20 Dec 2022: NZDUSD

 NZDUSD short trade 20/12/22

Pre-Analysis

- NZDUSD 15 min chart got sign of weakness (SOW). Volume was ultra-high. Looking for a short trade.

- Entry

- Time of entry 5:15pm

- Risk 0.25%

Post-Analysis

- I scratched this trade with very small profits.

- Plan to swing this trade, but then during New York session price reverse back towards my entry.

- This made me think this trade will not work and decided to close.

- 2 options I can use, first move stop to breakeven (this trade may survive and will give benefit of swing trade). Second, I can be opted for a day trade, stop might be tighten and take profits at the recent low.

- I am changing my trading style to day trade after this, try to take profits at the region of 2R or 3R only instead of swing for bigger profits.

- Try to realize profits within the same trading day to boost confident.

  

- Update on price chart (21/12/22)

- It seems if I move stop at breakeven this trade still alive.

20 Dec 2022: USDCAD

 USDCAD long trade on 20/12/22

Pre-Analysis

- Sign of strength on 15 minutes chart of USDCAD (with ultra-high volume).

- Entry

- Entry time 3:45pm

- Risk 0.25%

Post-Analysis

- Trade closed with losses.

- I scratch this trade.

- The test not testing the ideal test area which is the trigger point or inside buying area (price where ultra-high volume appeared).

- Next time do not take trade when price not at least testing the trigger number.

- Update on USDCAD price chart (21/12/22)

14 Dec 2022 (Trade Example): AUDCHF

 AUDCHF short trade on 14/12/22

- VSA chart shows sign of weakness (SOW) in 15 minutes timeframe

- Entry: -

- Entry time 9:45pm (14/12/22)

- Max profits 6.09R (closing at 16/12/22) need to hold for 2 days.

15 Dec 2022 (Trade Example): EURGBP

 EURGBP long trade on 15/12/22

- VSA chart on 15 minutes timeframe.

- Entry:-

- Time of entry 10:00am

- Max profits 7.48R (M15)

- Trade may need to hold until the next day.

13 Dec 2022 (Trade Example): EURUSD

 EURUSD long trade on 13/12/22

- VSA chart show some buying activity start from 9/12/22

- On 13/12/22 price tested again around top of trigger bar with test indicators.

- Entry:-

- Time of entry 8:30pm

- Max profits of 3.54R (M30)

- Just for a reminder there was a economic data release, US CPI. This trade still a risky trade as CPI data may cause some slippage in price. Therefore any stop loss may not guaranteed at out pre set price.

9 Dec 2022 (Trade Example): AUDCHF

 AUDCHF short trade on 9/2/22

- AUDCHF was on downtrend. SOW appeared on lower timeframe M15.

- Trade:-

Trade #1

- Time of entry 10:00am

- Risk 0.25%

- Trade class: C (SOW with confirmation, but trend alignment still in uptrend)

- Max profits 4.49R (M15)

Trade #2

- Time of entry 1:30pm

- Risk 0.5%

- Trade class: B (SOW with confirmation, price broke trigger bar, trend alignment to the downside)

- Max profits 2.86R (M15)

8 Dec 2022 (Trade Example): AUDCAD

 AUDCAD long trade on 8/12/22

- AUDCAD was in uptrend according to higher timeframe both H4 and D1. Now SOS appeared on lower timeframe M15. Here got 2 entries on this date.

- VSA chart (1st entry):-

- VSA chart (2nd entry):-

- Entry:-

1st entry:-

- Time of entry 12:45am (8/12/22)

- Max profits 5.19R (exit on 10/12/22)

- Trade classification, B trade (trend up, SOS with confirmation but price not break the trigger bar yet).

2nd entry:-

- Time of entry 11:00am (8/12/22)

- Max profits 6.18R (exit on 10/12/22)

- Trade classification, B trade (trend down, SOS with confirmation, price already broke trigger bar).

Note: 2nd trade maybe hard to hold as price not move until the next day (9/12/22), it might pressure you to close this trade.

 

6 Dec 2022: USDCAD

 USDCAD long trade on 6/12/22

Pre-Analysis:-

- USDCAD was in uptrend for higher timeframe (D1 & H4).

- VSA chart:- SOS appeared on M15 chart

Entry:-

- Entry time 6:00pm

- Risk 0.25%

- Trade classification: C trade (SOS without confirmation)

Post Analysis:-

- Trade closed at breakeven

- Move stop at breakeven before went to sleep. Price hit stop around 12:00am (7/12/22) and rebound after that.

- I thought this trade might not work but I'm prepared to breakeven that what made me move the stop.

- Eventually price hit higher and again I missed the profits.

- Now my other issue is how to exit a trade?

