Showing posts with label GBPNZD. Show all posts
Showing posts with label GBPNZD. Show all posts

1 Mar 2025

25 Feb 2025 (Trade Example): GBPNZD

 GBPNZD long trade on 25/2/25

- Trade based on trend pullback in daily timeframe.

- Strength meter reading was GBP = +6, NZD = -6


- Entry time around 5:15pm (London session)

11 Dec 2024

10 Dec 2024 (Trade Example): GBPNZD

 GBPNZD long trade on 10/12/24

- Strength meter GBP = +4, NZD = -4

- Trade based on H1 timeframe.

- Entry time around 10:00pm (New York session)


- Immediate strength meter.




27 Oct 2024

24 Oct 2024 (Trade Example): GBPNZD

 GBPNZD long trade on 24/10/24

- Trade based on H4 timeframe. Strength meter was GBP = +3, NZD = -5



- Entry time around 8:00pm (New York session)



7 Aug 2024

6 Aug 2024 (Trade Example): GBPNZD

 GBPNZD short trade on 6/8/24

- Trade based on H4 time frame. This trade can be graded as grade B.


- Entry @ 6:15pm using M15 time frame.









11 Jun 2023

8 June 2023 (Trade Example): GBPNZD

 GBPNZD long trade on 8/6/23.

- Trend alignment to the upside confirm. This gave opportunity for a long trade.


- Trade on 5 minute timeframe.
- Entry time 9:45pm




  


6 Jun 2023

5 June 2023: GBPNZD

 GBPNZD short trade on 5/6/23


- Entry time  11:33am
- Risk 0.25%
- Exit plan, TP @ 2.044 for approx. 5R profit.

Post Analysis

- Stop out.
- Should set the stop a little bit higher, this will make this trade survive.
- Pay attention on where to place stop loss.
- Missed massive profit of max. 7R










3 Jun 2023

2 June 2023 (Trade Example): NZDUSD & GBPNZD

 NZDUSD long trade on 2/6/23


- Entry time 10:00am (Asian trading session)

GBPNZD short trade on 2/6/23


- Entry time 10:00am ( Asian trading session)
- Note: this is counter trend trading.






30 Mar 2023

30 Mar 2023 (Trade Example): GBPNZD

 GBPNZD short trade on 30/3/23

- Scalping trade in 5-minute chart.


- Entry time 1:20pm
- Max profit 4.95R




21 Sept 2022

20 Sept 2022 (Trade Example): GBPNZD

 GBPNZD long trade on 20/9/22 based on momentum trade.

- Majority of GBP pairs show strength based on 5 pairs broke Asia session. The other 2 pairs did not break Asia session but not showing weakness either. So we can consider this pair for a long trade.


- Strength meter


- Entry:-



- Trade able to give 1R target profits.






20 Sept 2022

19 Sept 2022 (Trade Example): GBPNZD

 GBPNZD long trade on 19/9/22 based on momentum trade backed by anticipate trade.

- NZD was the weakest currency across the board. Previously GBPNZD was set up for a long trade based on anticipate trade.


- For a momentum trade here is the chart:-


- Strength meter also show NZD was the weakest currency


- Entry also supported by correlation, all NZD pairs broke Asia session.











6 Sept 2022

6 Sept 2022 (Trade Example): GBPNZD

 GBPNZD long trade on 6/9/22

- GBP was strong across the board, all GBP pairs broke New York session.




- Trade during Asia session approx. time 11:42am
- Trade able to give 2R profits.








20 Jul 2022

20 July 2022 (Trade Example): GBPNZD & EURCAD

 * GBPNZD short trade on 20/7/22:-

- Based on daily & 4 hour timeframe, correlation shows NZD stronger than GBP




- Entry could be made during Asian session around 11:00am
- Update:- trade able to gain profit, depending where you decide to close the trade




* EURCAD short trade on 20/7/22:-

- Based on daily timeframe CAD was stronger than EUR in correlation.





- Entry during London session, around 6:00pm
- Update:- trade able to give profit but depending on where you exit/close your trade.
- I'm hesitate to take this trade even though the setup appear in front of me around 6:30pm time. This due to lack of preparation on this coming trade and I got unprepared for this opportunity.
- Need to close monitor a pair if it appear to have setup so that I not going to miss a profitable trade. Such a waste!.















28 Sept 2021

27 Sept 2021: GBPNZD

 GBPNZD long trade base on Wyckoff VSA principle.

Pre-Analysis:-

- Climactic volume & wide spread bar as marked with arrow.
- Price broke high of wide spread bar 2 times. 2nd time it test high of wide spread bar.
- Price hold at high of wide spread bar.
- Entry could be at no supply bar that show success test.

Entry:-

- No supply bar with success test appear, entry after success test bar.
- Entry price: 1.94802
- Time: 1:00pm
- Position Size: 0.47
- Risk: 1% 
- Stop: 1.94592 (21 pips)

Post Analysis:-

- Exit at 1.95476 (4:35pm) (67 pips)
- Roughly 3.19R profit
- Exit made out of fear, fear of price might drop back.
- Proper exit need to be execute. No indicator sign of weakness appear therefore trade should not close at that time.
- Should trade be carry foreword potential of 4.77R profit can be made.