30 Mar 2023

30 Mar 2023 (Trade Example): GBPNZD

 GBPNZD short trade on 30/3/23

- Scalping trade in 5-minute chart.


- Entry time 1:20pm
- Max profit 4.95R




29 Mar 2023

29 Mar 2023: EURUSD

 EURUSD long trade on 29/3/23

Pre-Analysis

- Trend alignment to the upside for daily. 4 hour & 1 hour timeframe. In 15-minute timeframe there was SOS appeared with ultra-high volume.



Entry

- Time of entry 5:15pm
- Risk 0.25%
- Exit plan, trailing profit.


Post Analysis

- Lost trade with full risk.
- If I trade as scalping it may give me some profit. Price went beyond 1R profit then reverse until it stops me out.
- I have no plan for multiple scenarios. 
- My mistake was not moving stop to breakeven, and I let price hit my stop. Should get out early to protect trade.
- Trend in hourly chart was not clear uptrend, short term trend show congestion, while medium trend show downtrend. No trend alignment occurs. 
- Should rewrite trading plan/checklist to include what is trend alignment.



- The next day price when up with very clear direction to the up move. It looks like I got direction right but again my timing was off until the next trading day.





28 Mar 2023

27 Mar 2023 (Trade Example): AUDCAD

 AUDCAD short trade on 27/3/23

- Trend alignment to the downside for daily, 4 hour & 1 hour timeframe. In 15-minute timeframe short trade setup with sign of weakness appeared.


- Entry time 6:30pm
- Set up with SOS that failed (SOS in downtrend).
- Max profit 3.35R (at end of trading day)







25 Mar 2023

24 Mar 2023 (Trade Example): USDCAD

 USDCAD long trade on 24/3/23

- Trend alignment for upside in daily, 4-hour and 1 hour timeframe. On 15-minute timeframe there was an absorption volume set up.


- Entry time 5:45pm
- Max profit 1.58R





24 Mar 2023 (Trade Example): EURUSD

 EURUSD short trade on 24/3/23




- Entry time 4:00pm
- Max profit 3.95R





22 Mar 2023

20 Mar 2023 (Trade Example): EURUSD

 EURUSD long trade on 20/3/23


- Entry time 5:45pm


- On 21/3/23 there was another entry opportunity with absorption volume setup.


- Update: -


- Max profit 10R (for first trade), second trade with absorption volume set-up also performed well.








21 Mar 2023

21 Mar 2023: NZDJPY

 NZDJPY long trade on 21/3/23

Pre-Analysis



- Currency strength & correlation: -


Entry

- VSA chart system: -


- Entry time 5:10pm
- Risk 0.25%
- Tarde size: 0.03 standard lot
- TP plan @ 83.177 for approx. 6R


Post Analysis

- Scratched the trade, took lost half of the risk.








20 Mar 2023 (Trade Example): GBPJPY

 GBPJPY long trade on 20/3/23



Entry: -

- VSA chart system: -


- Entry time 5:30pm
- Max profit 3.06R until end of trading day.





19 Mar 2023

15 Mar 2023 (Trade Example): GBPCHF

 GBPCHF long trade on 15/3/23, trade based on volume spread analysis methodology.



- Entry time 3:00pm
- Max profit 4.96R (hold trade until 17/3/23 trading session)





17 Mar 2023

16 Mar 2023 (Trade Example): EURCHF

 EURCHF long trade on 16/3/23


Entry: -

- VSA chart system



- Entry time 10:30pm
- Max profit 1.02R (end of trading day)





16 Mar 2023

15 Mar 2023 (Trade Example): CHFJPY

 CHFJPY short trade on 15/3/23



- Entry: -



- Entry time 5.05pm
- Max possible profit 16.62R (hold trade until next day).






15 Mar 2023

14 Mar 2023: EURNZD

 EURNZD short trade on 14/3/23

Pre-Analysis



- Currency strength & correlation: -


Entry

- VSA system chart: -



- Entry time 7:25pm
- Risk 0.25%

Post Analysis

- Stop out. Got spike on the important news event related to US CPI data.
- Should careful when correlation was tight and pending important news event.
- More of try my luck trade.


- Price after stopping out









14 Mar 2023

13 Mar 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 13/3/23



- VSA chart system



- Entry time 7:00pm
- Max possible profit 3.43R