AUDCAD long trade on 27/5/22
Time of entry: 6:00pm (27/5/22)
- This trade will able to give profit,
27 May 2022
25 May 2022
25 May 2022: GBPAUD
GBPAUD short trade on 25/5/22
Post Analysis:-
- Trade closed with loss
- Full loss of 0.4% risk
- There was no trend in this pair. My mistake was not checking trend state of this pair on daily
- Daily chart shown range bound state of market, it should be trading on different approach on range.
- I using trend pullback method on range bound market, wrong approach.
24 May 2022: EURCAD
EURCAD long trade on 24/5/22
Post Analysis:-
- Trade closed with very small profit.
23 May 2022
23 May 2022: NZDUSD
NZDUSD long trade on 23/5/22
Post Analysis:-
- Trade ended with very small profit.
20 May 2022: USDCAD
USDCAD short trade on 20/5/22
Post Analysis:-
- This trade end up with loss.
- I should not trade the pair if after test on hourly chart, price on 5 minutes chart (entry chart) took longer to set up. Leave this trade as it may be set for opposite direction.
- Look for immediate setup on 5 min chart, after test on hourly chart confirm.
- Finally USDCAD fly to upward. I cut loss according to my pre-defined stop.
20 May 2022
19 May 2022: CHFJPY
CHFJPY long trade on 19/5/22
Post Analysis:-
Entry: 130.526
Exit: 130.769
Size: 0.05 standard lot
Profit: 24 pips ($ 9.31)
- This trade test my psychology a lot.
- It drop first after I made an entry and drop close to my stop.
- Then the price started rising but after that drop back to my entry level. At this point I decided to take what ever profit that market gave me.
- Second try for price to go up but again drop back to my entry level area. After this time only price go up and continue went up for the next day.
- Below is the USDCHF trade (short trade) that gave better profit.
17 May 2022
17 May 2022 (Trade Example): EURAUD
EURAUD short trade on 17/05/22
- Hourly chart:-
- Entry time 9:15am
- Risk (21 pips stop) 0.4% of account blance.
Data from the other 2 timeframe:-
Update:-
- Trade possibly give 1R profit, as price return to upside.
- Profit need to be locked otherwise it get back to entry price or worse case hit stop for a loss trade.
Below is a better pair to trade and will give better result (AUDJPY long trade). With max 10.5R profit (126 TP & 12 SL)
- 4 hour & 5 minutes chart:-
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