20 Jun 2023

19 June 2023: USDCAD

 USDCAD short trade on 19/6/23

- USDCAD got grade A trade classification. 


- Entry time 8:11pm
- Risk 0.25%


Post Analysis

- Scratch the trade with loss.
- Should not took this trade as entry price was far from trigger number.



19 June 2023: GBPJPY

 GBPJPY long trade on 19/6/23

- GBPJPY got trend alignment to the upside on daily, 4 hour and 1 hour timeframe. The correlation also show GBP was stronger than JPY. Therefore a long trade was a logic option. Trade classification was A trade.


- Entry time 2:14pm
- Risk 0.25%


Post Analysis

- Scratch the trade with small profit.
- Reason to scratch the trade was price seem has difficulty to go up.
- Unable to see another chance to re-entry.







16 Jun 2023

15 June 2023: EURGBP

 EURGBP short trade on 15/6/23

- Trade alignment to the downside appeared in daily, 4 hour and 1 hour timeframe. EURGBP valid for a short trade. However in term of correlation both EUR and GBP show strength, thus this trade can be classified as B trade.


- Entry time 10:07am (Asian trading session)
- Risk 0.25%


Post Analysis

- Trade ended breakeven
- Trade went down to max. 1.6R profit and turn back up to close at breakeven.
- This was a class B trade, with no correlation support should be careful not to loose those profit. This type of trade has tendency not to perform well.


- Correlation chart show both EUR and GBP all up or in other word both are equally strong. Even on technical chart EURGBP set up for a short but need to be curious as this trade might not drop smoothly.

EUR : -


GBP : -












15 Jun 2023

14 June 2023: AUDJPY

 AUDJPY long trade on 14/6/23

- Trend alignment to the upside appeared on daily, 4 hour and 1 hour timeframe. Opportunity for a long trade.


- Entry time 3:06pm
- Risk 0.25%



Post Analysis

- Trade closed with profit
- Profit 0.94R
- Stop should be tighten a little bit to ensure greater risk to reward.
- Decision to take profit was right but unable to grab max profit.
- Other pair seem to be better than AUDJPY was NZDJPY long trade.


- AUDJPY continue to rise higher after trade was closed.


- NZDJPY long trade with smooth up move compared to AUDJPY.







11 Jun 2023

9 June 2023 (Trade Example): EURGBP

 EURGBP short trade on 9/6/23

- Trend alignment to the downside confirm.


- Trade on 5 minute timeframe.
- Entry time 5:55pm






8 June 2023 (Trade Example): GBPNZD

 GBPNZD long trade on 8/6/23.

- Trend alignment to the upside confirm. This gave opportunity for a long trade.


- Trade on 5 minute timeframe.
- Entry time 9:45pm




  


6 Jun 2023

5 June 2023: GBPNZD

 GBPNZD short trade on 5/6/23


- Entry time  11:33am
- Risk 0.25%
- Exit plan, TP @ 2.044 for approx. 5R profit.

Post Analysis

- Stop out.
- Should set the stop a little bit higher, this will make this trade survive.
- Pay attention on where to place stop loss.
- Missed massive profit of max. 7R










3 Jun 2023

2 June 2023 (Trade Example): NZDUSD & GBPNZD

 NZDUSD long trade on 2/6/23


- Entry time 10:00am (Asian trading session)

GBPNZD short trade on 2/6/23


- Entry time 10:00am ( Asian trading session)
- Note: this is counter trend trading.






2 Jun 2023

1 June 2023 (Trade Example): GBPCHF

 GBPCHF long trade on 1/6/23


- Entry time 7:00pm