Showing posts with label NZDCAD. Show all posts
Showing posts with label NZDCAD. Show all posts

11 Oct 2023

10 Oct 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 10/10/23


- Entry time 9:00pm
- Correlation NZD = +7, CAD = 0




30 Sept 2023

29 Sept. 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 29/09/23


- Entry time 8:00am



2 Aug 2023

31 July 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 31/07/23


- Entry time 8:00am
- Entry timeframe H1
- Possible max. profit 3.11R
- Note: I unable to trade this as I am not in front of my trading desk. I was outside to send my son for his school. I could not read VSA indicator. In the future I need to prepare early in the morning by reading the VSA chart around 5.00 am and make decision by reading from TradingView chart only through mobile phone.







22 Jul 2023

21 July 2023 (Trade Example): NZDCAD

 NZDCAD short trade on 21/07/23


- Entry time 8:00am
- Entry timeframe H1
- Possible max. profit of 3.81R





13 May 2023

12 May 2023 (Trade Example): NZDCAD

 NZDCAD short trade on 12/5/23


- Entry time 9:00am (Asia trading session)
- Possible max profit 11.35R





2 Apr 2023

31 Mar 2023 (Trade Example): NZDCAD

 NZDCAD short trade on 31/3/23


- Entry time 5:45pm
- Max profit 4.0R




14 Mar 2023

13 Mar 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 13/3/23



- VSA chart system



- Entry time 7:00pm
- Max possible profit 3.43R








1 Mar 2023

28 Feb 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 28/2/23



- VSA chart system: -



- Entry time 9:30pm
- Max profit 6R until end of trading day
- Trade supported by major news event related to CAD (GDP m/m)

- Update: -


- As at end of 1/3/23 trading day possible max profit increase to 11.84R





10 Nov 2022

9 Nov 2022 (Trade Example): NZDCAD

 NZDCAD short trade on 9/11/22


- Entry: based on M15 chart



- Time of entry 11:30am
- Max profits 5.06R






19 Jun 2022

17 June 2022: NZDCAD

 NZDCAD long trade on 17/6/22

Strength number NZDCAD (+2, -6)




Post Analysis:-

- Trade ended with loss.
- There is problem here, the trade that I missed performed very well but the trade that I took end up in loss. Real trouble.

















13 Mar 2022

11 Mar 2022: NZDCAD

 NZDCAD short trade on 11/3/22

Pre-Analysis:-

- Trade base on reversal trade, daily timeframe shows previous drop on this price level. I time my entry base on hourly chart.



Entry:-


Post Analysis:-


- Trade closed with profit.
- Feel confident before took this trade.
- I am aware of economic news release related to CAD on that day, so I prepared accordingly.
- Hope to find this kind of trade set up frequently.
- I closed trade before end of trading session to avoid holding a trade over the weekend, as it was a part of my trading plan.
- It maybe drop further, but I choose not to take anymore risk.











31 Dec 2021

31 Dec 2021: NZDCAD (Short Trade)

 NZDCAD short trade

Pre-Analysis:-



Entry:-


- Last trade of 2021
- Lot Size: 0.83
- Risk: 1% ($ 98)
- Time of entry: 7:00pm
- TP: Trailing stop

Post Analysis:-


- Trade closed with profit
- Again profit still not at maximum, need to master how to close with max profit.
- Profit $ 204.60, (2.08R)
- A possible close to 4R profit ratio max.
- Still worried to let the position open through weekend.











15 Nov 2021

15 Nov 2021: NZDCAD

 NZDCAD long trade on 15 Nov. 2021

Pre Analysis:-


- Possible sign of strength at the bottom of chart as shown above. This is hourly chart.
- Price went up above trigger number and hovering there since previous 2 trading day.
- Plan to go long for this with further sign of strength possibly on 15 minutes chart.

Entry:-


- There was a test on down bar with low volume. The test was successful and price still above trigger number.
- This also supported by trending system chart that shows an uptrend.


- Time of entry : (3:41pm)
- Position Size: 1.39 lot
- Risk: 1% ($100)
- Target: 0.8859 (approx. 2R)

Post Analysis:-


- Trade went up as expected.
- Max potential profit 2.88R
- My profit was $153.06
- I did not wait until trade hit my pre define target as I want to lock all profit to ease some pressure of previous drawdown.
- Trading is pressuring business, I admit it.










10 Oct 2021

8 Oct 2021 (Trade Example): NZDCAD

 This is trade example on 8 Oct 2021, NZDCAD short trade.


Entry:-


- Set up no demand bar (nd)
- Volume very low on no demand bar.
- No demand bar lower than MA, that show immediate trend was down.
- Entry on price 1 pip lower than no demand bar.
- Time of entry 1:00pm
- Potential max profit 5.33R




27 Sept 2021

24 Sept 2021 (Trade Example): NZDCAD

 NZDCAD long trade base on Wyckoff  VSA principle.

Pre- Analysis:-

- Uptrust (sign of weakness) with very high volume as shown with red arrow mark.
- Price broke low of uptrust bar and confirm the weakness.
- Pullback happen, price move up to low of uptrust bar.

Entry:-

- Entry with no demand bar.
- Confirm no demand bar with change of behaviour to downside
- Stop maybe be place right above no demand bar.
- Profit can be trail for max.

Post Analysis:-







6 Sept 2021

3 Sept 2021(Trade Sample): NZDCAD (long)

 Trade sample NZDCAD, long trade. Trade base on technical analysis.