22 Oct 2024: AUDNZD

 AUDNZD long trade on 22/10/24

Pre-Analysis:-

- Trade based on H4 timeframe. Strength meter reading was AUD = +1, NZD = -6

Entry:-

- Entry time 11:25pm 

Post Analysis:-

- Scratch trade, this trade should not be taken.

- The immediate strength meter only shown AUD as the strongest currency, while NZD did not in the weakest currency.

- We need both currency group in the strongest and the weakest reading. (I didn't print screen strength reading).

2 Oct 2023 (Trade Example): AUDNZD

 AUDNZD short trade on 2/10/23

- Entry time 10:00am

- Note: unable to monitor this trade as occupied with family and house task. Missed opportunity.

- Strength reading AUD: -5, NZD: +4

28 Oct 2022 (Trade Example): AUDNZD

 AUDNZD short trade on 28/10/22

- Trend align to the downside for (D1, H4 & H1), this trade should be taken on hourly timeframe as confirmation appeared on hourly timeframe.

- Time of entry 8:00pm

- Max profits 2.21R

5 Aug 2022: AUDNZD

 AUDNZD short trade on 5/8/22

Pre-Analysis:-

- Correlation reading shows NZD was the strongest currency across the board. AUD weak if compared to NZD.

- Entry during London session, time of entry 4:41pm

Post Analysis:-

- Trade closed with small loss.

- Price dropped after I made entry until reach approx. 1R profit. Along the way I move stop a little bit to mitigate the risk.

- During New York opening price showed some aggressive reversal, then I decided to close the trade with a loss approx. $7

- Nothing I can do as price unable to reach intended 2R profit.

- But the way I manage this trade make this trade loss only minimum amount, this kind of management will save my account. Keep trying overall good and improve trading week.

 

15 July 2022 (Trade Example): AUDNZD

 AUDNZD short trade on 15/7/22

- Trade possibly taken during Asian session.

20 Sept 2021: AUDNZD

 AUDNZD short trade base on cheese trade.

Pre-Analysis:-

Session Breaks Strength:- AUDNZD (-6 / 0). NZD looks like a neutral currency.

Fundamental:- NZD has news event that show strength from last week.

Trading Plan:-

Trade Classification:- C trade

(NZD looks neutral and news event is from last week data, therefore this trade is C class.)

- Digestion:-

- As C trade I target only 1R profit.

- Risk 1% ($100)

Post Analysis:-

- I scratch this trade as it did not work. But the loss not touch my original stop. (less loss)

- Here where the situation of BRAIN BEEN HIJACKED. My thought only seen this pair only, while there was another pair that set-up better than this.

- Need to scan all pair, it is a must so that I can make comparison between all pairs and choose the best pair to trade.

- Below is NZDCAD for long trade that perform and give huge profit.

17 Sept 2021 (Trade Example): AUDNZD

 AUDNZD long trade base on cheese trade.

Pre Analysis:-

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

Fundamental:- News event show AUD weaker than NZD. This may give conflict as session breaks show AUD stronger than NZD.

Trading Plan:-

Trade Classification:- C trade

- As C trade class, take profit at 1R only.

Post Analysis:-

- This trade able to give max 1.09R profit.

- Type C trade should be taken with extra careful. Look at price after hit 1R, it drops significantly.

- Need very close monitoring for this kind of trade.

- If no other choice of trade available, then this trade could be alternative.

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.

21 Jul 2021: AUDNZD (short)

 Pre Analysis:-

Fundamental news:- bad news from retail sales mom (-1.8% / -0.5% / 0.4%), while NZD posed strong news from CPI report. This will be good for short trade direction.

Correlation:- strength meter AUDNZD (1 / 5), this acceptable for short trade as NZD stronger than AUD.

Market/chart structure:- price very near to the bottom after dropped as a trend. a little bit risk

Session:- price already broke the NY session during Asia session. 

Trade classification:- B trade. 

Post Analysis:-

- Trade closed with only 0.16R instead of max 2R trade as of closing day.

- After trade went to broke Asia session I went to move the stop to breakeven.

- Comment on money spot (MS) area, I think the actual MS was in pink color area not the blue area. Note that my emotion shaken when the price surge up aggressively and almost close the trade immediately.

- After price broke Asia session, I decided to close the trade as price surge up aggressively towards my entry point. That was my mistake.

- Emotion:- mix with the worried of losing this trade, and decide to close.

- Alternative plan:- wait for the price to reach 1R and move the stop for breakeven. While the price still not reach 1R reduce the risk/ move stop to half of the original risk. In this trade stop from 12 pips reduce to 6 pips. In this case your trade will still stay as the next price reverse not hit stop.

- Improvement needed. Although the pre analysis looks all correct but when come to implementation, my emotion was not in good order.

- Alternative trade:- there was other very good trade & setup appear eg. NZDJPY (long) & EURNZD (short).

16 Jul 2021: AUDNZD (short)

 This was possible trade that can be taken on 16 July 2021.

Pre Analysis:-

- Fundamental: NZD strong as CPI q/q result (1.3% / 0.7% / 0.8%). All NZD shows strong.

- Correlation: AUDNZD (1 / 4), correlation not decent.

- Market structure: a little bit room to go down as shown on daily chart. price also broke pervious day low.

- Pullback happen during London session, price digestion until near NY open.

Daily chart:-

H4 chart:-

 H1 chart:-

M15 chart:-

M5 chart (entry point):-

Post Analysis:- 

Closed Position Chart