15 Jul 2024 (Trade Example): NZDCHF

 NZDCHF short trade on 15/7/24

- NZDCHF short trade on A grade classification.

- Entry @ 2:00pm using M15 timeframe

3 Jul 2024 (Trade Example): XAUUSD

 XAUUSD long trade on 3/7/24

- XAUUSD long trade based on H4 time frame. Grade A trade and can consider as a swing trade.

- Entry @ 2:15pm using M15 time frame.

- Missed this trade, I put on watch list during 1/7/24 trading session.

- Lost focus to other forex pair and abandoned this setup, what a missed.

1 Jul 2024 (Trade Example): XTIUSD

 XTIUSD (WTI Oil) long trade on 1/7/24

- Trade was classified as A grade trade based on H4 time frame.

- Time of entry @ 10:45pm based on M15 time frame.

- Update as at 7/7/24

26 June 2024 (Trade Example): AUDCHF

 AUDCHF long trade on 26/6/24

- AUDCHF long trade based on H4 time frame. This trade should classified as grade A trade and can be a swing trade plan.

- Entry time @ 9:00am

- Price was increased after news released related to AUD (CPI y/y) at 9:30am.

- Update as at 7/7/24

24 June 2024 (Trade Example): USDCAD

 USDCAD short trade on 24/6/24

- Trade based on H4 time frame. This trade was classified as grade A.

- Entry time @ 2:00pm using M15 time frame.

19 June 2024 (Trade Example): USDJPY

 USDJPY long trade on 19/6/24

- Trade based on H4 time frame, grade A trade.

- Entry time @ 10:30pm using M15 time frame for precision.

- Update (22/6/24)

11 June 2024: (Trade Example): EURUSD

 EURUSD short trade on 11/6/24

-  Correlation chart shows strength in the favour of USD currency. All 7 pairs in USD  shown strength. This gave trade as A grade.

- Based on H4 timeframe, EURUSD was in downtrend

- Timing of the entry using H1 timeframe. 

- Entry time around 4:00pm

                        

16 May 2024 (Trade Example): NZDCHF

 NZDCHF long trade on 16/5/24

- All pairs in NZD group show that NZD was strong. This trade classified as grade A. Correlation shown below:-

- Strength meter:-

- Trade based on H1 time frame

- Enter a trade around 8:30pm (New York session)

14 May 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 14/5/24

- Based on H1 timeframe JPY group was very weak and all JPY pairs correlated show up move. This made this trade grade A.

- Trading timeframe was in H1

- Enter the trade around after 8:30pm. Strength meter also support this long trade, shows GBP was the strongest and JPY was the weakest.

30 Nov 2022 (Trade Example): NZDUSD

 NZDUSD long trade on 30/11/22

- NZDUSD on up trending, higher timeframe also show price at important support level (D1) and (H1) also price at support level. There was a potential A class trade.

- VSA chart:-

- Entry

- Entry time approx. 8:45am

- Max profits 2.82R

- Risk 1% (A class trade)

- A class trade as price at important support level, SOS with confirmation and change in behaviour to the upside.

16 Sept 2021 (Trade Example): AUDNZD

 Trade example on 16 Sept 2021, AUDNZD short trade base on cheese trade.

Pre-Analysis:-

Session Breaks Strength:- AUDNZD (-2 / +6)

Fundamental:- News event for NZD show strength, GDP q/q (2.8% / 1.1% / 1.4%). For AUD news show weakness.

Trading Plan:-

Trade Classification:- A trade

- Wait for digestion, inability for price to go up & finally range that forming close to market opening Frankfurt / London.

- Reminder, reading digestion must from M15 timeframe.

Post Analysis:-

- Max profit 2.33R

- Trade smoothly went to intended target of 2R.

- As a reminder please make prep sharp, at least 30 minute before Frankfurt opening.

2 Sept 2021: AUDUSD (long trade)

 AUDUSD long trade (cheese trade)

Pre-Analysis:-

Session Breaks Strength: AUDUSD (+7 / -5)

Fundamental:- For AUD there is good news release on GDP and for today trade balance (Jul) release show very good result (12.117B / 10.200B / 10.496B). While for USD news was not good, ADP Nonfarm Employment Change (374K / 613K / 326K)

Trading Plan:-

Trade Classification:- A trade

(strength no. good & support by fundamental, therefore I class this trade as A)

Entry:- 0.73882 (4:51pm)

Lot Size:- 0.83

Stop:- 0.73762 (12 pips)

Risk:- 1% ($ 100)

Exit: set at 2R profit

Post Analysis:-

- I am confident when this set up appear.

