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Reads · archive

Every read, closed.

An archive, not a live feed. These are sample reads as they were published, with their reviews. Levels and results are shown with x's on this showcase; nothing here is a recommendation to trade now or later.

Sample reads · archive · not a recommendation

Outcome

Showing all 10 entries

Sample read · archive · not a recommendation

EUR/USDShort4Hxx Mar xxxx

Rejection at last week's high; short back into the range

The reasoning

  1. Price returned to the top of last week's range for a third time without a close above it.
  2. US data on the calendar was light until Thursday, so there was no scheduled reason for a break.
  3. The 4H closes at the high were small-bodied: buyers arriving, but not committing.

What would make it wrong

A 4H close above last week's high. At that point the range has broken and the idea is wrong.

Stop
1.0xxxx
Entry
1.0xxxx
Target
1.0xxxx

Order shown, not distance. Desk confidence xx%

Target reached+xx pips

Review. Worked as written. Price drifted rather than dropped, which is why the target sat at the range middle and not the range low.

Sample read · archive · not a recommendation

GBP/USDLongDailyxx Mar xxxx

Higher low holds after the rate decision

The reasoning

  1. The rate decision left the daily higher low intact.
  2. Positioning going in was heavily short, so a neutral outcome could squeeze it.
  3. The weekly trend was still up from the start of the quarter.

What would make it wrong

A daily close below the post-decision low.

Target
1.2xxxx
Entry
1.2xxxx
Stop
1.2xxxx

Order shown, not distance. Desk confidence xx%

Stopped out−xx pips

Review. A loss, and it stays in the record. The thesis was reasonable; the entry came before the daily close it depended on. Rule since then: no entry on a daily read until the close is in.

Sample read · archive · not a recommendation

XAU/USDShort1Hxx Mar xxxx

Gold stretched into a round-number ceiling

The reasoning

  1. Five straight up sessions into a level that had capped price twice this year.
  2. Hourly momentum was fading while price still pushed higher.

What would make it wrong

An hourly close above the round number with expanding volume.

Stop
x,xxx.xx
Entry
x,xxx.xx
Target
x,xxx.xx

Order shown, not distance. Desk confidence xx%

Closed at entry±x pips

Review. Closed flat ahead of an unscheduled central-bank comment. Closing early is part of the record too, and it is counted as a scratch, not a win.

Sample read · archive · not a recommendation

AUD/USDNo readxx Mar xxxx

No read today: the employment release sits inside the window

The reasoning

  1. The Australian employment report landed in the middle of our posting window.
  2. Any level written before it would have been a guess about the number, not a read of the chart.

What would make it wrong

Not applicable. Nothing was published to be wrong.

No levels published.

A no-read day is part of the record.

No-read dayPublished as a no-read day

Review. No-read days are logged in the record with the reason, so the gaps are visible rather than quietly skipped.

Sample read · archive · not a recommendation

USD/JPYLong4Hxx Feb xxxx

Pullback to the breakout level, long with the trend

The reasoning

  1. Price broke the February range and came back to retest the top of it.
  2. The yield gap that drove the breakout had not narrowed.
  3. The retest held on the first two 4H closes.

What would make it wrong

A 4H close back inside the old range.

Target
1xx.xxx
Entry
1xx.xxx
Stop
1xx.xxx

Order shown, not distance. Desk confidence xx%

Stopped out−xx pips

Review. Intervention talk from the finance ministry hit the pair two hours after posting. We could not have known; we could have noted the risk. The review now asks: is there a known policy risk that is not on the calendar?

Sample read · archive · not a recommendation

EUR/GBPShortDailyxx Feb xxxx

Failed breakout on the daily; short back to the base

The reasoning

  1. A daily close above the range was reversed in full the next day.
  2. Failed breakouts on this cross have tended to return to the range base.

What would make it wrong

A second daily close above the range high.

Stop
0.8xxxx
Entry
0.8xxxx
Target
0.8xxxx

Order shown, not distance. Desk confidence xx%

Target reached+xx pips

Review. Slow, x sessions to target. Patience was the whole read.

Sample read · archive · not a recommendation

EUR/USDLong1Hxx Feb xxxx

Buy the London retest, only if it comes

The reasoning

  1. The Asian session built a tight range under yesterday's high.
  2. The read was conditional: a retest of the range top during London, then long.

What would make it wrong

No retest before 10:00 GMT. A conditional read that never triggers is closed, not chased.

Target
1.0xxxx
Entry
1.0xxxx
Stop
1.0xxxx

Order shown, not distance. Desk confidence xx%

Never triggeredNot entered · x pips

Review. Price ran without retesting. Recorded as never triggered. We do not count it as a win because the move went our way.

Sample read · archive · not a recommendation

AUD/USDLongDailyxx Jan xxxx

Commodity bounce off a multi-month support

The reasoning

  1. Iron ore and copper had both turned up from their lows.
  2. Price sat on a support that had held for x months.

What would make it wrong

A daily close below the support.

Target
0.6xxxx
Entry
0.6xxxx
Stop
0.6xxxx

Order shown, not distance. Desk confidence xx%

Stopped out−xx pips

Review. The support broke on a risk-off day across all markets. Correlation risk was not in the write-up; it is a standing line in every read now.

Sample read · archive · not a recommendation

GBP/USDShort4Hxx Jan xxxx

Lower high under the falling trend line

The reasoning

  1. Third touch of a falling trend line drawn from the December high.
  2. UK data that week had come in under expectations.
  3. The 4H lower high formed with a long upper wick.

What would make it wrong

A 4H close above the lower high.

Stop
1.2xxxx
Entry
1.2xxxx
Target
1.2xxxx

Order shown, not distance. Desk confidence xx%

Target reached+xx pips

Review. Reached target the following session. The size of the win is ordinary; it is listed because every read is.

Sample read · archive · not a recommendation

USD/JPYNo readxx Jan xxxx

No read today: after x losing reads in a row, the desk pauses

The reasoning

  1. The pause rule applies after a run of losing reads, whatever the chart looks like.
  2. A pause is announced in the channel with the date reads resume.

What would make it wrong

Not applicable. Nothing was published to be wrong.

No levels published.

A no-read day is part of the record.

No-read dayPublished as a no-read day

Review. The pause exists because a provider paid on volume has every reason to keep posting. We would rather lose a week of reads than push one.

Outcomes are measured from the published levels. How the record is counted