Showing posts with label AUDUSD. Show all posts
Showing posts with label AUDUSD. Show all posts

30 Jan 2025

29 Jan 2025 (Trade Example): AUDUSD

 AUDUSD short trade on 29/1/25

- Trade based on scalping trading system.

- Correlation check show AUD was the weakest currency across the board.

- On all of pairs AUDUSD seen to be the most suitable for this trade, also supported by an important news release related to AUD CPI during Asian session.


- Time of entry around 5:00pm

- Strength meter

28 Jan 2025: AUDUSD

 AUDUSD short trade on 28/1/25

Pre-Analysis:

- Trade based on trend pullback system

- I have checked with correlation, USD show strength compare to other currency.

- Flow also pointing down.

- Pullback phase believed to complete and ready for a short trade.

- Risk $10, plan to ride this down until recent low.

Entry:

- Made 2 trade for this day.

- First entry time 4:28pm (London session), second entry time 8:06pm prior to New York session.

- Second trade immediate strength meter 



Post-Analysis:

- Scratch both trade. First trade on the same day, while second trade scratched on the next day.
- Timing was wrong.
- Correct timing should be on 29/1/25 during Asian session, prior to news release related to AUD CPI data.
- While second trade give a little bit profit, but I haven't convince on the outcome as my entry price wasn't perfect.


- Here where I should enter on 29/1/25.


- Second black arrow was perfect entry on 29/1/25, as this time buyer was believed to completely gone.
- The first black arrow was good price to time entry for an aggressive trade. This is base on price look unable to make another run up at an area of support. This was riskier but can pay off good profit.
- An aggressive trade on H4 chart



- This trade may give entry on 28/1/25 (same day as my trade), timing around Asia session.

18 Jan 2025

17 Jan 2025: AUDUSD

 AUDUSD short trade on 17/1/25

Pre-Analysis:

- Currency strength meter AUD = -1, USD = +5

- Risk $10, target profit 2R


Entry:

- Entry time 8:30pm


-  Immediate strength meter 



Post Analysis:

- Another scratched trade.
- Had to as immediate strength meter show USD suddenly dropped it strength. While AUD gaining strength rapidly.
- No guess, no hesitation just scratch as I don't want to lose more.
- Lucky got tiny profit, if not sure $10 will gone.


- Immediate strength meter when I scratch this trade



- This trading week I gain total of $15.92 profit. My account balance is $4894.
- Need another $102 to get back at original $5000.

25 Dec 2024

24 Dec 2024: AUDUSD

 AUDUSD short trade on 24/12/24

Pre-Analysis:-

- Strength meter AUD = -4, USD = +7


- Plan to take this trade for a 2R profit.

Entry:-

- Entry time 8:45pm


- Immediate strength meter 

Post Analysis:-

- Scratch this trade.

- Should not take this trade. There was no evidence price will break Asian range or yesterday low price.

- I repeated this mistake again.


15 Nov 2024

13 Nov 2024 (Trade Example): AUDUSD

 AUDUSD short trade on 13/11/24

- Trade based on H1 timeframe. All USD pairs show strength.

- AUDUSD showed a little pullback, then we can see buyer unable to push price any higher. This pave opportunity to short.

- Strength meter recorded



- Entry time around 10:30pm (New York session)





19 Aug 2024

16 Aug 2024 (Trade Example): AUDUSD

 AUDUSD long trade on 16/8/24


- Entry @ 2:15pm using M15 time frame


- Update: (20/8/24)













15 May 2024

14 May 2024 (Trade Example): AUDUSD

 AUDUSD long trade on 14/5/24

- Correlation chart, at least 4 pairs got correlated base on H4 timeframe and it also shows USD was weak. This made AUDUSD trade a grade B.


- Trade based on H4 timeframe


- Use H1 timeframe to time the entry, also strength meter shows USD currency was in very weak condition.
- Enter trade after 8:30pm (after high impact news related to USD)



- Update: 16/5/24 price finally able to make new high. Such a good trade if able to grab this.









14 Sept 2023

13 Sept. 2023 (trade Example): AUDUSD

 AUDUSD long trade on 13/09/23


- Entry time 8:45pm
- Entry timeframe 15min
- Max. possible profits of 1.86R
- Note: missed this trade as I attended ASFX live podcast, I also grab giveaway price of My Funded FX $25000 challenge account. Thanks Austin Silver.





14 Feb 2023

14 Feb 2023: AUDUSD

 AUDUSD long trade on 14/2/23

Pre-Analysis


Entry


- Entry time 3:03pm
- Risk 0.25%
- Exit plan, TP @ 0.70500 for approx. 3R profits

Post Analysis

- Scratch the trade
- Signal for entry appeared on Asia trading session. The time when I entered this trade was wrong.
- Avoid trade that already started during Asia session as I did not trade during this session.


- Price after trade was closed










7 Feb 2023

7 Feb 2023: AUDUSD

 AUDUSD long trade on 7/2/23

Pre-Analysis


- Correlation view for both USD and AUD. It seems that AUD in strong mode while USD in weaker mode.



Entry


- Entry time 4:37pm
- Risk 0.25%
- Exit plan TP around 0.70500 (for approx. 4R profits).
- Technical note: divergence also appeared in 5 min chart (as shown in chart above).

Post Analysis

- Scratch the trade with minimal loss.
- During New York opening session I saw price reverse aggressively and decided to close.
- If I hold, price will hit my stop with full loss.
- Price did respond to upside during New York session (afternoon), but I am unable to monitor as my time here already past midnight. 
- I believe the direction was right but timing not in my favor.


- Price after I scratch the trade.












24 Jan 2023

23 Jan 2023 (Trade Example): AUDUSD

 AUDUSD long trade on 23/01/23

- Trade based on correlation. AUD shown strength as majority of AUD pairs broke Asian session range.


- Entry:-


- Time of entry approx. 11:15pm (New York session)




6 Dec 2022

5 Dec 2022: AUDUSD

 AUDUSD long trade on 5/12/22

Pre-Analysis:-

- AUDUSD trending up based on higher time frame (D1 & H4)


- VSA chart on M15 timeframe:-


Entry:-


- Entry time 5:45pm
- Risk 0.25%
- Trade classification: C trade (SOS with confirmation but there was no change in behaviour yet)

Post Analysis:-

- Trade closed with loss (full risk)
- Here again I took a trade that suppose not to be a trade.
- There was not change in behaviour. Only take a trade when no change in behaviour, if SOS/SOW show ultra high volume accompanied by very wide spread bar.
- Avoid unnecessary trade to avoid loss.







 








30 Nov 2022

29 Nov 2022 (Trade Example): AUDUSD

 AUDUSD long trade on 29/11/22

- AUDUSD at support level for H1 (but this not an important level as D1 did not see this level). This can be C classification trade.

- VSA chart:-


- Entry:-


- Time of entry 9:45am (M15)
- Max profits 3.45R
- Risk 0.25% (C trade)
- Trade classification: C trade (SOS without confirmation, price not at important level)