Showing posts with label GBPJPY. Show all posts
Showing posts with label GBPJPY. Show all posts

8 Feb 2025

5 Feb 2025 (Trade Example): GBPJPY

 GBPJPY short trade on 5/2/25

Pre-Analysis:

- Trade based on H4 timeframe using trend pullback system.

- Chart showing price reacting to resistance area, evidence of buyers getting weaker and sellers taking over this trade.


Entry:

- Entry time around 11:00pm


- There was opportunity to add on position the following day 6/2/25. 
- The first trade during Asia session around 9:30am. Based on JPY currency, all it's pair show strength.
- Second trade to add position was during London session around 5:45pm. This trade also influenced by important news release related to GBP currency (interest rate) later on. 
- At the same time, GBP currency also show weakness across the board.


17 Jan 2025

16 Jan 2025: GBPJPY

 GBPJPY short trade on 16/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +5

- Following yesterday trade on this pair, I saw an opportunity again to short. After analyzing all the data and information I decided to trade this during Asian session.

- Risk $10, exit plan at 2R profit level, scratch this trade if data from immediate strength meter doesn't support this trade anymore.


Entry:

- Entry time 9:12am (trade was the second in this chart)


- Immediate strength meter 



Post Analysis:

- Preparation was good. This time I'm totally focus. Check everything to ensure I didn't miss this opportunity.
- Feel so good to catch this smooth trade. Need more of this kind of trade and consistently profit from it. Surely I'm on my way to recover this account.
- Often I missed trade during Asian session. But not today. Happy.




16 Jan 2025

15 Jan 2025: GBPJPY

 GBPJPY short trade on 15/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +2

- Exit plan at 2R profit level.

- Aware of important news release related to GBP (CPI y/y)


Entry:

- Entry time 3:05pm just after news release.

- Immediate strength meter 



Post Analysis:

- Have to scratch this trade.
- Strength meter shown GBP gaining strength, feeling that price might reverse at least for this day.
- The decision was correct as price did reverse towards my stop. This save me a few bucks.
- Wait for possible re-entry.



17 Dec 2024

16 Dec 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 16/12/24

- Strength meter GBP = +3, JPY = -1

- Entry time around 8:30pm 

- Immediate strength meter 

- note: hesitated to take this trade as the strength meter not showing dominant side either in strength nor weakness. Perhaps I should consider this trade setup for a 1R trade.

Update:-




30 Oct 2024

29 Oct 2024: GBPJPY

 GBPJPY long trade on 29/10/25

Pre-Analysis:-

- Strength meter GBP = +4, JPY = -7


Entry:-


- Entry time 7:45pm

Post-Analysis:-

- Stopped out as price spike down.

- Should took entry in London session around 4:00pm (as shown on chart above, the red arrow)

- After V formation, the successful test can be noted as price broke the Asian session range.

- Should I move stop to break even as price reached 1R?

- Another lost, when my trade will turn consistent? 

- Update: here is GBPNZD long trade as an alternative, which gave better results.




26 Oct 2024

23 Oct 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 23/10/24

- Trade based on H4 timeframe, strength meter was GBP = +3, JPY = -7



- Entry time around 8:00am (Asian session)

18 Aug 2024

15 Aug 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 15/8/24

- There was trend alignment in all time frame: H4, H1, M30 and M15.


- Entry @ 7:15pm using M15 time frame to time the entry


Update:-


- A possible 9R profits on this trade. Exit trade on 16/8/24










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





15 May 2024

14 May 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 14/5/24

- Based on H1 timeframe JPY group was very weak and all JPY pairs correlated show up move. This made this trade grade A.


- Trading timeframe was in H1



- Enter the trade around after 8:30pm. Strength meter also support this long trade, shows GBP was the strongest and JPY was the weakest.






23 Aug 2023

21 Aug 2023 (Trade Example): GBPJPY

 GBPJPY long trade on 21/08/23


- Correlation on JPY, they has been dump across the board.


- Entry time around 5:00pm
- Max. possible profit of 3.36R




17 Aug 2023

16 Aug 2023 (Trade Example): GBPJPY

 GBPJPY long trade on 16/08/23

- Price broke Asia session during 15/08/23 trading day, supported by news release related to GBP. On 16/08/23 pullback came in with low volume and there was important news release pending for GBP.

- News release


- Correlation factor also supported this trade as majority of GBP pairs show strength by breaking the Asia session on 15/08/23.


- Entry time 1:30pm
- Entry timeframe M15
- Max. possible profit of 13R
- Note: I was stalking this pair since 15/08/23 and did consider this long trade but somehow unable to enter the trade due to uncertainty in my decision, whether this will work or not. I am fear of losing at this point of time and it cause me missing an excellent trade.




20 Jun 2023

19 June 2023: GBPJPY

 GBPJPY long trade on 19/6/23

- GBPJPY got trend alignment to the upside on daily, 4 hour and 1 hour timeframe. The correlation also show GBP was stronger than JPY. Therefore a long trade was a logic option. Trade classification was A trade.


- Entry time 2:14pm
- Risk 0.25%


Post Analysis

- Scratch the trade with small profit.
- Reason to scratch the trade was price seem has difficulty to go up.
- Unable to see another chance to re-entry.







8 May 2023

8 May 2023: GBPJPY

 GBPJPY long trade on 8/5/23

Pre-Analysis


- Saw JPY group in downtrend with pullback (which indicate JPY in weak condition). Decided to look into JPY pairs.


- GBPJPY in uptrend, this will go into long trade in respond to JPY weakness.


- Lower timeframe got sign of strength (no supply)

Entry

- Time of entry 5:45pm
- Risk 0.25%
- Exit plan, TP @ 172.37 roughly 6R.


Post Analysis

- Lost, trade went to 1.4R before turn back.
- I move stop to half of the risk as per my trade management practice.
- Should I consider to take profit at 1R. It seem a lot of time my trade decision able to reach 1R.
- I need to research more on taking 1R profit and see the win probability. 











21 Mar 2023

20 Mar 2023 (Trade Example): GBPJPY

 GBPJPY long trade on 20/3/23



Entry: -

- VSA chart system: -


- Entry time 5:30pm
- Max profit 3.06R until end of trading day.