Showing posts with label B Trade. Show all posts
Showing posts with label B Trade. Show all posts

7 Aug 2024

6 Aug 2024 (Trade Example): GBPNZD

 GBPNZD short trade on 6/8/24

- Trade based on H4 time frame. This trade can be graded as grade B.


- Entry @ 6:15pm using M15 time frame.









5 Aug 2024

30 Jul 2024 (Trade Example): GBPCHF

 GBPCHF short trade on 30/7/24

- Short trade based on H4 time frame. Trade classification was grade B.


- Entry @ 6:00pm using M15 time frame.







30 Jul 2024

29 Jul 2024 (Trade Example): EURUSD

 EURUSD short trade on 29/7/24

- Trade classified as grade B. Based on H4 time frame. Strength meter reading at entry time was (EUR = 8, USD = 12).


- Entry @ 4:00pm using M15 time frame.









25 Jun 2024

17 June 2024 (Trade Example): XTIUSD (WTI Crude Oil)

 XTIUSD long trade on 17/6/24

- XTIUSD long trade based on H4 time frame. This trade grade was B trade.


- Entry time @ 6:45pm using M15 time frame.



22 Jun 2024

20 June 2024 (Trade Example): GBPUSD

 GBPUSD short trade on 20/6/24

- GBPUSD short trade with B grade. Based on H4 time frame.


- Entry time @ 3:45pm using M15 time frame.





28 May 2024

27 May 2024 (Trade Example): GBPCHF

 GBPCHF long trade on 27/5/24

- GBP group of currency shown strength with at least 5 of its pairs. This trade can be B grade. Correlation chart:-


- Trade based on H1 time frame:-


- Timing of entry around 2:30pm





27 May 2024

22 May 2024 (Trade Example): EURCHF

 EURCHF long trade on 22/5/24

- EURCHF long trade as grade B, the CHF group shown weakness with at least 5 pairs. CHF correlation here:-


- Trade based on H1 time frame


- entry around before 2:00pm as there was a important news release related to GBP: CPI y/y





22 May 2024

20 May 2024 (trade Example): GBPJPY

 GBPJPY long trade on 20/5/24

- Based on H1 time frame, GBP group shown strength with at least 5 pairs indicate strong side to the GBP currency. This trade can be graded as B trade. Correlation:-


- Trade based on H1 time frame


- Entry time was around 8:15pm





20 May 2024

17 May 2024 (Trade Example): EURGBP

 EURGBP short trade on 17/5/24

- GBP group shows strength with at least 5 pairs. This gave trade grade as B. 


- Trade based on H1 time frame


- Time of entry was around 4:00pm





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.









11 Dec 2022

9 Dec 2022 (Trade Example): AUDCHF

 AUDCHF short trade on 9/2/22

- AUDCHF was on downtrend. SOW appeared on lower timeframe M15.


- Trade:-


Trade #1
- Time of entry 10:00am
- Risk 0.25%
- Trade class: C (SOW with confirmation, but trend alignment still in uptrend)
- Max profits 4.49R (M15)

Trade #2
- Time of entry 1:30pm
- Risk 0.5%
- Trade class: B (SOW with confirmation, price broke trigger bar, trend alignment to the downside)
- Max profits 2.86R (M15)








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.





 

6 Dec 2022

5 Dec 2022: EURCAD

 EURCAD long trade on 5/12/22

Pre-Analysis:-

- EURCAD on uptrend referring to higher time frame (D1 & H4).


- VSA chart show sign of strength (SOS) in M15 timeframe.


Entry:-


- Entry time 8:45pm
- Risk 0.25%
- Trade class: B trade (SOS with confirmation and got change in behaviour)
- Note on risk, for B trade I suppose to take a trade with 0.5% but this time I reduced it as previous trade (AUDUSD long) suffered with full loss of risk.

Post Analysis:-

- I closed trade with profits. (2.73R)
- Time of exit 5:30am (6/12/22)
- Look at what happen to my emotion and fear, as previous trade I lost then for this trade I decided to change risk taking to only 0.25% instead of 0.5%.
- This emotion resulting from the unnecessary lost made me missed larger profits. If I took this trade as per usual 0.5% (B trade), then my profits will be 1.365% of my account balance.
- With reduced risk I manage to get only 0.6825% increase out of account balance.
- What a missed still. High performance trader might consider this as a loss as well.



- Update:- as at around 5:00pm (7/12/22) this is how EURCAD perform



















4 Dec 2022

1 Dec 2022 (Trade Example): EURUSD

 EURUSD long trade on 1/12/22

- EURUSD trending up for H1, H4 and D1 timeframe. Now SOS appeared in M15 timeframe.


- Entry:-


- Entry time 9:15pm
- Max profits 2.37R
- Trade classification, B class: SOS without confirmation but has change in behaviour in M15 chart.
- Risk 0.5%.






1 Dec 2022

30 Nov 2022: USDCAD

 USDCAD long trade on 30/11/22

Pre-Analysis:-


- Support on (H1) chart but it was not visible on higher timeframe (D1), this may take as B trade classification.
- VSA chart:-


Entry:-


- Entry time 1:15am (1/12/22)
- Risk 0.5% (B class trade)

Post Analysis:-

- Trade closed with stop out (full risk loss)
- I did not take into consideration there was speech by Fed Chairman, Jerome Powell which effect the price.
- During Powell speech price reverse and hit my stop.
- Need to consider important speech in the future, better not to trade during that event.
- All the process look good but one missing element that I overlook cause me a loss trade.
- Better next time for sure.


















30 Nov 2022

29 Nov 2022 (Trade Example): CADJPY

 CADJPY short trade on 29/11/22

- This short trade was much better than trade that I took with USDJPY short.


- Trade at resistance level (H1) but on higher timeframe (D1) it was not an important level, so it need to take with caution.

- VSA chart:-


- Entry:-


- Time of entry 4:45pm
- Max profits 5.69R (M15)
- Risk 0.5% of account balance (B trade)
- Classification: B trade (not at important level of resistance, SOW with confirmation)








29 Nov 2022: USDJPY

 USDJPY short trade on 29/11/22

Pre-Analysis:-


- In downtrend, but not at important resistant level.
- VSA chart:-


- Trade classification, B trade (SOW with confirmation but not at important level, price also show change in behaviour).

Entry:-


- Entry time 3:15pm
- Risk at 0.5% of account balance (B trade)

Post Analysis:-

- Scratch this trade for small profits.
- Stop level should be lower so that risk-reward will bigger.
- Emotion at time of entry was stable and calm, this is good (show some improvement).
- Area of improvement in term of pair selection, I will post separately how CADJPY pair for a short trade performed way better than USDJPY.
- How this trade ended:- (max profits only 0.65R)