26 Nov. 2021 (Trade Example): GBPJPY

 GBPJPY short trade (example) on 26/11/21

- GBPJPY clearly in downtrend base on trending system shown on the above chart.

- All of JPY pairs show strength.

Entry:-

- Possible profit of max 8.64R

25 Nov. 2021: NZDUSD

 NZDUSD short trade on 25/11/21

Pre-Analysis:-

- On higher timeframe, hourly NZDUSD trending down.

- Previously there is sign of weakness (SOW) upthrust appear. The next bar close lower (downbar) it confirm the SOW.

- Then price went lower and trending system start to show downtrend.

- Wait in lower timeframe, 15 minutes for further SOW before entering.

- NZD group of currencies also weak. Majority of it shows NZD weak.

Entry:-

- Finally SOW appear (no demand) at 2:45pm

- The next bar close lower (down bar) thus confirm SOW.

- Trade can be enter after the confirmation bar.

Post Analysis:-

- Price did drop but it took my stop first

- Other trade that can be profited was AUDNZD long trade

18 Nov 2021: EURUSD

 EURUSD long trade on 18/11/21

Pre-Analysis:-

- EURUSD shows sign of strength with potentially selling climax.

- Price past trigger number to the upside.

- Change of behaviour is possible with trend system turn green.

Entry:-

- Entry: 1.13300 (12:30pm)

- Size: 0.62 lot

- Risk: 0.5% ($50)

Post Analysis:-

- Loss trade 

- Test failed, I close immediately without waiting for stop.

- Trend was weak as trending system in congestion as shown by diamond system. (refer to H1 chart above).

- Loss about $29.76

- Trade can be a profitable with another entry, same setup which is test (a successful test)

16 Nov 2021: GBPUSD

 GBPUSD short trade on 16 Nov 2021

Pre Analysis:-

- GBPUSD on hourly chart shows downtrend.

- On pullback there was a sign of weakness, upthrust with high volume.

- Wait for further sign of weakness on 15 minutes chart for entry.

Entry:-

- Price drop below upthrust bar and pullback after that.

- Finally a no demand bar appear and entry made just below of that bar

- Entry:-

Time: 9:30am

Lot Size: 1 lot

Risk: 1% ($100)

Stop: 1.34289

- Trade also in conjunction with trending system chart that show downtrend.

Post Analysis:-

- Trade end up loss $100 (hit stop)

- There is a question whether that true no demand bar?, what is no demand bar?

- The next bar after that no demand bar not close lower than it, can it be taken as true no demand?

- Certainly I need TradeGuider software. Look like I am guessing all the indicator in TradeGuider.

- I have to make sure I can afford to purchase the software as soon as possible, it will help me a lot with my trading.

15 Nov 2021: NZDCAD

 NZDCAD long trade on 15 Nov. 2021

Pre Analysis:-

- Possible sign of strength at the bottom of chart as shown above. This is hourly chart.

- Price went up above trigger number and hovering there since previous 2 trading day.

- Plan to go long for this with further sign of strength possibly on 15 minutes chart.

Entry:-

- There was a test on down bar with low volume. The test was successful and price still above trigger number.

- This also supported by trending system chart that shows an uptrend.

- Time of entry : (3:41pm)

- Position Size: 1.39 lot

- Risk: 1% ($100)

- Target: 0.8859 (approx. 2R)

Post Analysis:-

- Trade went up as expected.

- Max potential profit 2.88R

- My profit was $153.06

- I did not wait until trade hit my pre define target as I want to lock all profit to ease some pressure of previous drawdown.

- Trading is pressuring business, I admit it.

12 Nov 2021 (Trade Example): EURCAD

 EURCAD short trade 

- EURCAD now reach an area of previous sign of weakness, if price unable to penetrate that trigger number it may fall.

- I hesitate to consider this as there was a sign of strength below as marked by blue arrow no (2).

