29 Jan 2025 (Trade Example): AUDUSD

 AUDUSD short trade on 29/1/25

- Trade based on scalping trading system.

- Correlation check show AUD was the weakest currency across the board.

- On all of pairs AUDUSD seen to be the most suitable for this trade, also supported by an important news release related to AUD CPI during Asian session.

- Time of entry around 5:00pm

- Strength meter

28 Jan 2025: AUDUSD

 AUDUSD short trade on 28/1/25

Pre-Analysis:

- Trade based on trend pullback system

- I have checked with correlation, USD show strength compare to other currency.

- Flow also pointing down.

- Pullback phase believed to complete and ready for a short trade.

- Risk $10, plan to ride this down until recent low.

Entry:

- Made 2 trade for this day.

- First entry time 4:28pm (London session), second entry time 8:06pm prior to New York session.

- Second trade immediate strength meter 

Post-Analysis:

- Scratch both trade. First trade on the same day, while second trade scratched on the next day.

- Timing was wrong.

- Correct timing should be on 29/1/25 during Asian session, prior to news release related to AUD CPI data.

- While second trade give a little bit profit, but I haven't convince on the outcome as my entry price wasn't perfect.

- Here where I should enter on 29/1/25.

- Second black arrow was perfect entry on 29/1/25, as this time buyer was believed to completely gone.

- The first black arrow was good price to time entry for an aggressive trade. This is base on price look unable to make another run up at an area of support. This was riskier but can pay off good profit.

- An aggressive trade on H4 chart

- This trade may give entry on 28/1/25 (same day as my trade), timing around Asia session.

24 Jan 2025 (Trade Example): GBPUSD

 GBPUSD long trade on 24/1/25

Pre-Analysis:

- Trade based on counter trend.

- As GBPUSD direction is down, upon buyers active on this pair to push price higher (this also mean a pullback/deal coming in) we can temporary trade for a long up until max of previous seller area on higher timeframe. In this case daily.

- This need to be a very careful trade.

- We only can consider this if the pullback came in strong, indicating there was buyers pushing this price.

- Strength meter for GBP and USD

Entry:

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

- The red line in above chart indicate previous seller's area that possible to use as take profit area.

- Immediate strength meter 

23 Jan 2025: EURCAD

 EURCAD long trade on 23/1/25

Pre-Analysis:

- Trade based on trend pullback.

- Currency strength EUR = +4, CAD = -4

- Risk $10, target at 2R.

Entry:

- Entry time 9:40pm (New York session)

- Immediate strength meter 

Post Analysis:

- Another scratch trade.

- This was a FOMO trade.

- Immediate strength meter also not at the required level.

- I believe my understanding of trend pullback concept still not there. There was no 'deal' in this trade. I myself label it as a 'deal' while in actuality was not.

- I may change to look for a 'deal' from daily timeframe. As now Urban Forex has their market analysis session every Monday, I will take their input to find my trade setup.

- Will also abandon calculate for strength meter, but will focus on the flow of market and correlation.

- In mean time, I will trade also my scalping trading system with always target 1R profit.

- Update (28/1/25), price did went up starting on 24/1/25 and only able to make slightly new high until 25/1/25.

22 Jan 2025: USDJPY

 USDJPY long trade on 22/1/25

Pre-Analysis:

- This trade based on scalping system with target of 1R.

- At this point I believed USD currency was the strongest.

- Based on pullback I decided to take this trade.

Entry:

- Entry time 3:50pm

- Immediate strength meter 

Post Analysis:

- Scratch this trade as price not advancing fast, instead price dropped towards my stop.

- This trade supposed to be on JPY weakness rather than USD stronger.

- Supposed I trade EURJPY for a long trade

- Time of trade around 5:30pm

- Immediate strength meter 

- This trade system to support my trading if in case there was no setup for trend pullback trading.

- In this system, I will target 1R only.

17 Jan 2025: AUDUSD

 AUDUSD short trade on 17/1/25

Pre-Analysis:

- Currency strength meter AUD = -1, USD = +5

- Risk $10, target profit 2R

Entry:

- Entry time 8:30pm

-  Immediate strength meter 

Post Analysis:

- Another scratched trade.

- Had to as immediate strength meter show USD suddenly dropped it strength. While AUD gaining strength rapidly.

- No guess, no hesitation just scratch as I don't want to lose more.

- Lucky got tiny profit, if not sure $10 will gone.

- Immediate strength meter when I scratch this trade

- This trading week I gain total of $15.92 profit. My account balance is $4894.

- Need another $102 to get back at original $5000.

16 Jan 2025: GBPUSD

 GBPUSD short trade on 16/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, USD = +5

- Risk $10, target 2R profit.

Entry:

- Entry time 4:34pm (second trade in the chart)

- Immediate strength meter 

Post Analysis:

- Scratch trade at around 5:30pm time.

- As strength meter show GBP gaining significant strength, I decided to scratch this trade.

- Price did drop a little bit after I have scratched trade but reverse back up and will trigger my stop if I stayed in trade.

- Decision to scratch was correct.

- I'm in a state of euphoria after winning trade in the Asia session, this give me super confident to take this trade.

- Look back at immediate strength meter, there was not a significant difference between GBP weakness and USD strength, therefore I should not take this trade if we look in hindsight.

- Lucky to lose minimum amount.

16 Jan 2025: GBPJPY

 GBPJPY short trade on 16/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +5

- Following yesterday trade on this pair, I saw an opportunity again to short. After analyzing all the data and information I decided to trade this during Asian session.

- Risk $10, exit plan at 2R profit level, scratch this trade if data from immediate strength meter doesn't support this trade anymore.

Entry:

- Entry time 9:12am (trade was the second in this chart)

- Immediate strength meter 

Post Analysis:

- Preparation was good. This time I'm totally focus. Check everything to ensure I didn't miss this opportunity.

- Feel so good to catch this smooth trade. Need more of this kind of trade and consistently profit from it. Surely I'm on my way to recover this account.

- Often I missed trade during Asian session. But not today. Happy.

15 Jan 2025: GBPJPY

 GBPJPY short trade on 15/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +2

- Exit plan at 2R profit level.

- Aware of important news release related to GBP (CPI y/y)

Entry:

- Entry time 3:05pm just after news release.

- Immediate strength meter 

Post Analysis:

- Have to scratch this trade.

- Strength meter shown GBP gaining strength, feeling that price might reverse at least for this day.

- The decision was correct as price did reverse towards my stop. This save me a few bucks.

- Wait for possible re-entry.

14 Jan 2025: GBPUSD

 GBPUSD short trade on 14/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, USD = +7

- Exit plan at 2R profit.

- Aware of important news release related to USD (Core PPI m/m and PPI m/m)

Entry:

- Entry time 8:43pm, before news release.

- Immediate strength meter 

Post Analysis:

- Scratched trade as price not drop as I expected and also influenced by data release PPI that not favored USD currency.

- Lucky to grab a little profit as I'm scratching it.

- Price not drop and surely hit my stop if I didn't scratch this trade.

- Made my decision swiftly and without hesitation.