Showing posts with label GBPUSD. Show all posts
Showing posts with label GBPUSD. Show all posts

25 Jan 2025

24 Jan 2025 (Trade Example): GBPUSD

 GBPUSD long trade on 24/1/25

Pre-Analysis:

- Trade based on counter trend.

- As GBPUSD direction is down, upon buyers active on this pair to push price higher (this also mean a pullback/deal coming in) we can temporary trade for a long up until max of previous seller area on higher timeframe. In this case daily.

- This need to be a very careful trade.

- We only can consider this if the pullback came in strong, indicating there was buyers pushing this price.


- Strength meter for GBP and USD


Entry:

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


- The red line in above chart indicate previous seller's area that possible to use as take profit area.

- Immediate strength meter 

18 Jan 2025

16 Jan 2025: GBPUSD

 GBPUSD short trade on 16/1/25

Pre-Analysis:

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

- Risk $10, target 2R profit.

Entry:

- Entry time 4:34pm (second trade in the chart)


- Immediate strength meter 



Post Analysis:

- Scratch trade at around 5:30pm time.
- As strength meter show GBP gaining significant strength, I decided to scratch this trade.
- Price did drop a little bit after I have scratched trade but reverse back up and will trigger my stop if I stayed in trade.
- Decision to scratch was correct.
- I'm in a state of euphoria after winning trade in the Asia session, this give me super confident to take this trade.
- Look back at immediate strength meter, there was not a significant difference between GBP weakness and USD strength, therefore I should not take this trade if we look in hindsight.
- Lucky to lose minimum amount.



16 Jan 2025

14 Jan 2025: GBPUSD

 GBPUSD short trade on 14/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, USD = +7

- Exit plan at 2R profit.

- Aware of important news release related to USD (Core PPI m/m and PPI m/m)


Entry:

- Entry time 8:43pm, before news release.
- Immediate strength meter 





Post Analysis:

- Scratched trade as price not drop as I expected and also influenced by data release PPI that not favored USD currency.
- Lucky to grab a little profit as I'm scratching it.
- Price not drop and surely hit my stop if I didn't scratch this trade.
- Made my decision swiftly and without hesitation.



16 Nov 2024

15 Nov 2024 (Trade Example): GBPUSD

 GBPUSD short trade on 15/11/24

- Trade based on H1 timeframe. USD currency was still the most strongest. Pullback on H1 timeframe shown sign of buyers unable to increase anymore. Trade also influenced by news event related to USD (retails sale m/m).

- Watchlist:

Sell (GBPUSD/ EURUSD)

- Strength meter


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


- Immediate strength meter 






14 Nov 2024 (Trade Example): GBPUSD

 GBPUSD short trade on 14/11/24

- Trade based on H1 timeframe. USD currency show absolute strength. All USD pairs broke previous day high or low (depending on pairs). Any pullback after that was an opportunity for a trade.

- Strength meter 


- Entry time around 4:45pm


- Trade able to reach 2R profits.


3 Nov 2024

31 Oct 2024 (Trade Example): GBPUSD

 GBPUSD short trade on 31/10/24

- Trade based on H4 timeframe.




- Entry time around 9:45pm


- Immediate strength meter


- Note: I was looking at this trade but missed it, lack of focus cost me to miss this opportunity.


4 Sept 2024

3 Sept 2024: GBPUSD

 GBPUSD short trade on 3/9/24

- Trade based on H4 time frame.


- Entry @ 1:47pm using time frame M15









22 Jun 2024

20 June 2024 (Trade Example): GBPUSD

 GBPUSD short trade on 20/6/24

- GBPUSD short trade with B grade. Based on H4 time frame.


- Entry time @ 3:45pm using M15 time frame.





14 Dec 2023

13 Dec 2023 (Trade Example): GBPUSD

 GBPUSD short trade on 13/12/23



- Entry time 2:30pm
- Using M30 time frame for entry
- Second possible entry time was 10:30pm



25 Nov 2023

23 Nov 2023 (Trade Example): GBPUSD

 GBPUSD long trade on 23/11/23


- Entry time 4:00pm
- Use M30 as refining entry time frame.
- Entry based on H4 time frame.


- Update on 24/11/23 trading day.





26 Oct 2023

25 Oct 2023 (Trade Example): GBPUSD

 GBPUSD short trade on 26/10/23

- Strength meter



- Daily timeframe shows price in range state.
- Trade classification B
- Entry time 2:00pm









14 Sept 2023

13 Sept. 2023 (Trade Example): GBPUSD

 GBPUSD short trade on 13/09/23


- Entry time 1:30pm
- Entry timeframe 15 min
- Max. possible profits of 3.51R
- Note: missed this trade, overthinking and lack of confident to take this trade after done all the analysis. Need to built confident and trust to my analysis.







16 Aug 2023

15 Aug 2023 (Trade Example): GBPUSD

 GBPUSD long trade on 15/08/23

- Price broke Asia session following important news release for GBP. Pullback on low volume occurs during New York session. This trade also supported by important news release related to USD around 8:30pm.

- News release for GBP 2:00pm and for USD 8:30pm



- Entry time 8:45pm
- Entry timeframe M15
- Max. possible profit of 2.95R




18 May 2023

17 May 2023 (Trade Example): GBPUSD

 GBPUSD short trade on 17/5/23


- Entry time 12:00pm (Asian trading session)
- Note: missed this trade, not at my trading desk. I only started my day around 1 hour before Frankfurt open (1:00pm)


8 Apr 2023

7 Apr 2023 (Trade Example): USDCAD & GBPUSD

 USD long trade and GBPUSD short trade on 7/4/23


- Entry time 4:15pm


- Entry time 6:45pm



23 Feb 2023

22 Feb 2023: GBPUSD

 GBPUSD long trade on 22/2/23

Pre-Analysis



Entry


- VSA chart system


- Strength meter



- Time of entry
- Risk 0.25%
- Exit plan @ 1.21477 (recent swing high) for approx. 1.35R profits

Post Analysis

- Stop out.
- Not working this time.



- Price after closed trade