- Look back at entry point, am I enter early?

- Before this trade take off, 3 times price came back down.

- This drop may shake your confident whether this trade will work or not.

- I put my faith on this trade as I rate it A class. I gave chance  although price hovering around until NY session.

- During NY session, then price really took off.

- I close trade while still not achieve my exit plan (2R) as I saw price struggle to push higher.

- Price did not reach my 2R profit until end of NY session.

- Should I tighten my stop a little bit because of A class trade?. This will increase my RR ratio.

 

24 August 2021 (Sample Trade): USDCAD (short)

 Sample trade that can be taken on 24 August 2021, USDCAD short trade.

Pre-Analysis:-

Correlation:- USDCAD (1 / 12)

Market State:- price at seller's territory

Session Breaks:- USD broke Asia session with weak sentiment (6 pairs). CAD broke Asia session with strong sentiment (5 pairs).

Fundamental:- a few medium impact news for USD released yesterday (23 Aug 2021), it show weak sentiment for USD.

Trading Plan:-

Trade Classification:- A trade

(correlation, market state, session breaks & fundamental back this long trade, therefore an A class trade was classified)

Entry:-

- pullback details: this pullback happen in 2 stage, first buyer overtaken by seller as marked with (A).

- then price went back up again but unable to make higher high, that is the obvious sign buyers unable to perform.

- consolidation form after that & entry can be taken inside the area.

Post Analysis:-

- max profit around 2R

- unable to monitor this trade and miss it, my mind was not clear yesterday night.

23 August 2021: CADJPY (long trade)

 CADJPY long trade.

Pre-Analysis:-

Correlation:- CADJPY (9 / 4). stronger for CAD

Market Territory:- price traded under buyer's territory

Session Breaks:- CAD broke NY session with strong sentiment (6 pairs). While JPY broke NY session with weak sentiment (7 pairs).

Fundamental:- news favor CAD as on Friday (previous trading day) data core retail sales (mom) (Jun) was (4.7% / 4.6% / -2.0%).

While on Monday data for JPY services PMI  (Aug) show contraction 43.5 compared to previous release 47.4

Trading Plan:-

Trade classification:- A trade

(all factors back this CADJPY long trade, therefore an A class trade was classified)

Entry:-

Pullback details:- the sell marked with circle, all sell did not perform. until all sell taken out by aggressive buyers and after that price form sort of consolidation. the entry taken inside consolidation area.

Entry:- 86.290 (5:02 pm)

Lot Size:- 0.68

Stop:- 16 pips (86.130)

Risk:- 1% ($ 100)

Exit:- take profit at 2R (86.620), pre-set TP

Post Analysis:-

- entry was good, price immediately went up. happy with my timing.

- at 5:44pm as price went up, I reduce risk to half.

- after price try to come back down toward my entry, price jump back up. this time after price reach 1R profit, I move stop to BE (7.34pm)

- price continue to went up until very close to TP price but went down again. at 7:54pm I lock profit at 1R by moving the stop again.

- finally at 8:27pm price hit my stop and trade close at $ 98.85 profit close to 1R.

- price eventually went up until max of 2.95R for entire session trading yesterday.

- need improvement on exiting the trade.

- one more thing I need to consider put stop tighter as this was an A class trade. this will give better RR ratio. (but this also increasing chances of being hit)

16 August 2021: CADJPY (short)

 CADJPY short trade on 16 August 2021

Pre-Analysis:-

Correlation:- CADJPY (1 / 14) significant JPY strong.

Territory:- price traded under seller's territory as shown on the H1 chart

Session Breaks:- JPY group broke NY session with strong sentiment (6 pairs)

CAD group broke NY session with weak sentiment (6 pairs)

Fundamental:- there is news release today for JPY. GDP (qoq) (q2) shows good news for JPY (0.3% / 0.2% / -1.0%)

no news release for CAD, all sentiment for CAD was old and consider outdated.

Trading Plan:-

Trade Classification:- A trade (all factors, correlation, market territory, session breaks and fundamental news back this CADJPY short trade. thus an A class trade was classified.)

Entry:- 

Entry: 87.149 (0.91 lot) (5:36pm)

Stop: 87.269

Exit: trail the profit

Risk: 1% ($100)

Post Analysis:-

- around 8:40pm I started to doubt whether this trade will go further, at this time I already move my stop to breakeven but fear was still there.

- I decided to close the trade at 8:41pm as I doubt my trade

- Although the trade class was A but I still have fear at that time.

- How to stick to the trade? this trade performed well and can give max profit of 3.5R but I only manage to grab 0.5R profit only it is totally a waste !!!.