NZDCHF long trade on 28/2/23
Pre-Analysis
- Strength meter: -
Entry
- VSA chart system: -
- Entry time 11:02pm
- Risk 0.25%
- Exit plan, TP @ 0.58300 for approx. 2R profit.
Post Analysis
- Hit TP
- Note on emotion during trade, a little bit chaos and unstable. This resulting in entry not at the best price. Can get a little bit lower price.
- Stop need to consider for a little tight for better risk-reward.
- Missed more profits as price went up beyond 0.58300.
- Overall, on trade direction I got it right but need improvement on controlling my emotion during time to enter a trade.
- Need more improvement on taking profits, so far often missed a big chunk of profits.
- There was a better trade than this, NZDCAD long trade and it supported by major news event related to CAD (GDP m/m)
- Update: -
- If this trade hold until end of 1/3/23 trading day max profit will be 4.9R