- As at 5:00pm 7/12/22 here is how USDCAD perform.

5 Dec 2022: EURCAD

 EURCAD long trade on 5/12/22

Pre-Analysis:-

- EURCAD on uptrend referring to higher time frame (D1 & H4).

- VSA chart show sign of strength (SOS) in M15 timeframe.

Entry:-

- Entry time 8:45pm

- Risk 0.25%

- Trade class: B trade (SOS with confirmation and got change in behaviour)

- Note on risk, for B trade I suppose to take a trade with 0.5% but this time I reduced it as previous trade (AUDUSD long) suffered with full loss of risk.

Post Analysis:-

- I closed trade with profits. (2.73R)

- Time of exit 5:30am (6/12/22)

- Look at what happen to my emotion and fear, as previous trade I lost then for this trade I decided to change risk taking to only 0.25% instead of 0.5%.

- This emotion resulting from the unnecessary lost made me missed larger profits. If I took this trade as per usual 0.5% (B trade), then my profits will be 1.365% of my account balance.

- With reduced risk I manage to get only 0.6825% increase out of account balance.

- What a missed still. High performance trader might consider this as a loss as well.

- Update:- as at around 5:00pm (7/12/22) this is how EURCAD perform

5 Dec 2022: AUDUSD

 AUDUSD long trade on 5/12/22

Pre-Analysis:-

- AUDUSD trending up based on higher time frame (D1 & H4)

- VSA chart on M15 timeframe:-

Entry:-

- Entry time 5:45pm

- Risk 0.25%

- Trade classification: C trade (SOS with confirmation but there was no change in behaviour yet)

Post Analysis:-

- Trade closed with loss (full risk)

- Here again I took a trade that suppose not to be a trade.

- There was not change in behaviour. Only take a trade when no change in behaviour, if SOS/SOW show ultra high volume accompanied by very wide spread bar.

- Avoid unnecessary trade to avoid loss.

 

2 Dec 2022 (Trade Example): NZDUSD

 NZDUSD long trade on 2/12/22

- NZDUSD trending up at least for higher timeframe H4 and D1. On M15 chart, SOS appeared.

- Entry:-

- Time of entry 10:30pm

- Max profits 1.37R (M15)

- Trade classification, C trade: SOS with confirmation but there was no change in behaviour during entry time.

- Risk 0.25%

1 Dec 2022 (Trade Example): EURUSD

 EURUSD long trade on 1/12/22

- EURUSD trending up for H1, H4 and D1 timeframe. Now SOS appeared in M15 timeframe.

- Entry:-

- Entry time 9:15pm

- Max profits 2.37R

- Trade classification, B class: SOS without confirmation but has change in behaviour in M15 chart.

- Risk 0.5%.

1 Dec 2022: USDCHF

 USDCHF long trade on 1/12/22

Pre-Analysis:-

- This was a counter trend/reversal trade. Higher timeframe shows USDCHF on downtrend, but on smaller timeframe (M15) sign of strength (SOS) appeared. This trade always C class trade.

- VSA chart:-

Entry:-

- Time of entry 9:00pm

- Risk 0.25% (C class trade)

Post Analysis:-

- Losing trade, full risk.

- Counter trend trade always difficult. 

- Pay attention also to bar that appeared SOS indicator, it was not a wide spread. Give more weight to wide spread bar with SOS indicator.

- I will post EURUSD long trade as example that work extremely well compared to USDCHF long.

- I lost again opportunity to score good profits, next I need deeper thought on pair selection, really study and analyse every trade option before committed a trade.

30 Nov 2022 (Trade Example): NZDUSD

 NZDUSD long trade on 30/11/22

- NZDUSD on up trending, higher timeframe also show price at important support level (D1) and (H1) also price at support level. There was a potential A class trade.

- VSA chart:-

- Entry

- Entry time approx. 8:45am

- Max profits 2.82R

- Risk 1% (A class trade)

- A class trade as price at important support level, SOS with confirmation and change in behaviour to the upside.

30 Nov 2022: USDCAD

 USDCAD long trade on 30/11/22

Pre-Analysis:-

- Support on (H1) chart but it was not visible on higher timeframe (D1), this may take as B trade classification.

- VSA chart:-

Entry:-

- Entry time 1:15am (1/12/22)

- Risk 0.5% (B class trade)

Post Analysis:-

- Trade closed with stop out (full risk loss)

- I did not take into consideration there was speech by Fed Chairman, Jerome Powell which effect the price.

- During Powell speech price reverse and hit my stop.

- Need to consider important speech in the future, better not to trade during that event.

- All the process look good but one missing element that I overlook cause me a loss trade.

- Better next time for sure.