GBPUSD short trade that available on 23/2/22
26 Feb 2022
25 Feb 2022
22 Feb 2022: CHFJPY
CHFJPY long trade on 22/2/22
Pre-Analysis:-
Entry:-
Post Analysis:-
- On higher timeframe it was a very thigh range, so the pair selection is not a good pair to trade.
- In fact the previous drop at the left chart was a better option for short trade.
- Try to find pair that show clear market state, a clear trend, a clear channel or a clear range bound.
23 Feb 2022
21 Feb 2022: NZDCHF
NZDCHF short trade on 21/2/22
Pre-Analysis:-
Entry:-
Post Analysis:-
- Although trade made some profit but the setup was not the best setup.
- VSA principles appear not on the extreme area, previous drop unable to make a new low, suggested that level not an important level.
- Try to find something at an important level for trading.
- In this case take profit at the immediate previous low.
22 Feb 2022
21 Feb 2022: EURCAD
EURCAD long trade on 21/2/22
Pre-Analysis:-
Entry:-
Post Analysis:-
- VSA principle appeared around key support area, thus made this set up look good.
- Entry able to give profit but drop back to support area.
- Then price broke support
- This trade shows good management and able to exit at least with profit.
- Stay alert with all trade and manage trade well.
18 Feb 2022
10 Feb 2022
10 Feb 2022: EURGBP
EURGBP long trade on 10/2/22
Pre-Analysis:-
Entry:-
Post Analysis:-
- Trade ended with loss
- Never trade if principle appear without ultra high volume, leave the setup alone.
- Only trade with principle accompanied by ultra high volume.
- Avoid avoid avoid avoid experimental trade. Stick to your trading plan and all the trading criteria that you have laid down.
- Below is how this EURGBP should be trade and it follow all criteria. This is a short trade instead of a long trade.
Update:-
- Here is how we could manage and close this EURGBP short trade, it possibly give up to 5R profit.
9 Feb 2022
Trading Results Analysis: (25/1/22 - 8/2/22)
Here I compile trading results from 25/1/22 until 8/2/22. This analysis to look into mistakes and what I did right during this trading period. I will analyse which trade that should not be taken, which trade I should hold for higher profit or risk-reward ratio and the trade that have setup but I missed it.
1. AUDCAD buy (25/1/22) loss of $94.63, this trade should not be taken as no setup in hourly chart. This trade based on 15 minutes chart.
2. AUDCAD buy (25/1/22) loss of $91.86, this trade also should not be taken.
Details of both trade here
3. USDCAD sell (26/1/22) profit of $195.66, this trade although profit but there was no setup in hourly chart. I will exclude this trade in my final analysis.
Details of trade here
4. AUDCAD sell (27/1/22) profit of $35.26, this trade was based on 15 minutes chart, but on hourly chart there was a different setup and possible to give 39 pips profit against 24 pips risk. (1.625R) roughly about $162 profit (this based on trailing profit). Max profit around 79 pips or 3.29R roughly at $329 profit. For the purpose of analysis I used profit based on trailing profit target
Details of trade here
5. EURNZD buy (28/1/22) loss of $97.20, this trade should not be taken as no setup in hourly chart.
6. CADCHF sell (2/2/22) loss of $46.55, this trade also should not be taken as no setup in hourly chart.
Details of trade here
7. EURCAD sell (8/2/22) loss of $42.58, this trade all according to trading plan and setup base on hourly chart however the trade closed with loss. This I will include as a loss trade.
Details of trade here
Should I took only trade that have valid setup the outcome would be one trade with profit $162 and one trade with loss $ 42.58, giving net profit of $119.42
Next we will examine the missed trade, trade that has valid setup and according to trading plan but I did not enter.
1. EURGBP buy (4/2/22) possible 0.68R (16 pips SL / 11 pips TP) base on trailing stop loss. If risk $100 than this will give profit of $68.
Details of trade here
2. AUDJPY buy (8/2/22) base on 13 pips SL as this time of writing (9/2/22 @1:35pm) the lock in profit stand at 81 pips this give 6.23R or roughly $623 profit.
Details of trade here
Total possible profit will be $119.42 + $68 + $623 - $42.58 = $767.84, very close to target profit of $1000 to pass the FTMO evaluation.
8 Feb 2022
7 Feb 2022
Trade Example: NZDUSD & EURGBP
Trade example NZDUSD short trade on 14/01/22
EURGBP long trade on 4/02/22
3 Feb 2022
1 Feb 2022
1 Feb 2022: NZDUSD (Trade Example)
NZDUSD long trade (example)
- Trend alignment appear on NZDUSD for a long trade.
- Entry NZDUSD long, time of entry 3:00pm
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