied to create my blog entry. 

Trying out the additional filter I personaly put into practice to put us out of trades against main flow of USD pricing.
This is DXY direction using 4H Bias also.
Yesterday it was NFT - meaning we should look for EU and GU longs, Swissy Shorts.


Our 2 trades yesterday that hit TP were Swissy Counter FT short and GU NFT Longs which are both inline with our DXY 4H bias.

GU Long - This was NFT in 4H and NY presented a nice sweep of the low fractal before the KZ but swept during KZ. 1:3 a little bit over the 4H high, but since we are in line with DXY, the confluence is better for our trade

Swissy Short - 4H has a FT bias and I do not usually do a CT countertrend from premium to discount but this one I was more confident to take because as mentioned earlier DXY is NFT. Here we should now the proper placement of SL which is on top of a nearby fractal high above the 4H high. This saved us from an SL and eventually a TP.









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