20 Dec 2024: CADCHF

 CADCHF short trade on 20/12/24

Pre-Analysis:-

- Strength meter CAD = -2, CHF = +3

- Plan to exit at 2R profit.

Entry:-

- Entry time 6:04pm (London session)

- Immediate strength meter 

Post-Analysis:-

- Scratch trade.

- During New York session price still hovering around my entry price and I started feeling that this price might not drop as I expected.

- At the end of this trading week, price for CADCHF was not dropping as I wanted and my decision to scratch was a right decision.

11 Nov 2024: CADCHF

 CADCHF long trade on 11/11/24

Pre Analysis:

- Trade based on H4 timeframe. But I need to be very careful as price at the top of range referring to daily chart

- H4 chart

- Strength meter

- Exit plan: try to ride this trade until price ranging in H4 timeframe.

Entry:

- Entry time 4:02pm

- Immediate strength meter

Post Analysis:

- Scratch this trade, reason: feel very valnarable as I mess up with entry. As price turn back I feel worried that this trade may not work.

- Should entry around price 0.63049 this gave me confident to hold on.

- Little bit late in entry as I am occupied with my son's therapy activities. Very difficult to handle 2 works at the same time.

- Trade may work but price keep turn back towards entry point. This may influence my decision.

7 Feb 2024 (Trade Example): CADCHF

 CADCHF long trade on 7/2/24

- VSA chart: -

- Entry time 3:00pm

- Entry time frame H1

- Possible profit of 10R

11 Sept. 2023 (Trade Example): CADCHF

CADCHF long trade on 11/09/23

- Entry time 3:15pm (15 min timeframe)

- Possible max. profit of 6.05R

31 July 2023: CADCHF

 CADCHF long trade on 31/07/23

- Entry time 2:23pm

- Risk 0.25%

- Entry timeframe H1

Post Analysis

- Lost at full risk

- I must admit this kind of trade was a difficult one. Reason, there was also sign of weakness appeared in the near back ground.

- This made my mind in the state of 50-50 whether to take as strength or weakness.

- At first I wanted to leave this trade but after saw some movement toward up then change my decision to trade long.

- Price took my trade out before move up during New York session.

- Should I re-entry during New York session? No I unable to take this trade as I was still in confused mind.

- One thing to take note if in doubt leave it alone.  

23 May 2023: CADCHF

 CADCHF long trade on 23/5/23

- Entry time 2:00pm

- Risk: trade with minimum lot size (0.01) as I am waiting of the possibility USDCHF short trade. This made me plan to split the risk rather than taking 1 trade with normal 0.25% risk.

- Exit plan: TP at 0.671 for approx. 5R

Post Analysis

- Stop out.

- Should not be a trade. Price drift lower from initial sign of strength (SOS). On higher time frame price show downtrend, taking long would be a risky trade.

- Price after trade stopped out.

27 Apr 2023 (Trade Example): CADCHF

 CADCHF long trade on 27/4/23

- Time of entry 7:15pm

- Note: there was another pair, USDCHF with long trade setup but it was safe to choose CADCHF in my opinion as USD waiting for important news release at 8:30pm.

4 Apr 2023: CADCHF

 CADCHF short trade on 4/4/23

Pre-Analysis

Entry

- Entry time 5:00pm

- Risk 0.25%

- Exit plan, TP around 3R profit.

Post Analysis

- Trade lost, with full risk.

- There is some additional rule I want to add, I will refer to volume from 2 platform the MT4 and TradingView. If both platforms give climactic volume, then those pair will include in watchlist.

- In this case volume on TradingView was not a climactic volume, it should not include in watchlist.

- But the price went down smoothly after hitting my stop.

24 Feb 2023 (trade Example): CADCHF

 CADCHF long trade on 24/2/23

- VSA chart system

- Entry

- Time of entry 11:55pm

- Max profits 3.86R

25 Jan 2023 (Trade Example): CADCHF

 CADCHF short trade on 25/1/23

- with influence of CAD overnight rate news release this pair was a suitable pair to trade combined with divergence set up. time of entry around 10:00pm

27 Sept 2022: CADCHF

 CADCHF short trade on 27/9/22

Pre-Analysis:-

- Based on price broke previous day low, I decided to take this trade.

- Strength meter:-

Entry:-

- Correlation when entry was made:-

- Entry time 5:00pm

- Risk 0.5% of account balance

- Target recent low.

Post Analysis:-

- I have to scratch this trade.

- It seem not working. Why? at this point I don't have the answer.

- Feel so bad, my trading results suffer a lot.

- I look at another approach for this pair, it still a short trade but this time entry should be made earlier at target at 1R flat.

- Here is why, this is based on support and resistant area and reading how it works.

- When correlation or strength meter was very tight then we will take 1R profit only just for the sake of trading, we should not expect price to go down hard as there was also no news event around that time.

- Entry time 3:00pm (London session).

Update:-

- Here is the alternative way to look and analyse this pair for a short trade

- This can give us trade on 23, 27 and 28 Sept. 2022

- Trade on 28/9/22

23 Aug 2022: CADCHF

 CADCHF long trade on 23/8/22

Pre-Analysis:-

- CHF currency was the weakest according to strength meter. All the CHF currency pairs broke Asian session.

- Trade taken during New York session approx. entry time was 9:49pm

- TP set at 2R profits

Post Analysis:-

- Trade closed with loss.

- However I manage to reduce the loss.

- After saw price came back to my entry level and push lower, immediately I closed the trade to avoid bigger loss. This time I did not second guest it.

- Another area that need to be look is, should I move stop to breakeven? this will avoid loss totally. Price shown some profits at the beginning but unable to reach intended target .

- Here is GBPCHF long trade as an alternatif and this trade able to reach 2R profits target.

10 Aug 2022 (Trade Example): CADCHF

 CADCHF short trade on 10/8/22 based on cheese trade.

- At this time CHF currency shows strength by breaking price on Asian session. All pairs show same characteristic.