{"id":42925,"date":"2016-01-05T15:05:34","date_gmt":"2016-01-05T20:05:34","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=42925"},"modified":"2016-01-05T15:05:34","modified_gmt":"2016-01-05T20:05:34","slug":"one-trade-five-reasons-it-failed","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/one-trade-five-reasons-it-failed","title":{"rendered":"One trade, five reasons it failed"},"content":{"rendered":"<p>During our 11AM mentoring session today a good trade was presented and failed for 5 reasons.&nbsp; Let\u2019s review this trade and those reasons, with the hope that it will help <i>you<\/i> think through future trades.<\/p>\n<p>FXCM has been In Play into the end of year, rising from 11-25, as you can see from the chart below.<\/p>\n<figure class=\"tmblr-full\" data-orig-height=\"795\" data-orig-width=\"1013\"><img decoding=\"async\" data-orig-height=\"795\" data-orig-width=\"1013\" alt=\"image\" src=\"https:\/\/41.media.tumblr.com\/b23000962ab06bb613a68a3be0d83cf2\/tumblr_inline_o0hxlh1G701slheli_540.png\"\/><\/figure>\n<p>The trendline broke below 20 and traders started looking to short pops.&nbsp; <\/p>\n<p>One of our traders discussed a short from today as seen by the chart below.<\/p>\n<figure class=\"tmblr-full\" data-orig-height=\"799\" data-orig-width=\"1104\"><img decoding=\"async\" data-orig-height=\"799\" data-orig-width=\"1104\" alt=\"image\" src=\"https:\/\/41.media.tumblr.com\/10454610249f60c62f5da2c33cd3531e\/tumblr_inline_o0hxooGFAU1slheli_540.png\"\/><\/figure>\n<p>The short at 16.60 had five variables against it:<\/p>\n<ul>\n<li>the trade was made at reversal time- 10AM<\/li>\n<li>the consolidation pattern was short in duration around this level<\/li>\n<li>FXCM was 50c from VWAP<\/li>\n<li>while FXCM looked weak, we were still in the Price Discovery time of day<\/li>\n<li>it has a very high short interest that breeds spikes and pops, stopping out shorts<\/li>\n<\/ul>\n<p>The short idea was a good one overall.&nbsp; Perhaps just not at this price and time.&nbsp; As traders we must not only be right about direction, but enter at the right time, while controlling our risk.&nbsp; In this case, there were five reasons the trade failed.<\/p>\n<p>I hope this helps you think through your future trades more comprehensively.&nbsp; <\/p>\n<p>*no relevant positions<\/p>\n<p><a href=\"http:\/\/smbu.com\/premium\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42776 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/11\/joinpremium.gif\" alt=\"joinpremium\" width=\"600\" height=\"300\" onclick=\"ga('send', 'event', 'Banners', 'clicked', 'SMBU Premium GIF');\"\/><\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>During our 11AM mentoring session today a good trade was presented and failed for 5 reasons.&nbsp; Let\u2019s review this trade and those reasons, with the hope that it will help you think through future trades. FXCM has been In Play into the end of year, rising from 11-25, as you can see from the chart below. The trendline broke below &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/one-trade-five-reasons-it-failed\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":42927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2625,3048,55],"class_list":["post-42925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-failed","tag-reasons","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One trade, five reasons it failed | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/one-trade-five-reasons-it-failed\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One trade, five reasons it failed | SMB Training\" \/>\n<meta property=\"og:description\" content=\"During our 11AM mentoring session today a good trade was presented and failed for 5 reasons.&nbsp; Let\u2019s review this trade and those reasons, with the hope that it will help you think through future trades. FXCM has been In Play into the end of year, rising from 11-25, as you can see from the chart below. The trendline broke below ... 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