Trading Journal | review on EUR-USD 13th April by @marvel-trader-c on 3Speak
▶️ Watch on 3Speak --- It's a lovely Tuesday and here we are to analyze the trade we took on Monday 13th April and as well is a way of journaling. During the market upon by 21:00 UTC on Sunday nigh...
Tags: #marveltradershub #threespeak #journal #trade #video #tradingview #eurusd #review
Good day, my fellow traders in the Marvel traders community. How's the day going? It's a wonderful day over here, and at this point, we're going to be analysing our chart. of yesterday the entries we took yesterday. Yeah, it's a way of journaling our trades. Are you getting it? It's a way of journaling our trade, which we indicated on the, on our introductory post, that the Marvel Trader Hub is a community where you come, you learn, you journal your trade, ETC, are you getting it? Those are in the introductory post of the Marvel community. Yeah, so at this point, this was a trade we took on the 13th of April. On the 13th of April, that was when we took this trade. On the 13th of April, are you seen it right down here? On the 13th on Monday. Yeah, we're just going to be analyzing it. We took some screenshots, which you're going to see on the blog section. You're going to see it right. on the blog section but let's analyze this trade from the we're just going to be fast about this from the market close on the friday this was it now the market opened on uh on monday take a look at it the market open okay on sunday when the market opened at uh at 21 o o u tc on Sunday when the market opened. Now, this chart is the Euro-USD chart. Take a huge look at the gap that it gave, are you seen it? And knowingfully whether when there's a huge gap like this in the market, market don't leave this gap alone. Market will surely trade into it to fill the gap before continuing. to each direction are you getting it but this was what happened during the early hours of the day on monday morning uh this was uh around the 7 30 around 7 30 price broke this high on the 5 minute time frame broke this high went here created a higher high and decided to to come back, are you getting it? And when the price got to this level, we decided to highlight this previous high, thinking that it's going to push price lower. Are you getting it? Because we just want to cash a pullback before the continuation. They take a look at what happened. It was really funny. Yeah, when price... go to this area where we highlighted it around the 1.169083 level when price got to this level at this point take a look at it you see that the price started pushing down and at this point we entered the market on the market execution and our stop loss we placed it a few pips above the supply zone because this area we alighted it as a supply zone so we placed our stop plus few peeps above the supply zone and our TP we dragged our TP down this level let's go to our demo chart and see the practical example of what happened yeah this was it this was it are you seeing this is our demo account it's a 10-k account Yeah, that we use to execute our trades for the sake of these tutorial and the rest of other stuff. So now, take a look at it. Price dropped. Price dropped, drop, drop, drop down to this level. And as you can see from this angle, we have an other block here. let's go to the trading view so let's get some view right there now we have an other block here because prize uh this was the last place like the prize visited before pushing up to break that high are you getting it this the low this is the low that broke this high so it's a demand zone and you can also mark it as your other block now price came, it did not touch it fully well, but when you look at this other section, you see, okay, it almost touched it, but it pulled back, are you getting it? Now, price pulled back, and after this price rejection, it was going up, and at this point, we thought that, is just gonna come here and maybe drop a little down to this other zone that we've mapped out but the momentum was mush the bullish momentum was mush and it took us out honestly speaking it took us out yeah we lost about 10 bucks on this trade it took us out and after after which it comes to our senses that the price really wants to come and feel this gap. Are you getting it? wants to come and feel this gap. Now, all we got to do was to wait after this break. No, no, no. We can see at this point that the market consolidated. When you go to the lower time frame, you see the way the market was consolidating at this point. Now, we are just in the five-minute time frame. But on the 15-minute time frame, Take a look at what happened there. Are you seen it? This was the point we highlighted and take a look at how price reacted to it. Take a close look at how price reacted to it and pulled down to this level. We could have taken our profit at this level, which would have given us about 1 -2-3-3. risk reward or 1 to 2.7 risk reward or forever risking on the trade. But we did not, which led to the 10% 10 box loss that we got on this trade. But it was all good, it was all good. And at this point now, the market broke this high. Take a close look at it. The market broke this high. And after the market broke the high, you can see that price went up. This was the zone we drew yesterday. Price went up and came back to retest this zone. Let's go to the 5 minute time frame so that we can be able to break this properly down. Yeah, because we use our 5 minutes time frame for our entry. We use it for our entry. Now, when Price broke this level, Price came down. It's a pullback, pull back down to this level and gave us, let's take this off. Let's just take it off so that you see the picture clear. Alright, now Price gave us this weak rejection. It stopped the zone and rejected. Some persons who enter it from this rejection, those persons that trades break out. Upon this rejection, they can place a long and target wherever they are targeting, but we did not enter at this point. We waited for Price to visit it again, which led to... So all we just got to do here was to highlight it. We highlighted it as our point of interest. Are you getting it? Which is a demand zone. It's our demand zone. Now, Price went up and... pulled back down to this lever at this point, and we saw this bullish movement. Upon this bullish movement, we entered the market on a market execution at this point, 1 .7080. Yeah, 1.17080. This was the price we entered the market. Yeah, and when we entered it at that point, Take a close look at it. Our first target was this level. This was our first target. Our first target was this area of consolidation. We targeted this area first. Because when you look at this point, you're going to see there. Yeah, take a look at it. This was our first target, which was a... about 1 to 3 risk reward. Are you getting it? So that was our target, 1 to 3 risk reward. So price got to that level and looking at the situation of the market, we decided to shift our entry, our take profit above. Yeah. Are you seeing it? we decided to shift it above this level, knowingfully whether price is going to, price may run above this, maybe as a liquidity sweep or anything, but we have the full confidence that price is going to run above it. And there we go. Upon our execution, we got a little drawdown which didn't take us out, and you see that price pushed up. Are you seeing it? price pushed up and when it got to this level price got started consolidating again which is a flag pattern and whenever you see this pattern in the market know that the next thing is to push higher are you getting it so we just got to wait on the uh we made a video about the concerning this area to a screenshot Why Price was doing all these things, we made a screenshot and we also recorded it, we recorded it, which you are going to see it at the end of this video, we are going to play it so that you see how the market acted to that level, live. It was a live record, yeah. So, we waited and waited and waited, the market started playing six weeks reward. We hid it up and we called it a day. Are you getting it? Then you saw how prize rode up and rode up and rode up again. Are you getting it? So at this point, it was, we were able to recover the loss we got for the day. And it was really cool. It was really cool. Thank you and thank you very much. We're just going to be dropping this. as our journal for 13th of April. Yeah, we're going to be dropping it as our journal. Thank you and thank you very much. Don't forget it's the Marvel Traders Hub community. Feel free to come and share your trading idea with us. And on the Hive blockchain also, feel free to come and share your trading idea with us because our community is on the Hive blockchain. Yeah, those of you watching this video from the YouTube. our communities on the Hive blockchain so feel free to come over. You can click on the link on the YouTube channel, which you're going to see here. This is our YouTube channel. This is our YouTube channel right here. So you can click on this link, you'll come to the Hive blockchain. It will take you directly to the Hive blockchain and...
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