Showing posts with label AUDJPY. Show all posts
Showing posts with label AUDJPY. Show all posts

15 May 2025

12 May 2025: AUDJPY

 AUDJPY long trade on 12/5/25



Entry:

- Entry time 5:52pm 


- Immediate strength meter 


Post Analysis:

- Scratch trade. Should not be a trade.
- Higher timeframe shows in downtrend.
- Should not consider long.
- Only trade long for a counter trend setup with entry during opening London session (break of Asia session), this also should take profit immediately not to hold.


- Below shows the AUDJPY on higher timeframe.


- Below how I should trade this long.


- Update (17/5/25): 2 days later on 14/5/25 there was a short trade opportunity occurred. This follow higher timeframe trend which is down.


- The trade setup during London session and entry should be around 4:00pm time.

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! 


26 Apr 2024

25 Apr 2024 (Trade Example): AUDJPY

 AUDJPY long trade on 25/4/24

- JPY correlation


- Trade based on H1 time frame


- Entry time around 8:15am





21 Jul 2023

20 July 2023 (Trade Example): AUDJPY

 AUDJPY long trade on 20/07/23


- Entry: -


- Entry time 8:00am
- Entry timeframe M15
- Possible profit 10.16R





15 Jun 2023

14 June 2023: AUDJPY

 AUDJPY long trade on 14/6/23

- Trend alignment to the upside appeared on daily, 4 hour and 1 hour timeframe. Opportunity for a long trade.


- Entry time 3:06pm
- Risk 0.25%



Post Analysis

- Trade closed with profit
- Profit 0.94R
- Stop should be tighten a little bit to ensure greater risk to reward.
- Decision to take profit was right but unable to grab max profit.
- Other pair seem to be better than AUDJPY was NZDJPY long trade.


- AUDJPY continue to rise higher after trade was closed.


- NZDJPY long trade with smooth up move compared to AUDJPY.







14 Jan 2023

12 Jan 2023 (Trade Example): AUDJPY

 AUDJPY short trade on 12/01/23

- Yen got pullback and ready for possible up move. (Timeframe H4)


- In this case we can go for AUDJPY short trade, this shows JPY was strong. AUDJPY at resistance level as shown below.


- Now we need to ensure buyer loss control and shift for seller domination.


- Timing of entry


- Entry time: 10:45am
- Max profits of 4.45R
- Trade may need to hold until next day.

Note: I missed this trade as I am not confident enough on the timing part. I am waiting for another push up that failed but price just went down straight away.








17 Sept 2022

15 Sept 2022: AUDJPY

 AUDJPY long trade on 15/9/22 based on momentum trade.

Pre-Analysis:-

- AUD was the strongest currency across the board. All AUD pairs broke NY session.


Entry:-



Post Analysis:-

- Trade ended with loss, but I able to scratch it before it hit stop.
- This trade did not back-up by anticipation trade nor any important news release.
- The only things was a correlation in term of AUD broke the New York session.


- Decision made to exit:-


- Price broke below my stop. Good that I scratch this trade.
- This trade also can be avoided. My entry still in a mess.



- Below was all of AUD pairs during entry, notice the other pairs did not have similar characteristic with AUDJPY. GBPAUD was off, it went up rather showing to go down.
- Try to get an entry with all or majority pairs have similar character.






 








6 Sept 2022

6 Sept 2022 (Trade Example): AUDJPY

 AUDJPY long trade on 6/9/22

- JPY was the weakest currency across the board.




- Trade able to give 2R profits.
- Entry during London session, approx. time of entry 3:12pm






16 Aug 2022

15 Aug 2022 (Trade Example): AUDJPY

 AUDJPY short trade on 15/8/22

- JPY shows some strength and all JPY pairs broke previous NY trading session.


- AUDJPY suits for short trade as shown on the chart below. Possible entry around 4:15pm during London session. Trade able to gain more than 2R profits depending on trade management and exit for TP.







19 Jul 2022

19 July 2022: CADJPY

 CADJPY long trade on 19/7/22

Pre-Analysis:-

- Correlation wise CAD stronger than JPY. Fundamental also support CAD as a strong currency.




Post Analysis:-

- Trade ended with loss


- Should not trade this, timing again was wrong. The price on 15 minute chart trap me into very poor position, it enticed me to rush and made an entry. Should be patience. 
- Price eventually went higher during New York session, but I will never get chance to enter as range pattern not develop.


- Alternative trade on AUDJPY long trade. Chart as below:-























18 Jul 2022

18 July 2022: AUDJPY

 AUDJPY long trade on 18/7/22

Pre-Analysis:-

- Correlation wise AUD stronger than JPY. On fundamental sentiment AUD was strong.




- Entry made during New York session.
- This entry I set to take profit at 2R.

Post Analysis:-

- Able to gain small profit.





- Price slowly went up, but this situation give me warning that this trade might not work very well.
- I decided to close the trade and took small profit out of it.
- It pays off, if I let the trade open surely need to take loss as price went down to my stop.
- Alternative trade was a CADJPY long trade, this trade able to give at least 2R profit. Below is the chart for that trade.