GBPCHF long trade on 21/2/23
Pre-Analysis
Entry
- VSA chart system
- Time of entry 4:08pm
- Risk 0.25%
- Exit plan, TP @ previous day high for 1.88R profits.
Post Analysis
- Closed trade with profits 3.79R
- The best trade so far this year. Need more trade like this.
- Follow all trading plan/checklist.
- Need improvement on taking profits.
- I felt my focus was better compared to previous trade.
- Trade impacted by important news event for GBP related to data PMI: flash manufacturing and flash services. Released at 5:30pm
- Price after trade was closed
- Got issue with closing trade, feel that trade closed affected by fear, a fear that I might lose these profits.
- Can we use correlation and strength of currency to close trade? If can how can it be done?
- Max possible profits at the end of today's trading day 7.32R
- I missed big profits!