Showing posts with label GBPCAD. Show all posts
Showing posts with label GBPCAD. Show all posts

4 Mar 2025

3 Mar 2025 (Trade Example): GBPCAD

 GBPCAD long trade on 3/3/25

- Trade based on H4 timeframe trend pullback.

- Strength meter, GBP = +5, CAD = -3

- Entry time around 5:30pm (London session)


- Immediate strength meter 



- Probably can hold this trade based on daily time frame as strength meter show this GBP = +4, CAD = -4

- Update (10/3/25)

11 Jan 2025

8 Jan 2025 (Trade Example): GBPCAD

 GBPCAD short trade on 8/1/25

- Strength meter GBP = 0, CAD = +5


- Entry time around 4:00pm

- Immediate strength meter 



- note: I choosed NZDUSD short trade for this day. This GBPCAD trade happened to be a better and smooth trade.

22 Oct 2024

21 Oct 2024: GBPCAD

 GBPCAD long trade on 21/10/24

Pre-Analysis:-

- Based on H4 timeframe, strength meter was GBP = +5, CAD = +1.

Entry:-

- Entry time 11:04am (Asia session).

Post Analysis:-

- Very impulsive trade, price not even break the range.

- This was purely a hope that price will break that range, which not happening.

- Should not trade this, huge mistake.

- Why not trade USDJPY for a long trade?. Trade was there during New York session.



- Update (26/10/24)



1 Oct 2023

29 Sept 2023 (Trade Example) GBPCAD

 GBPCAD long trade on 29/09/23


- Entry time @ 7:00pm might be a stop out trade
- 2nd entry time was possible @ 9:00pm
- Note: may a difficult trade to enter.




15 Sept 2023

14 Sept. 2023 (Trade Example): GBPCAD

 GBPCAD short trade on 14/09/23


- Correlation for GBP & CAD



- Entry time 3:00pm
- Entry timeframe 15min
- Max. possible profits 5.32R
- Note: missed this trade as not prepared at all on this day, a day that missed will never come back you lost it, need more focus on your trading preparation and planning.





13 Sept 2023

12 Sept. 2023 (Trade Example): GBPCAD

 GBPCAD short trade on 12/09/23


- Entry time 3:00pm
- Entry timeframe 15 min.
- Max. possible profits 2.91R
- Note: missed this trade as I am not prepared for this opportunity during news release. I decided to look for a trade after news released. Lack of experience also made me unaware of this opportunity.







22 Jul 2023

20 July 2023 (Trade Example): GBPCAD

 GBPCAD short trade on 20/7/23


Entry: -


- Entry time 11:00am
- Entry timeframe M15
- Possible profit max. 16.44R





3 May 2023

2 May 2023: GBPCAD

 GBPCAD short trade on 2/5/23

Pre-Analysis



Entry

- Entry time 4:00pm
- Risk 0.25%
- Exit plan: trailing stop loss.



Post Analysis

- Loss trade
- No idea how to analyse this. Keep missing the workable trade and took the losing trade. No idea when I will making consistant profits.
- Almost lost hope now. Am I a trader?


- Price after my trade stop out.
















23 Feb 2023

22 Feb 2023 (Trade Example): GBPCAD

 GBPCAD short trade on 22/2/23


- Entry: -

  
- VSA chart system: -


- Entry time 11:40pm
- Max profits at the end of trading day 1.65R, profits may reach beyond that if hold trade until next trading day.
- Reason for missing this trade was, lack of preparation and focus on analysis and pair selection.
- Note: this trade example base only on technical aspect, no data on currency strength and correlation.










6 Jan 2023

5 Jan 2023: GBPCAD

 GBPCAD long trade on 5/1/23

Pre-Analysis: -

- GBPCAD has SOS with ultra-high volume on 3/1/23. This appeared in 15 min chart.



Entry: -


- Entry time 8:15pm
- Risk 0.25%
- TP plan, run the profits.
- Based on no supply indicator.

Post Analysis: -

- Trade ended with loss (full risk)
- Indicator no supply came with volume which was not a low volume compared to previous 2 bars.
- For next trade please only consider only no supply or test indicators with volume lower than previous 2 bars.















4 Jan 2023

3 Jan 2023 (Trade Example): GBPCAD

 GBPCAD long trade on 3/01/2023

- SOS on 15 min chart.


- Entry


Note: reason why I missed this trade was not enough focus when scanning the market and look for ultra-high volume action. This kind of setup is testing immediately after the buying, so price still did not pierce the high of ultra-high volume bar.

- Entry time 7:15pm
- Max profits 3.38R






23 Sept 2022

22 Sept 2022 (Trade Example): GBPCAD

 GBPCAD long trade om 22/9/22

- GBP was strong and majority of it pairs broke Asia session. Except for GBPJPY which show weakness, in this type of trade we can apply discretion when made decision.


- Entry:-



- Time of entry 6:06pm
- Max profits 2.41R
- Note: trade need to manage as at 7:00pm there was an important news release of interest rate for GBP. Trade should closed before news release.



 

9 Aug 2022

8 Aug 2022: GBPCAD

 GBPCAD short trade on 8/8/22

Pre-Analysis:-

- Both currency on the weakest side across the board. But I still want to trade this as I saw price structure seem to be on the downside. There was breach of price to downside in fact some strong breach. Although correlation did not support this trade but I took the risk and only plan to take profit at 1R only.




- Trade during New York session approx. time of entry 10:00pm

Post Analysis:-

- I closed this trade with profit, reach 1R as intended.
- But I made one very silly mistake, I wrongly calculate trade size it suppose to be around 0.22 standard lot but I entered trade with 0.09 standard lot only.
- I loss opportunity to hit around maybe $29 profit as this mistake.
- Need to focus more and check everything before made an entry.
- In term of trade as I couldn't find any pairs suitable to trade then I try this pair. I am correct on the analysis but in term of execution I made a mistake.


- Chart when trade was closed:-















29 Apr 2022

28 Apr 2022 (Trade Example): GBPCAD

 GBPCAD short trade on 28/4/22

1 hour chart:-


4 hour chart:-


15 minutes chart:-