Forex Trading Journal: AUDCAD

Showing posts with label AUDCAD. Show all posts

1 Jun 2025

30 May 2025: AUDCAD

AUDCAD short trade on 30/5/25

Pre-Analysis:

- Trade based on daily timeframe, with price in downtrend.

- Strength meter AUD = -4, CAD = -3

- This trade based solely on design, so I will not hold long to it and may protect capital quickly.

- Risk $10, exit plan at previous price level that shoot up.

- I enter trade prior to important release related to CAD (GDP m/m).

Entry:

- Entry time 7:46pm

- Immediate strength meter

Post Analysis:

- Exited with profit 0.7R

- I have to close position as I am about to sleep and don't want to hold position over the weekend.

- Everything follow what was planned.

- The outcome was tiny but I accept it. Ready for next week.

16 Oct 2024

15 Oct 2024: AUDCAD

AUDCAD long trade on 15/10/24

Pre-Analysis:-

- Trade based on daily time frame. Strength meter as follow AUD = +4, CAD = -5

Entry:-

- Entry around 10:40 am (Asia session).

Post Analysis:-

- Scratch trade. Trade was not ready, able to got out with $7.56 lost from around $12.00 risk (0.25%).

- The decision was good as price drop further. This save account to wait for other set-up.

6 Apr 2023

6 Apr 2023: AUDCAD

AUDCAD short trade on 6/4/23

Pre-Analysis

Entry

- Time of entry 8:45pm

- Risk 0.25%

- Exit plan, TP @ 0.894 approx. 2.85R

Post Analysis

- Trade closed at breakeven. Price went down to max. 1.24R but I did not exit and went back up again.

- I did not plan for another scenario which is what am I going to do if price did not break first support at 0.8990 level.

- Should I exit when that level did not cut through? and gain more than just breakeven at least.

- I started to feel good with the selection process to enter the trade but find it struggle to exit.

- Which level should I exit? or should I fix the exit level? how much gain should I target?

- Those questions need to examine and will be my guide to make a solid exit plan.

- Extra note: I choose this pair as no other pairs got trade set up although this trade reward was less than 1R.

- Price chart when I closed trade: -

5 Apr 2023 (Trade Example): USDCAD

USDCAD long trade on 5/4/23

- This was a discretion trade as the confirmation indicator not in trading plan (test, no supply or shakeout). The indicator was SOS 133: Strength coming in.

- Entry time 2:00pm

- Max profit 4.74R

- Update: - another trade that appeared on 5/4/23 was AUDCAD short trade.

4 Apr 2023

3 Apr 2023 (Trade Example): AUDCAD

AUDCAD long trade on 3/4/23

- This was a discretional trade, as no confirmation as test, no supply or shakeout indicators according to trading plan. But SOS appear in the area of buying was climactic action & stopping volume. This trade can be considered in the future.

- Entry time 2:45pm

- Note: trade performed well and able to give very good profit. I missed this trade again.

28 Mar 2023

27 Mar 2023 (Trade Example): AUDCAD

AUDCAD short trade on 27/3/23

- Trend alignment to the downside for daily, 4 hour & 1 hour timeframe. In 15-minute timeframe short trade setup with sign of weakness appeared.

- Entry time 6:30pm

- Set up with SOS that failed (SOS in downtrend).

- Max profit 3.35R (at end of trading day)

19 Feb 2023

17 Feb 2023 (Trade Example): AUDCAD

AUDCAD long trade on 17/2/23

- VSA chart: -

- Entry: -

- Entry time 10:50pm

- Possible max profits 2.67R

10 Dec 2022

8 Dec 2022 (Trade Example): AUDCAD

AUDCAD long trade on 8/12/22

- AUDCAD was in uptrend according to higher timeframe both H4 and D1. Now SOS appeared on lower timeframe M15. Here got 2 entries on this date.

- VSA chart (1st entry):-

- VSA chart (2nd entry):-

- Entry:-

1st entry:-

- Time of entry 12:45am (8/12/22)

- Max profits 5.19R (exit on 10/12/22)

- Trade classification, B trade (trend up, SOS with confirmation but price not break the trigger bar yet).

2nd entry:-

- Time of entry 11:00am (8/12/22)

- Max profits 6.18R (exit on 10/12/22)

- Trade classification, B trade (trend down, SOS with confirmation, price already broke trigger bar).

Note: 2nd trade maybe hard to hold as price not move until the next day (9/12/22), it might pressure you to close this trade.

14 Jul 2022

11 July 2022 (Trade Example): AUDCAD & EURCAD

AUDCAD & EURCAD short trade on 11/7/22

27 May 2022

27 May 2022 (Trade Example): AUDCAD

AUDCAD long trade on 27/5/22

Time of entry: 6:00pm (27/5/22)

- This trade will able to give profit,

30 Jan 2022

27 Jan 2022: AUDCAD

AUDCAD short trade 27/1/2022

Pre-Analysis:-

Entry:-

Post Analysis:-

- This trade turn out profit but not as I hope.

- Failed to get 2R profit.

- In actual price able to reach 2R even 3R. Complete waste.

- As price took time to drop and trending system start change in color, I loss confident and decided to close it leaving huge profit on the table!

- Another trade example that setup in front of me but I hesitate to take it.

- End up miss this good trade. Again consider it a loss. How to improve?

25 Jan 2022

25 Jan 2022: AUDCAD

AUDCAD long trade on 25/1/2022

Pre-Analysis:-

- Fundamental news on AUD release this morning. Good result for AUD it may help to push price higher as we look to buy on AUD currency.

Entry:-

- 1st entry:-

- 2nd entry:-

Post Analysis:-

- Both entry was loss

- What was a silly mistake by me, I should not loss this 2 trade.

- First trade the stop was not right, the stop should set 2 pips lower. I will stop out anyway but this will prevent me to take another trade and this will prevent me to loss $ 186.49 (close to 2%).

- After loss 2 trade then as usual my confident drop and I hesitate to take USDJPY long trade after that which will give me positive result.

- The trade shown below:-