CADJPY long trade on 6/1/25
Pre-Analysis:
- Strength meter CAD = +5, JPY = -1
- Plan to take profit at 2R
Entry:
- Entry time 11:00pm (New York session).
- Immediate strength meter
Post Analysis:
- Another scratched trade.
- Lost confident as price dropped below entry price after a brief surge up. Decided to take a lost on this.
- Price able to reach my 2R target.
- Can't do much as I'm not confident to hold on this trade.
- Still can't trade confidently and consistently.
- Not important whether you are right or wrong. How much money you make when you're right and how much you lose when you're wrong the most important.