Showing posts with label Lost. Show all posts
Showing posts with label Lost. Show all posts

5 Jun 2025

4 June 2025: EURUSD

 EURUSD long trade on 4/6/25

Pre-Analysis:

- I trade this based on daily price, which is trending up.

- Daily strength meter EUR = +1, USD = -6

- 4 hour strength meter EUR = +2, USD = -7

- Risk $10 with exit plan was to take partial profit at previous downward price in H4 timeframe. The remaining position will target at previous high of daily timeframe or maybe a break out to the new high.

- If price remaining at around my entry, I will reconsider to scrap this trade.


Entry:

- Entry time 3:26pm

- Immediate strength meter 



Post Analysis:

- Scratch this trade with small lost.
- Entry should wait around 4:30pm as only this time price really show it broke the Asian session range. 
- But if I got in later will I hold to my position as after that price went back towards my stop?
- Price really went up during New York session, but I was hesitant to re-enter as immediate strength meter didn't show EUR as the strongest currency.


- What a waste as price did went up and I may take half profit and let the remaining position as planned.

15 May 2025

12 May 2025: AUDJPY

 AUDJPY long trade on 12/5/25



Entry:

- Entry time 5:52pm 


- Immediate strength meter 


Post Analysis:

- Scratch trade. Should not be a trade.
- Higher timeframe shows in downtrend.
- Should not consider long.
- Only trade long for a counter trend setup with entry during opening London session (break of Asia session), this also should take profit immediately not to hold.


- Below shows the AUDJPY on higher timeframe.


- Below how I should trade this long.


- Update (17/5/25): 2 days later on 14/5/25 there was a short trade opportunity occurred. This follow higher timeframe trend which is down.


- The trade setup during London session and entry should be around 4:00pm time.

8 May 2025

8 May 2025: EURCHF

 EURCHF long trade on 8/5/25

- CHF show weakness, one of the weakness currency during Asian session.


- Entry time 3:42pm London session 


- Immediate strength meter 


Post Trade Analysis:

- Scratch trade as correlation show as below


- Should I trade JPY pairs as it was the weakest currency?
- Pullback on CHF currency seen strong.

24 Mar 2025

19 Mar 2025: EURAUD

 EURAUD long trade on 19/3/25

Pre-Analysis:-

- Trade base on H4 timeframe.

- Strength meter was EUR = +6, AUD = 0

- Risk $10, exit plan at previous high.


Entry:-

- Entry time 8:11pm


- Immediate strength meter 


Post Analysis:-

- Scratch this trade.
- Mistake was, there was no sign of buyers come back.
- Look at those buyers after discount, not aggressive.
- This trade not ready yet. This also show timing was not right.
- Probably trade may ready by next trading week.


- How this pair perform throughout this week.

14 Mar 2025

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.

5 Feb 2025

4 Feb 2025: CADJPY

CADJPY long trade on 4/2/25

Pre-Analysis:

- Trade based on scalping system.

- CAD show strength while JPY group was the weakest currency.

- Risk $10, exit at 1R profit.

Entry:

- Entry time 6:58pm


- Immediate strength meter 

Post Analysis:

- Have to scratch this trade.

- Make a big mistake as I entered a wrong trade size. This should be 0.04 size as I wrongly enter 0.4 lot size.

- I realized this when my position shown loss of around $10 while still far from my stop level. 

- Immediately after I realized my mistake, I close this trade as this might make my loss bigger than my intended risk.

- I'm too rush in taking this trade and made a mistake on enter my position size.

- This trade was very close to my target price. It will depend on how I managed this position to close for a profit or break even.

- Shouldn't made this position size mistake.


30 Jan 2025

28 Jan 2025: AUDUSD

 AUDUSD short trade on 28/1/25

Pre-Analysis:

- Trade based on trend pullback system

- I have checked with correlation, USD show strength compare to other currency.

- Flow also pointing down.

- Pullback phase believed to complete and ready for a short trade.

- Risk $10, plan to ride this down until recent low.

Entry:

- Made 2 trade for this day.

- First entry time 4:28pm (London session), second entry time 8:06pm prior to New York session.

- Second trade immediate strength meter 



Post-Analysis:

- Scratch both trade. First trade on the same day, while second trade scratched on the next day.
- Timing was wrong.
- Correct timing should be on 29/1/25 during Asian session, prior to news release related to AUD CPI data.
- While second trade give a little bit profit, but I haven't convince on the outcome as my entry price wasn't perfect.


- Here where I should enter on 29/1/25.


- Second black arrow was perfect entry on 29/1/25, as this time buyer was believed to completely gone.
- The first black arrow was good price to time entry for an aggressive trade. This is base on price look unable to make another run up at an area of support. This was riskier but can pay off good profit.
- An aggressive trade on H4 chart



- This trade may give entry on 28/1/25 (same day as my trade), timing around Asia session.

24 Jan 2025

23 Jan 2025: EURCAD

 EURCAD long trade on 23/1/25

Pre-Analysis:

- Trade based on trend pullback.

- Currency strength EUR = +4, CAD = -4

- Risk $10, target at 2R.



Entry:

- Entry time 9:40pm (New York session)


- Immediate strength meter 



Post Analysis:

- Another scratch trade.
- This was a FOMO trade.
- Immediate strength meter also not at the required level.
- I believe my understanding of trend pullback concept still not there. There was no 'deal' in this trade. I myself label it as a 'deal' while in actuality was not.
- I may change to look for a 'deal' from daily timeframe. As now Urban Forex has their market analysis session every Monday, I will take their input to find my trade setup.
- Will also abandon calculate for strength meter, but will focus on the flow of market and correlation.
- In mean time, I will trade also my scalping trading system with always target 1R profit.


- Update (28/1/25), price did went up starting on 24/1/25 and only able to make slightly new high until 25/1/25.

23 Jan 2025

22 Jan 2025: USDJPY

 USDJPY long trade on 22/1/25

Pre-Analysis:

- This trade based on scalping system with target of 1R.

- At this point I believed USD currency was the strongest.

- Based on pullback I decided to take this trade.

Entry:

- Entry time 3:50pm


- Immediate strength meter 



Post Analysis:

- Scratch this trade as price not advancing fast, instead price dropped towards my stop.
- This trade supposed to be on JPY weakness rather than USD stronger.
- Supposed I trade EURJPY for a long trade


- Time of trade around 5:30pm
- Immediate strength meter 


- This trade system to support my trading if in case there was no setup for trend pullback trading.
- In this system, I will target 1R only.

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.