Shared by
duke_43
The set-up: IDFP REVERSAL LONG
What I did Right: RECOHNISED PRICE REACHED IDFP. SEEN 1MIN BOS, 3/5MIN LOW TEST. 1MIN PRICE PUSHED UP BREAKING STRUCTURE, PULLED BACK AND TOOK LIQUIDITY, PUSHED UP AND MADE LOWER HIGH THEN HIGHER LOW THEN TOOK MOMENTUM UP. IDFP WAS ALSO THE KEY LOW FOR ALLTIME HISTORY.
What I did wrong: Took profits early
Where I could improve: COULD OP ENTERED EARLIER AFTER LIQUIDITY GRAB BUT I WAS VERY HAPPY WITH MY ENTRY.
Trade grade: 8/10
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Big-picture: 15min was bearish but had had pushed down a long way and hit all time low level.
Trade parameters: 4:1 and 6:1
Entry: long
Trade Management: Took entry off as price hit IDFP but it pushed up to my 6:1
Exit: 3.75 and 4.25
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-09-19 06:25:01 | GBPUSD | buy | $1.13615 | long |
| 2022-09-19 06:25:04 | GBPUSD | buy | $1.13624 | long |
| 2022-09-19 06:49:01 | GBPUSD | sell | $1.13785 | long |
| 2022-09-19 06:52:40 | GBPUSD | sell | $1.13856 | 0 |
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