Forex Trading Journal: November 2022

30 Nov 2022

29 Nov 2022 (Trade Example): AUDUSD

AUDUSD long trade on 29/11/22

- AUDUSD at support level for H1 (but this not an important level as D1 did not see this level). This can be C classification trade.

- VSA chart:-

- Entry:-

- Time of entry 9:45am (M15)

- Max profits 3.45R

- Risk 0.25% (C trade)

- Trade classification: C trade (SOS without confirmation, price not at important level)

29 Nov 2022 (Trade Example): CADJPY

CADJPY short trade on 29/11/22

- This short trade was much better than trade that I took with USDJPY short.

- Trade at resistance level (H1) but on higher timeframe (D1) it was not an important level, so it need to take with caution.

- VSA chart:-

- Entry:-

- Time of entry 4:45pm

- Max profits 5.69R (M15)

- Risk 0.5% of account balance (B trade)

- Classification: B trade (not at important level of resistance, SOW with confirmation)

29 Nov 2022: USDJPY

USDJPY short trade on 29/11/22

Pre-Analysis:-

- In downtrend, but not at important resistant level.

- VSA chart:-

- Trade classification, B trade (SOW with confirmation but not at important level, price also show change in behaviour).

Entry:-

- Entry time 3:15pm

- Risk at 0.5% of account balance (B trade)

Post Analysis:-

- Scratch this trade for small profits.

- Stop level should be lower so that risk-reward will bigger.

- Emotion at time of entry was stable and calm, this is good (show some improvement).

- Area of improvement in term of pair selection, I will post separately how CADJPY pair for a short trade performed way better than USDJPY.

- How this trade ended:- (max profits only 0.65R)

29 Nov 2022

28 Nov 2022 (Trade Example): EURUSD

EURUSD long trade on 28/11/22

- Trade classification, C trade (SOW without confirmation and price not at important support area)

- Time of entry approx. 4:00pm (15 minutes chart)

27 Nov 2022

24 Nov 2022 (Trade Example): XAUUSD

XAUUSD long trade on 24/11/22

- VSA chart

- Entry

- Time of entry 1:30am

- Max profits 5.59R (30 minutes timeframe)

- Trade classification, B trade (SOS with confirmation but trade not at important support level).

24 Nov 2022

23 Nov 2023 (Trade Example): EURJPY

EURJPY short trade on 23/11/22

- EUR currency got some very high volume activity

- EURJPY chart at important resistance level

- VSA chart (15 minutes) shows sign of weakness principle.

- Entry

- Time of entry 8:45pm

- Max profits 4.14R

- Trade classification, A trade (SOW with confirmation, price at important resistance level).

23 Nov 2022 (Trade Example): EURGBP

EURGBP short trade on 23/11/22

- EUR currency chart shows some high activity, volume was very high.

- VSA chart (15 minutes) on EURGBP got sign of weakness.

- Entry

- Time of entry 4:30pm

- Max profits 4.66R

- Trade classification, B trade (SOW with confirmation but price level not at the important resistance level)

- Risk should be 0.5% of account balance.

23 Nov 2022

22 Nov 2022 (Trade Example): EURGBP

EURGBP short trade on 22/11/22

- High volume activity detected for Euro currency (on 30 minutes chart)

- EURGBP pair selected for a short trade. Sign of weakness appeared but no confirmation on this principle. Price broke lower after that.

- Entry:-

- Time of entry 7:15am

- Max profits 2.13R (on 15 minutes chart)

- Trade class C, as no confirmation on VSA principle.

19 Nov 2022

18 Nov 2022 (Trade Example): AUDUSD

AUDUSD long trade on 18/11/22

- AUD currency shows sign of strength (buying) on 15 minutes chart. Ultra high volumes there indicates activity of smart money they might be buying this currency. Next we should check which currency pair suitable for this long trade.

- VSA chart (AUDUSD)

- Entry

- Entry time 1:45am

- Max profits 3.66R (M15)

- Trade classification, B trade (with major VSA principle and confirmation, but without at important support/resistance).

- Not in clear trending (up) as well.

17 Nov 2022 (Trade Example): AUDUSD

AUDUSD short trade on 17/11/22

- VSA chart

- Entry

- Time of entry 4:30pm

- Max profits 4.44R

- Trade classification, B trade (major VSA principle with ultra high volume but it was a kind or reversal trade).

16 Nov 2022

15 Nov 2022 (Trade Example): CHFJPY

CHFJPY short trade on 15/11/22

- Trade based on scalping strategy, as price approach previous drop and show sign of turning downward then we can find trade setup based on VSA principle on the downtrend.

- VSA chart: at this point all time frame show trend alignment (H1, M30, M15 & M5)

- Entry

- Time of entry 7:00pm

- Max profits 8.85R (based on M5 timeframe entry)

- However I classified this trade as C trade. ( it was a reversal trade without major SOW), this should be taken at 0.25% risk.

- But with high RR rate this could give around 2.2% increase in account balance.

13 Nov 2022

11 Nov 2022 (Trade Example): EURUSD

EURUSD long trade on 11/11/22

- Trade with absorption volume which shows sign of strength (SOS). The sign of weakness (SOW) early on was not confirm and price push higher which now confirm smart money have absorb the supply and may push price higher again.

- VSA chart:-

- Time of entry 1:00pm

- Max profits 5.87R

- This trade classified as an A trade (broke old top with major SOS and accompanied by climactic volume).

- Trade also follow up trending market in general, this support bias for a long trade.

- This also following the effect of major news event on previous day, which was US CPI data.

12 Nov 2022

11 Nov 2022 (Trade Example): GBPCHF

GBPCHF short trade on 11/11/22

- Price approach resistance area in a downtrend. Then major sign of weakness (SOW) appeared, this give probability of a short trade going to work. This trade can be classified as A trade quality based on these two confluence.