29 Dec 2024

27 Dec 2024 (Trade Example): GBPAUD

 GBPAUD long trade on 27/12/24

- Strength meter GBP = +2, AUD = -4


- Entry time around 9:00pm (New York session)


- Immediate strength meter 





27 Dec 2024

26 Dec 2024 (Trade Example): EURNZD

 EURNZD long trade on 26/12/24

- Strength meter EUR = +3, NZD = -6


- Entry time around 8:45pm (New York session)


- Immediate strength meter 


- note: missed this trade as I'm lack of focus. All trade that I missed due to my concentration. Need a lot of improvement.


25 Dec 2024

24 Dec 2024: AUDUSD

 AUDUSD short trade on 24/12/24

Pre-Analysis:-

- Strength meter AUD = -4, USD = +7


- Plan to take this trade for a 2R profit.

Entry:-

- Entry time 8:45pm


- Immediate strength meter 

Post Analysis:-

- Scratch this trade.

- Should not take this trade. There was no evidence price will break Asian range or yesterday low price.

- I repeated this mistake again.


22 Dec 2024

20 Dec 2024: CADCHF

 CADCHF short trade on 20/12/24

Pre-Analysis:-

- Strength meter CAD = -2, CHF = +3


- Plan to exit at 2R profit.

Entry:-

- Entry time 6:04pm (London session)

- Immediate strength meter 



Post-Analysis:-

- Scratch trade.

- During New York session price still hovering around my entry price and I started feeling that this price might not drop as I expected.

- At the end of this trading week, price for CADCHF was not dropping as I wanted and my decision to scratch was a right decision.



20 Dec 2024

19 Dec 2024 (Trade Example): EURJPY

 EURJPY long trade on 19/12/24

-Strength meter EUR = +3, JPY = -1


- Entry time 2:00pm


- Immediate strength meter 


- Update:-




18 Dec 2024 (Trade Example): NZDCHF

 NZDCHF short trade on 18/12/24

- Strength meter NZD = -5, CHF = 0


- Time of entry around 11:00pm (New York session)


- Immediate strength meter 

- Update:-



19 Dec 2024

18 Dec 2024 (Trade Example): EURNZD

 EURNZD long trade on 18/12/24

- Strength meter EUR = +3, NZD = -5

- Entry time around 9:00am (Asian session)

- Immediate strength meter


- Update:-








18 Dec 2024

17 Dec 2024 (Trade Example): GBPAUD

 GBPAUD long trade on 17/12/24

- Strength meter GBP = +4, AUD = -3



- Entry time 3:00pm, supported also by news event of UK claimant count change.



- Immediate strength meter 



Update:-



17 Dec 2024

16 Dec 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 16/12/24

- Strength meter GBP = +3, JPY = -1

- Entry time around 8:30pm 

- Immediate strength meter 

- note: hesitated to take this trade as the strength meter not showing dominant side either in strength nor weakness. Perhaps I should consider this trade setup for a 1R trade.

Update:-




14 Dec 2024

13 Dec 2024 (Trade Example): USDJPY

 USDJPY long trade on 13/12/24

- Strength meter USD = +6, JPY = -1


- Immediate strength meter 



- Entry time 4:00pm (London session)




11 Dec 2024

10 Dec 2024 (Trade Example): GBPNZD

 GBPNZD long trade on 10/12/24

- Strength meter GBP = +4, NZD = -4

- Trade based on H1 timeframe.

- Entry time around 10:00pm (New York session)


- Immediate strength meter.




8 Dec 2024

6 Dec 2024 (Trade Example): AUDJPY

 AUDJPY short trade on 6/12/24

- Trade based on H1 timeframe.

- Strength meter AUD = -7, JPY = +7

- Watchlist: 

* Sell: AUDUSD, AUDJPY, NZDJPY


- Entry time 10:00pm (New York session)


- Note: I lost for this week. But there was plenty of good trade that I missed. I need to focus on my trading plan don't easily get distracted! 


7 Dec 2024

5 Dec 2024 (Trade Example): EURAUD

 EURAUD long trade on 5/12/24

- Trade based on H1 timeframe 

- Overall strength meter EUR = -3, AUD = -7

- Strength meter

- Entry time 9:00pm (New York session)


5 Dec 2024

4 Dec 2024: EURGBP

 EURGBP short trade on 4/12/24

Pre-Analysis:

- Trade based on H1 timeframe.

- Strength meter EUR = -5, GBP = +2

- Exit plan was to take this trade for 2R. 

Entry:

- Entry time 4:45pm (London session)

- Immediate strength meter 


Post Analysis:

- Stopped out.
- Not all pairs of EUR show weakness and also not all pairs of GBP show strength. Therefore it should not be taken.
- Very itchy hand to trade.
- There was something I learn from Jesse Livermore, "it never was my thinking that made the big money for me. It always was my sitting".


- Strength meter at the end of trading day