29 Sept 2022 (Trade Example): EURAUD

 EURAUD long trade on 29/9/22

- Long trade solely based on technical reading of chart. Both currency not in band of strongest nor weakest currency. This may target at 1R only

- Currency strength meter:-

- Entry

- Entry time 3:00pm

- Trade able to achieve 1R profits. However price kept rising and made a new high.

28 Sept 2022 (Trade Example): GBPJPY

 GBPJPY short trade on 28/9/22

- GBP was the weakest currency across the board. GBPJPY came to a resistant and react, this give sign for a short trade. Strength meter also back up this trade.

- Eventually there was a news announcement regarding GBP by Bank of England, here is the news,

- I did not understand or able to elaborate about this event but rather focus on chart, what the chart was telling me. Price spike following this news release and that can give an opportunity for a short trade.

- Trade able to give 4.7R max profit before it reverse completely to the upside.

- I hesitate to trade this as I still worried about the spike event, still has no conviction to take a trade with spike event. But this spike event was a good opportunity to trade actually.

- Time of entry 6:15pm

27 Sept 2022 (Trade Example): AUDUSD

 AUDUSD long trade on 27/9/22

- This trade based on eclipse trade when my trading time frame 1H support and resistant also visible to 4H timeframe. This can be expect a breaking to a new low and we can hold this trade longer. Exit can be based on 1H timeframe (range developing on this timeframe).

- Entry and how to time it

- Entry time 8:00pm (New York session)

- Profits 3.11R based on hourly timeframe. It can go further as shown on the chart.

27 Sept 2022: CADCHF

 CADCHF short trade on 27/9/22

Pre-Analysis:-

- Based on price broke previous day low, I decided to take this trade.

- Strength meter:-

Entry:-

- Correlation when entry was made:-

- Entry time 5:00pm

- Risk 0.5% of account balance

- Target recent low.

Post Analysis:-

- I have to scratch this trade.

- It seem not working. Why? at this point I don't have the answer.

- Feel so bad, my trading results suffer a lot.

- I look at another approach for this pair, it still a short trade but this time entry should be made earlier at target at 1R flat.

- Here is why, this is based on support and resistant area and reading how it works.

- When correlation or strength meter was very tight then we will take 1R profit only just for the sake of trading, we should not expect price to go down hard as there was also no news event around that time.

- Entry time 3:00pm (London session).

Update:-

- Here is the alternative way to look and analyse this pair for a short trade

- This can give us trade on 23, 27 and 28 Sept. 2022

- Trade on 28/9/22

26 Sept 2022 (Trade Example): EURNZD

 EURNZD long trade on 26/9/22

- NZD was one of the weakest currency. Prior to entry we can see majority of NZD pairs try to broke Asia session and show weakness.

- Strength meter shows EUR stronger than NZD, but this trade should taken with extra careful as both currency in very tight reading according to strength meter. Maybe this trade we can target as 1R trade only.

Entry:-

- Correlation during entry

- Time of entry 11:45pm

- Trade able to give max profits of 1.76R

- Note: I missed this trade, as I scratched CHFJPY short trade I closed all terminal and decided to get a rest. If i continue to research maybe I found this trade and able to recoup small loses on CHFJPY trade and also ended the day with positive result.

- Need to look around for possible opportunity, but maybe after exhausted then my mind no longer able to focus on trading.

26 Sept 2022: CHFJPY

 CHFJPY short trade on 26/9/22

Pre-Analysis:-

- JPY was one of strongest currency across the board. At that time CHF set up for a break on all of it pairs and showing weakness. This made short trade was logical. CHFJPY also shown pullback from the original trend.

- Strength meter:-

Entry:-

- Correlation during my entry:-

- Entry time 6:00pm

- Risk 0.5% of account balance.

- Target the recent low with approx. 2++ R 

Post Analysis:-

elation during my entry

- I scratched this trade as I saw the other CHF pairs did not make a push or follow through.

- Realised price may not ready yet for a push down and quickly exit.

- Will monitor the next day if still opportunity for a short trade.

- Decision made to scratch the trade:-

- I can feel my thought process for the first time, I flip around on all information I can get and carefully read all the 28 pairs before came to decision to trade this.

- I checked everything from correlation, strength of currency, breaks of high or low from previous day, reading pullbacks to time my entry.

- Although trade did not performed as I wanted but I hope on upcoming trade I will made my decision process based on what I did on this day.

 

 

23 Sept 2022 (Trade Example): AUDUSD

 AUDUSD short trade on 23/9/22.

- USD was the strongest currency across the board. Strength meter down below:-

- Entry time approx. 3:45pm

- Max profits 4.54R, trade able to make a new low.

Trading Results: 19-23 Sept 2022

 Trading results from 19 to 23 Sept. 2022

13 Sept 2022 (Trade Example): GBPCHF

 GBPCHF short trade on 13/9/22

- CHF was stronger than GBP on currency strength. GBPCHF broke previous day low on 9/9/22. Pullback was occurred started on 12/9/22. On 13/9/22 with proper reading of price and timing this can be a good trade.

Entry:-

- Time of entry approx. 8:30pm

- Max profits 2.4R

- Price able to made a new low. This will open for another pullback trade in the coming days.

- Note: there was an important news release for US CPI around 8:30pm as well.

22 Sept 2022 (Trade Example): GBPCAD

 GBPCAD long trade om 22/9/22

- GBP was strong and majority of it pairs broke Asia session. Except for GBPJPY which show weakness, in this type of trade we can apply discretion when made decision.

- Entry:-

- Time of entry 6:06pm

- Max profits 2.41R

- Note: trade need to manage as at 7:00pm there was an important news release of interest rate for GBP. Trade should closed before news release.

 

22 Sept 2022 (Trade Example): CHFJPY

 CHFJPY long trade on 22/9/22

- CHF was the strongest currency across the board, all its pair broke New York session. But need to extra careful as SNB releasing the interest rate decision around 3:30pm time.

- Entry time 2:12pm

- Trade able to give max 3.41R profits.

Note: need to extra focus when pairs broke New York session as trade may get ready by Frankfurt or London opening. In this case good profit able to gain before it reverse after interest rate decision was announced.

21 Sept 2022: EURUSD

 EURUSD short trade on 21/9/22

Pre-Analysis:-

- EUR was the weakest currency across the board. All EUR pairs broke Asia session.

- Strength meter

Entry:-

- Time of entry

- Risk 0.5%

- Target 1R (pre set target)

Post Analysis:-

- After I lost during London session, I took a courage taking another trade during New York session.

- This supposed to be a good mentality, You saw a set up and opportunity also understand deeply why You lost previously, then You took a trade based on set up.

- Previously trade was not on set up, my mistake to take that trade.

- An ability to distinguish wrong trade and prepared for another opportunity is vital on your trading journey.

- Just avoid trade without set up, avoid avoid avoid.

21 Sept 2022: EURNZD

 EURNZD short trade on 21/9/22

Pre-Analysis:-

- EUR was the weakest currency across the board.

- Strength meter

Entry:-

- Entry time 4:27pm

- Risk 0.5% of account balance

- Target 1R

- Entry based on "Cluster of Closes" (COC) signal.

Post Analysis:-

- I scratch this trade as I realised mistake has been made.

- The break of COC not strong but I still entry for this, this was a cardinal mistake and cost me.

- Chart when I scratched this