27 Oct 2021 (Trade Example): GBPCHF

 GBPCHF short trade

Pre-Analysis:-

- GBPCHF probably trending down and may form the first higher low area.

- There was a sign of weakness on top of that.

- The SOW most probably a no result from effort. As price push high with very high volume but the next 2 bar close low.

Entry:-

- As weakness confirm, then on lower timeframe M15, price broke lower and took out the low of effort bar as shown with arrow on the chart.

- Now for entry wait for no demand or upthrust bar.

- In this case no demand bar appear, sell order could be place below that no demand bar.

- Entry: 1.26560

- Stop: 1.26710

- TP: 1.2600

- Target profit of 3.7R

Post Analysis:-

- Target hit

- Trade drop smoothly as expected.

25 Oct 2021 (Trade Example): GBPCHF

 GBPCHF long trade

Pre Analysis:-

- Pound futures contract show widespread down bar on climactic volume.

- Try to find any GBP pair with sign of strength.

- GBPCHF has widespread down bar with climactic volume

- As shown above the climactic action happen at old support area to the left of chart.

- This maybe suitable for a long trade.

Entry:-

- After climactic action price found support and went up

- Finally price broke the high of climactic bar.

- We can now wait for no supply test for entry.

- Entry on successful test bar at time around 12:45am (26 Oct 2021)

- Entry: 1.26578, Stop: 1.26280

- Take profit around the old top around 1.27610

Post Analysis:-

Update:-

- Alternative entry after test bar no (1), price took out the high of that bar.

- The reason to entry at that bar is, they test supply from the left. If supply dries up we can expect high price coming.

- Potential profit of 3.86R

 

18 Oct 2021 (Trade Example): USDJPY

 USDJPY long trade

Pre-Analysis:-

- Yen futures show weakness with buying climactic bar (bc) accompanied by ultra high volume.

- USDJPY pair shows it was in uptrend. Any pullback could be potential entry for a long trade.

Entry:-

- As Yen show weakness, than I choose USDJPY for a long trade.

- USDJPY on 15 minute timeframe show selling climactic bar (sc) and also no supply bar (ns) after that.

- It can be use as entry point.

- Time of entry:- 10:00am

Post Analysis:-

- Chart above as at 20 Oct 2021 (2:46pm)

- First trade can be manage to get at least 1R profit.

- Second trade probably a loss trade.

- Third trade show profit. Final profit/loss will be updated base on market condition and signal.

- Update on 21 Oct 2021 (3:11pm), chart below:-

- This trade did not work.

Alternative Trade:-

AUDJPY long trade

Date: 18 Oct 2021

Time: 8:30pm

- Chart as at 20 Oct 2021 (2:49pm)

- Currently at 9.2R profit.

- Update (21 Oct 2021, 3:07pm), chart below

- Max profit of 11R

- Try to get this kind of trade.

11 Oct 2021: AUDCAD

 AUDCAD short trade

Pre-Analysis:-

Entry:-

Time of entry: 1:00pm

Post Analysis:-

- Mistake of no demand (nd) indicator. That no demand bar not belong there, it was above MA which show immediate trend not a down trend.

Below is trade example CADJPY long trade

Time of entry: 11:00am

Potential max profit of 2.77R

8 Oct 2021 (Trade Example): NZDCAD

 This is trade example on 8 Oct 2021, NZDCAD short trade.

Entry:-

- Set up no demand bar (nd)

- Volume very low on no demand bar.

- No demand bar lower than MA, that show immediate trend was down.

- Entry on price 1 pip lower than no demand bar.

- Time of entry 1:00pm

- Potential max profit 5.33R

7 Oct 2021: GBPJPY

 GBPJPY short trade

Pre-Analysis:-

Entry:-

- Entry on uptrust (ut) bar set up.

- After second uptrust bar, price close lower but volume seem only equal to volume of uptrust bar.

- Risk 1%

Post Analysis:-

- Another loss trade.

- Volume after the uptrust bar should higher.

- This might also I read this chart all wrong, price seem to up trending rather than down.

- I have decided to trade with min lot size for the remaining trading day to qualify for repeat account.

- Seem I have difficulties to reach 10% profit within 30 days. I can feel the pressure.

- Keep research and observe the market to make a better trade.

- Still not going to give up, sure I will able to get funded account.

- Below is trade example for USDCAD short.

- Time of entry 6:15pm

- Max potential profit 1.96R

6 Oct 2021: EURJPY

 EURJPY long trade

Pre-Analysis:-

Entry:-

- Entry after success test of no supply bar (ns)

- But the volume was low compared to no supply bar volume.

- Entry time: 11:43am

- Risk: 1% ($ 100)

Post-Analysis:-

- I have to scratch this trade, as price came back down to my stop.

- Trade close with approx. $ 30 loss.

- I took this trade without scan all the currency, when I saw this set up I immediately prepare for entry.

- I did not scan the NZD group as this group set up for more interesting opportunity following some activity after news release of interest rate.

- I need to scan all currencies pair to discover possible good entry.

- Furthermore the setup for this trade did not show increase volume after ns bar test.

- This trade should not be taken and loss can be avoided.

- Below is NZDCHF short trade that give good profit.

- Time of entry: 1:45pm

- Potential max profit 4.37R

5 oct 2021: GPBUSD

 GBPUSD long trade

Pre-Analysis:-

Entry:-

- Setup no supply (ns) bar with success test

- ns bar with low volume, next bar close higher than ns bar.

- Entry after success test of ns bar

- Risk 1%

- TP at 2R profit

Post Analysis:-

- Price attempted to go high but failed

- An effort bar (ef) also show failed.

- When price aggressively turn toward stop, I decided to close and took small loss.

- Monitoring was good and able to manage this trade to only a small loss.

- Below is trade example, EURCAD (short) that perform better.

- Time of entry:- 3:00pm

- Potential max profit 4.73R

4 Oct 2021: GBPJPY

 GBPJPY short trade base on Wyckoff VSA principle.

Pre-Analysis:-

Entry:-

Post Analysis:-

- Loss trade (stop triggered)

- There was one element that I broke, which is price from H1 not below MA.

- As a rule base system trading, follow exactly the "TRADING RULES".

- This loss can be avoided.

- Below there is trade example that give profit with all rules been follow.

Trade example, EURCHF short:-

- Time of entry:- 7:15pm

- Setup:- no demand (nd) confirmation

- H1 timeframe also show price below trigger number and MA

- Potential profit of max 6R

1 Oct 2021: GBPCHF

 GBPCHF short trade base on Wyckoff VSA principle.

Pre-Analysis:-

Entry:-

- Price trade below trigger number & below MA

- Set-up on no demand (nd) bar. The (nd) bar was confirm & entry can be made after that.

- Risk 1%

- Entry time: 12:00am

Post Analysis:-

- Trade went 2.68R max profit.

- My mistake was not set the TP at 2R as early plan for this FTMO account.

- Trade also execute with lot of pressure when I need to take care of my autistic boy.

- When price move back aggressively to my entry point, I started to freak out and finally settle for $115.79 profit only.

- This was purely my mistake and also a loss.

30 Sept 2021 (Trading Example): EURCAD

Trade example EURCAD short trade

- Potential max profit 10.96R

- Time of entry 10:00am

Below are 2 other trade example:-

USDJPY (short trade):- 

- This trade did not work out.

- But it can be manage to scratch with less than intended stop loss.

- Time of entry 12:30pm

EURGBP (short trade):-

- Max potential profit 2.19R

- Time of entry 8:00pm