Showing posts with label EURUSD. Show all posts
Showing posts with label EURUSD. Show all posts

5 Jun 2025

4 June 2025: EURUSD

 EURUSD long trade on 4/6/25

Pre-Analysis:

- I trade this based on daily price, which is trending up.

- Daily strength meter EUR = +1, USD = -6

- 4 hour strength meter EUR = +2, USD = -7

- Risk $10 with exit plan was to take partial profit at previous downward price in H4 timeframe. The remaining position will target at previous high of daily timeframe or maybe a break out to the new high.

- If price remaining at around my entry, I will reconsider to scrap this trade.


Entry:

- Entry time 3:26pm

- Immediate strength meter 



Post Analysis:

- Scratch this trade with small lost.
- Entry should wait around 4:30pm as only this time price really show it broke the Asian session range. 
- But if I got in later will I hold to my position as after that price went back towards my stop?
- Price really went up during New York session, but I was hesitant to re-enter as immediate strength meter didn't show EUR as the strongest currency.


- What a waste as price did went up and I may take half profit and let the remaining position as planned.

12 Apr 2025

10 Apr 2025: EURUSD

 EURUSD long trade on 10/4/25

Pre-Analysis:

- Both daily and H4 timeframe was on uptrend. The idea was to wait for pullback and time a buy entry should it continue in uptrend.

- Strength meter in daily: EUR = +5, USD = -2. For H4: EUR = +4, USD = -2.

- Risk $10

- Take profit plan, consider to take at previous high.

- News release consideration was on US CPI data (release on 10/4 8:30pm)


Entry:

- Entry time 3:33pm (London session)


- Immediate strength meter 


Post Analysis:

- Consider as good entry and execution, time it perfectly.
- Only able to extract 1.7R profit only.
- Possible max profit at the end of week is 10R, as price reach as high as 1.14742
- While entry was good but I leave huge money on the table.
- I exited my position due to fear that I will loose those 1.7R profit should price reverse back.
- Should I consider to wait for break of new high before considering taking profit?. 
- Fear because of my previous trade turn against me after hitting some 2R profit while I am considering to target breakout to a new
 high level.
- Taking profits also need to be master.


- Update (22/4/25)

19 Mar 2025

17 Mar 2025: EURUSD

 EURUSD long trade on 17/3/25

Pre-Analysis:

- Trade based on H4 timeframe, using trend pullback setup.

- Currency strength EUR = +7, USD = -5

- Risk $10

- Exit plan, I target to take profit when price make new high on H4 timeframe.


Entry:

- Time of entry 5:39pm


- Immediate strength meter 


Post Analysis:

- Closed with miniscule profit.
- Price move until 2R profit value, but I stay with my plan to wait for new high to book a profit.
- I also move my stop at break even on 17/3/25 trading day.
- Entry price can be improve by taking an entry inside small range that occur before price launch.
- On next day, during London session price aggressively went back to my entry level, this made me decided to close as a measure to capital protection.
- This trade management maybe different if I take partial profit at previous high and let the trade run if price able to break previous high.
- Maybe on future trade I should take partial profit.

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.









12 Jun 2024

11 June 2024: (Trade Example): EURUSD

 EURUSD short trade on 11/6/24

-  Correlation chart shows strength in the favour of USD currency. All 7 pairs in USD  shown strength. This gave trade as A grade.


- Based on H4 timeframe, EURUSD was in downtrend


- Timing of the entry using H1 timeframe. 
- Entry time around 4:00pm




                        


17 Jan 2024

16 Jan 2024 (Trade Example): EURUSD

 EURUSD short trade on 16/1/24


- Trade set up appeared in H1 time frame.
- Using M30 timeframe for timing the entry.
- Entry time 4:00pm


Note: missed this trade, I did not expect this and I decided not to montor this pair until New York session started, then I realised that I missed this trade.


5 Dec 2023

4 Dec 2023 (Trade Example): EURUSD

 EURUSD short trade on 4/12/23



- Entry time 9:45pm
- Entry based on H1 time frame and using M15 for refining


15 Nov 2023

14 Nov 2023 (Trade Example): EURUSD

 EURUSD long trade on 14/11/23

- EUR futures chart show buying on the background


- EURUSD show similarity with EUR futures chart and also got evidence of buying on the background.
- Entry time 3:00pm
- Trade influenced also by important news released on US CPI data.





25 Jul 2023

24 July 2023: EURUSD

 EURUSD short trade on 25/07/23

- High volume up bar closing off the high confirm the weakness. This made short trade was a possible option.


- Entry time 10:03pm
- Profit 0.91R
- Trade for Surge Trader trading competition.






26 May 2023

26 May 2023: EURUSD

 EURUSD short trade on 26/5/23


- Entry time 2:00pm
- Risk 0.25%
- Exit plan, TP at 1.068 approx. 5.26R


- Lost trade








17 May 2023

16 May 2023: EURUSD

 EURUSD short trade on 16/5/23

Pre-Analysis


Entry

- Time of entry 8:00pm
- Risk 0.25%


Post Analysis

- Closed this trade with profit.
- However I exited just to recover the lost trade on previous trading day.
- Stop need to be tighten up, use confirmation indicator to place stop in this case use no demand bar and stop can be placed a bit high.


Update: -
- Missed a very good trade. Trade able to give max. 6R profit until 19/5/23. What a miss.




















13 May 2023

12 May 2023 (Trade Example): EURUSD

 EURUSD short trade on 12/5/23


- Entry time 3:00pm
- Possible max profit 3.9R








29 Mar 2023

29 Mar 2023: EURUSD

 EURUSD long trade on 29/3/23

Pre-Analysis

- Trend alignment to the upside for daily. 4 hour & 1 hour timeframe. In 15-minute timeframe there was SOS appeared with ultra-high volume.



Entry

- Time of entry 5:15pm
- Risk 0.25%
- Exit plan, trailing profit.


Post Analysis

- Lost trade with full risk.
- If I trade as scalping it may give me some profit. Price went beyond 1R profit then reverse until it stops me out.
- I have no plan for multiple scenarios. 
- My mistake was not moving stop to breakeven, and I let price hit my stop. Should get out early to protect trade.
- Trend in hourly chart was not clear uptrend, short term trend show congestion, while medium trend show downtrend. No trend alignment occurs. 
- Should rewrite trading plan/checklist to include what is trend alignment.



- The next day price when up with very clear direction to the up move. It looks like I got direction right but again my timing was off until the next trading day.





25 Mar 2023

24 Mar 2023 (Trade Example): EURUSD

 EURUSD short trade on 24/3/23




- Entry time 4:00pm
- Max profit 3.95R





22 Mar 2023

20 Mar 2023 (Trade Example): EURUSD

 EURUSD long trade on 20/3/23


- Entry time 5:45pm


- On 21/3/23 there was another entry opportunity with absorption volume setup.


- Update: -


- Max profit 10R (for first trade), second trade with absorption volume set-up also performed well.








1 Jan 2023

28 Dec 2022 (Trade Example): EURUSD

 EURUSD long trade on 28/12/22

- SOS appeared on 15 min. chart


- Entry


- Entry time 5:30pm
- Profits 2.15R (day trade plan), exit at the nearest high.