- I was confused at that day whether to take sign of strength or sign of weakness.

- Entry for a short trade as shown above. The reason was an upthrust bar appear and it supported by a down trend as shown on the trending system chart below.

- The reason why I did not take this trade was I confused on both sign of weakness and sign of strength appear both one at the top another at the bottom.

- This made me stay aside.

- However this short trade can give profit around 4.58R max.

- I should keep an open mind the short trade still can happen on previous trigger number from weakness.

  

11 Nov 2021: AUDJPY

 AUDJPY short trade on 11 Nov. 2021

Pre-Analysis:-

- AUDJPY on a downtrend mode.

- Pullback started on 10 Nov. 2021

- Weakness appear probably no result from effort sign.

- Price broke below the trigger bar as shown on the chart.

- Wait for pullback toward the trigger bar and further sign of strength on 15 minutes chart.

Entry:-

- Entry on no demand bar (approx. 2 pips below)

- Time of entry 10:20am

- Risk 1% out of account balance

- Target at 83.00 (roughly 3R profit)

- Trending system also show downtrend (as seen on the chart below)

Post Analysis:-

- Update, at 4:00pm the trend system still show downtrend. I decided to hold onto the trade.

Update:- (12/11/21)

- Trade finally close for $161.80 profit at 6:08pm (11/11/21)/

- This trade I took with confident.

- I saw the no demand setup after breakfast, and continue to monitor for entry.

- At around 6:00pm I feel that this price may not drop any further and decided to close the trade without wait for my original profit target.

- This prove to be correct decision as price did not move much until the next day.

- I will revert back to take profit at 2R for the next trade until I reach profit target of 10% from original account value to pass this FTMO challenge.

- This trade also cover entire loss of my previous trade.

 

9 Nov 2021 (Trade Example): NZDJPY

 NZDJPY short trade

Pre-Analysis:-

- Possible sign of weakness on NZDJPY, looking for short.

- It shows potential buying climax with widespread up bar closing in the middle. Volume ultra high.

- Price broke the lower part of climatic bar and retest it back that area on 9 Nov 2021.

- Find an entry that shows sign of weakness in 15 minutes timeframe.

Entry:-

- Probably a no demand up bar appear as shown on the chart. Next bar was an upthrust.

- Entry when price drop below the upthrust bar.

Post Analysis:-

- The first entry did not do much, price stayed around entry for quite a long period. This may entice me to close the trade or move the stop to breakeven.

- Then during NY session another no demand bar appear this time with low volume and accompanied by an upthrust bar after that.

- Trade can be taken at lower than upthrust bar.

- In this case max profit around 3.79R.

- Another information to support this trade was trending system shows it is in downtrend so it possible to take a short trade. Trending system shows on the chart below.

- The hourly chart trending system still down, thus it support the short trade.

 

8 Nov 2021: EURUSD (short trade)

 EURUSD short trade.

Pre-Analysis:-

- EURUSD show possible sign of weakness.

- It probably a no result from effort condition and price may drop.

Entry:-

- Reason for entry on 15 minutes timeframe was, an upthrust bar

- Risk of 1% ($ 100)

Post Analysis:-

- A loss trade ($ 90.88)

- Terrible mistake on this trade. Trade influenced by fear of missing out.

- The higher timeframe hourly show price still above MA trend line. It may indicate buying still present. 

- Trade should be taken with price below MA trend line, this is rule do not break trading rule follow exactly.

- Be patient !!!

- Wait for the right setup according to trading rules. Although the background show weakness but the setup wasn't there.

Alternative Trade:-

GBPCAD long trade

- GBPCAD show strength with I believed bottom reversal indication. With volume very high it show sign of reversal.

- Once it broke high of the reversal bar than expect price to go higher.

- Price then push above MA trend line, it add more strength to it

- On 15 minutes chart test bar appear.

- When price broke high of the test bar it indicates the test was successful.

- Potential profit of 6.58R