EURJPY short trade on 2/3/23
Pre-Analysis
- Currency strength & correlation: -
Entry
- VSA chart system: -
- Entry time 5:56pm
- Risk 0.25%
Post Analysis
- Scratch this trade
- When price went against my entry, then I started to lost hope that this trade was right.
- Emotional note: taken trade when my mind distracted by other things, i.e., coffee time. Trade also taken out of FOMO.
- On correlation aspect, look at the strength chart EUR still stronger than JPY, then why took a trade? That me to be blame for taking this trade.
- Direction might be right, technical aspect might be right but I'm wrong on TIMING.
- Be patience on timing the entry.
- Update: this trade can give profit should I time it correctly.
- Entry time should be around 10:25pm
- This can give max 1.98R profit with holding this trade until next trading day.
- VSA chart system: -
- Currency strength: -
