13 Mar 2025: GBPCHF

 GBPCHF long trade on 13/3/25

Pre-Analysis:

- Trade based on trend pullback on H4 timeframe.

- Strength meter GBP = +5, CHF = +2

- Risk $10, exit plan is to take profit at the previous high, as strength meter show both currency in + value reading.

Entry:

- Entry time 6:57pm

- Immediate strength meter 

Post Analysis:

- Scratch this trade.

- Should sit tight not trading. This was not a setup 

- Pressure as I missed few trade last week and there was no trade for the last 2 week.

- Account still under $5000, this add more pressure on me.

- No setup means to SIT TIGHT.

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.

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

13 Oct 2023 (Trade Example): GBPCHF

 GBPCHF short trade on 13/10/23

- GBPCHF on downtrend in daily timeframe.

- Daily correlation GBP = -7  , CHF = +1

- Entry time 6:00pm

3 Aug 2023 (Trade Example): GBPCHF

 GBPCHF short trade on 3/08/23

- Entry time 4:00pm

- Entry timeframe H1

18 July 2023 (Trade Example): GBPCHF

 GBPCHF short trade on 18/07/23

- Entry: -

- Entry time 10:45pm

- Max profit 3.9R

1 June 2023 (Trade Example): GBPCHF

 GBPCHF long trade on 1/6/23

- Entry time 7:00pm

15 Mar 2023 (Trade Example): GBPCHF

 GBPCHF long trade on 15/3/23, trade based on volume spread analysis methodology.

- Entry time 3:00pm

- Max profit 4.96R (hold trade until 17/3/23 trading session)

21 Feb 2023: GBPCHF

 GBPCHF long trade on 21/2/23

Pre-Analysis

Entry

- VSA chart system

- Time of entry 4:08pm

- Risk 0.25%

- Exit plan, TP @ previous day high for 1.88R profits.

Post Analysis

- Closed trade with profits 3.79R

- The best trade so far this year. Need more trade like this.

- Follow all trading plan/checklist.

- Need improvement on taking profits.

- I felt my focus was better compared to previous trade.

- Trade impacted by important news event for GBP related to data PMI: flash manufacturing and flash services. Released at 5:30pm

 

- Price after trade was closed

- Got issue with closing trade, feel that trade closed affected by fear, a fear that I might lose these profits.

- Can we use correlation and strength of currency to close trade? If can how can it be done?

- Max possible profits at the end of today's trading day 7.32R

- I missed big profits!

25 Jan 2023: GBPCHF

 GBPCHF short trade on 25/1/23

Pre-Analysis

Entry

- Time of entry 5:50pm

- Risk 0.25%

- Exit at previous support area (previous low)

Post Analysis

- Exit with loss

- Full risk loss

- Stop triggered as I believe as part of liquidity issue during Asia opening hours. My stop filled even though price was still below that level.

- Update: price on 27/1/23. It clearly shows this trade not working.

6 Jan 2023 (Trade Example): GBPCHF

 GBPCHF long trade 6/1/23

- GBPCHF on 15 min chart has SOS.

- Entry

- Time of entry 10:15pm

- Max profits 2.27R

11 Nov 2022 (Trade Example): GBPCHF

 GBPCHF short trade on 11/11/22

- Price approach resistance area in a downtrend. Then major sign of weakness (SOW) appeared, this give probability of a short trade going to work. This trade can be classified as A trade quality based on these two confluence.

- VSA chart

- Entry time 6:45pm

- Max profits 5.95R

- entry based on M15 timeframe

13 Sept 2022 (Trade Example): GBPCHF

 GBPCHF short trade on 13/9/22

- CHF was stronger than GBP on currency strength. GBPCHF broke previous day low on 9/9/22. Pullback was occurred started on 12/9/22. On 13/9/22 with proper reading of price and timing this can be a good trade.

Entry:-

- Time of entry approx. 8:30pm

- Max profits 2.4R

- Price able to made a new low. This will open for another pullback trade in the coming days.

- Note: there was an important news release for US CPI around 8:30pm as well.

9 June 2022 (Trade Example): GBPCHF

 GBPCHF long trade on 9/6/22

- Strength number GBP +3, CHF -5

Update:-

- This trade did not work.

17 May 2022 (Trade Example): GBPCHF

GBPCHF long trade on 17/05/22

- Hourly chart

- Entry time 12:00 midnight 

- Risk (23 pips stop) 0.4% of the account balance

- Support by 2 others timeframe:-

 

Update:-

- Trade able to close with good profit

- Possible to give max 6.2R profit (143 pips TP & 23 pips SL)

27 Oct 2021 (Trade Example): GBPCHF

 GBPCHF short trade

Pre-Analysis:-

- GBPCHF probably trending down and may form the first higher low area.

- There was a sign of weakness on top of that.

- The SOW most probably a no result from effort. As price push high with very high volume but the next 2 bar close low.

Entry:-

- As weakness confirm, then on lower timeframe M15, price broke lower and took out the low of effort bar as shown with arrow on the chart.

- Now for entry wait for no demand or upthrust bar.

- In this case no demand bar appear, sell order could be place below that no demand bar.

- Entry: 1.26560

- Stop: 1.26710

- TP: 1.2600

- Target profit of 3.7R

Post Analysis:-

- Target hit

- Trade drop smoothly as expected.

25 Oct 2021 (Trade Example): GBPCHF

 GBPCHF long trade

Pre Analysis:-

- Pound futures contract show widespread down bar on climactic volume.

- Try to find any GBP pair with sign of strength.

- GBPCHF has widespread down bar with climactic volume

- As shown above the climactic action happen at old support area to the left of chart.

- This maybe suitable for a long trade.

Entry:-

- After climactic action price found support and went up

- Finally price broke the high of climactic bar.

- We can now wait for no supply test for entry.

- Entry on successful test bar at time around 12:45am (26 Oct 2021)

- Entry: 1.26578, Stop: 1.26280

- Take profit around the old top around 1.27610

Post Analysis:-

Update:-

- Alternative entry after test bar no (1), price took out the high of that bar.

- The reason to entry at that bar is, they test supply from the left. If supply dries up we can expect high price coming.

- Potential profit of 3.86R