29 Jul 2022 (Trade Example): NZDCHF

 NZDCHF short trade on 29/7/22

- CHF currency fall in strong correlation but NZD just slightly week compared to CHF, thus this trade should aim at only 1R target profit. Entry during London session, approx. time of entry 5:30pm. Finally this trade able to give 1R profit.

29 July 2022 (Trade Example): GBPUSD

 GBPUSD long trade 29/7/22

- Correlation support for this trade. Trade during Asian session approx. entry time 11.45am. Trade able to hit 2R profit.

28 July 2022 (Trade Example): EURJPY

 EURJPY short trade on 28/7/22

- EUR currency was the weakest following correlation. Trade during London session approx. entry time 5:30pm. Trade able to give 2R profits.

28 July 2022 (Trade Example): USDJPY

 USDJPY short trade on 28/7/22

- Trade during Asian session approx.. entry time 9:00am. Correlation wise USD was the weakest currency. Trade able to give 2R profit.

Update:-

- Trade able to gain more than 2R profits

26 July 2022 (Trade Example): EURCAD

 EURCAD short trade on 26/7/22

- EUR was the weakest currency compared to CAD according to correlation. Time of entry approx. 4:00pm (London session). Trade able to give 2R profit. Reason of missing, time concentrate on GBPAUD short trade but in term of correlation both GBP and AUD seem in equal strength.

25 July 2022 (Trade Example): GBPUSD

 GBPUSD long trade on 25/7/22

- Trade during London session approx. entry time at 4:00pm, trade able to give 2R profit.

Trading Results: 18-22 July 2022

 This week ended with loss, next week will be tough as I need to recoup all the loses. Keep believing, I can do it. As a lot of missed trade that can give profit this week.

22 July 2022 (Trade Example): NZDUSD

 NZDUSD long trade on 22/7/22

- Trade during London session

- Able to gain 2R profit, what a missed

- Why I did not trade this, simply because my confident level drop as at this point I loss around $44 for this week.

21 July 2022: USDJPY

 USDJPY long trade on 21/7/22

Pre-Analysis:-

- Correlation favors USD as stronger than JPY. Fundamental sentiment also shows USD strong.

- Entry during Asian session.

Post Analysis:-

- Trade end up loss.

- Several key mistake, I did not check on economic calendar and there was a news release related to JPY.

- This could potentially got spike on price.

- But my entry hit stop before news release. During news release price spike out and still if previously my entry not out but this time it will hit the stop.

- Although after news release, price started to push up but eventually during New York session sellers dominated and hammered the price back down.

- This is a difficult trade situation unfortunately.

20 July 2022 (Trade Example): GBPNZD & EURCAD

 * GBPNZD short trade on 20/7/22:-

- Based on daily & 4 hour timeframe, correlation shows NZD stronger than GBP

- Entry could be made during Asian session around 11:00am

- Update:- trade able to gain profit, depending where you decide to close the trade

* EURCAD short trade on 20/7/22:-

- Based on daily timeframe CAD was stronger than EUR in correlation.

- Entry during London session, around 6:00pm

- Update:- trade able to give profit but depending on where you exit/close your trade.

- I'm hesitate to take this trade even though the setup appear in front of me around 6:30pm time. This due to lack of preparation on this coming trade and I got unprepared for this opportunity.

- Need to close monitor a pair if it appear to have setup so that I not going to miss a profitable trade. Such a waste!.

20 July 2022: AUDUSD

 AUDUSD long trade on 20/7/22

Pre-Analysis:-

- Correlation based on 4 hour timeframe shows AUD stronger than USD. While fundamental sentiment shows both currency are strong. It may pose some risk taking on this trade.

- Entry during Asian session

Post Analysis:-

- I scratch this trade, as I realised that this was not a ready to trade setup.

- It may requires some time to show you some information and reaction on this, thus scratching this trade was the best thing to do.

- Wait for more reaction on the sellers side, if they died then it will be your turn to buy.

19 July 2022: CADJPY

 CADJPY long trade on 19/7/22

Pre-Analysis:-

- Correlation wise CAD stronger than JPY. Fundamental also support CAD as a strong currency.

Post Analysis:-

- Trade ended with loss

- Should not trade this, timing again was wrong. The price on 15 minute chart trap me into very poor position, it enticed me to rush and made an entry. Should be patience. 

- Price eventually went higher during New York session, but I will never get chance to enter as range pattern not develop.

- Alternative trade on AUDJPY long trade. Chart as below:-

18 July 2022: AUDJPY

 AUDJPY long trade on 18/7/22

Pre-Analysis:-

- Correlation wise AUD stronger than JPY. On fundamental sentiment AUD was strong.

- Entry made during New York session.

- This entry I set to take profit at 2R.

Post Analysis:-

- Able to gain small profit.

- Price slowly went up, but this situation give me warning that this trade might not work very well.

- I decided to close the trade and took small profit out of it.

- It pays off, if I let the trade open surely need to take loss as price went down to my stop.

- Alternative trade was a CADJPY long trade, this trade able to give at least 2R profit. Below is the chart for that trade.