CHFJPY long trade on 15/7/22
Pre-Analysis:-
- Correlation factors favor CHF stronger than JPY. But on fundamental CHF on weak sentiment no sentiment gauge on JPY. So this a little bit risky trade.
- Entry during Asian session. I rarely make an entry during Asian session but as I made my preparation early for today, I have decided to take on this as the setup develop..
Post Analysis:-
- I scratch this trade, took loss but not in full.
- Timing was not right. I still believe this trade is setup for an up move. Will see if can make another entry on this.
Update:- (5:05pm)
- Make another entry
- Correlation at the time of trade took place.
- This trade was a mistake, price did not develop any range. I did not have patient to wait for correct setup. I scratch this trade as well.
- Enter a trade, this was a 3rd trade. Time during NY session but this time reduce trade saiz
- Unfortunately this trade also failed and hit stop.
- Overall results for this trading week (11/7-15/7):-
- A positive gain but still cannot cover overall loss. $19.82 gain achieve this week.