3 Aug 2023 (Trade Example): NZDJPY

 NZDJPY short trade on 3/08/23

- Trade based on JPY group strength which broke the Asian session.

- Entry time 9:00pm

- Entry timeframe H1

21 Mar 2023: NZDJPY

 NZDJPY long trade on 21/3/23

Pre-Analysis

- Currency strength & correlation: -

Entry

- VSA chart system: -

- Entry time 5:10pm

- Risk 0.25%

- Tarde size: 0.03 standard lot

- TP plan @ 83.177 for approx. 6R

Post Analysis

- Scratched the trade, took lost half of the risk.

15 Feb 2023: USDCHF

 USDCHF short trade on 15/2/23

Pre-Analysis

Entry

- I made 2 entries

1st entry: -

- 2nd entry: -

- 1st entry time 3:09pm

- 2nd entry time 3:44pm

- Both I risked 0.25%

Post Analysis

- Both trades ended with loss.

- 1st trade I scratched, and 2nd trade was stopped out.

- 1st trade should not be a trade, no confirmation on that.

- 2nd trade all ok but it did not work out and affected by news event related to USD around 9:30pm.

- It seems I rushed everything does not calm as supposed I do.

- Focus on quality set-up, trade need to show me a lot of confirmation criteria.

- 1st trade: -

- 2nd trade: -

- Here is pair that I should trade, NZDJPY for long trade

- Entry: -

- Entry time 8:15pm

- Max possible profits 3.07R

12 Aug 2022 (Trade Example): NZDJPY

 NZDJPY long trade on 12/8/22

This trade maybe unable to reach 2R profits, here was the closed market on Friday for this chart.

Alternatively, I can look onto GBP group as this currency was the weakest currency across the board and all the pairs broke the Asian session level.

The pairs that give good trade was GBPAUD going for a short trade.

10 Aug 2022: NZDJPY

 NZDJPY long trade on 10/8/22

Pre-Analysis:-

- Correlation wise NZD was stronger than JPY. JPY was the weakest currency across the board.

- Trade during London session, time of entry 4:30pm

Post Analysis:-

- This trade was a nightmare for me. I got stop out with big loss $107 as price slippage 

- Got stop out at around 63 pips while my stop already move to about 6 pips, huge slippage man!!!.

- FUCK SLIPPAGE!!!!

- FUCK!!!!!!!!!!

- FUCK!!!!! that is my post analysis.

- BABI BETUI SLIPPAGE NI !!!!

9 Mar 2022 (Trade Example): NZDJPY

 NZDJPY long trade available on 9/3/22.

- Trend alignment to the upside was detected for daily, 4 hour timeframe. For entry we can use hourly timeframe.

- This trade need to hold over the weekend.

9 Nov 2021 (Trade Example): NZDJPY

 NZDJPY short trade

Pre-Analysis:-

- Possible sign of weakness on NZDJPY, looking for short.

- It shows potential buying climax with widespread up bar closing in the middle. Volume ultra high.

- Price broke the lower part of climatic bar and retest it back that area on 9 Nov 2021.

- Find an entry that shows sign of weakness in 15 minutes timeframe.

Entry:-

- Probably a no demand up bar appear as shown on the chart. Next bar was an upthrust.

- Entry when price drop below the upthrust bar.

Post Analysis:-

- The first entry did not do much, price stayed around entry for quite a long period. This may entice me to close the trade or move the stop to breakeven.

- Then during NY session another no demand bar appear this time with low volume and accompanied by an upthrust bar after that.

- Trade can be taken at lower than upthrust bar.

- In this case max profit around 3.79R.

- Another information to support this trade was trending system shows it is in downtrend so it possible to take a short trade. Trending system shows on the chart below.

- The hourly chart trending system still down, thus it support the short trade.

 

11 August 2021: NZDJPY (long)

 This was a sample trade that can be taken on 11 August 2021

Pre Analysis:- 

Correlation:- NZDJPY (12 / 2), clearly NZD stronger than JPY

Market State:- NZDJPY traded under buyer's territory as shown on the H1 chart below

Session Breaks:- NZD broke NY / Asia session with strong sentiment (5 pairs)

While JPY also broke NY / Asia session with weak sentiment (6 pairs)

Fundamental:- there was no news release for both NZD and JPY, all news sentiment for both currency considered outdated.

Trading Plan:-

Trade Classification:- B trade

(all 3 element backed for NZDJPY long trade: correlation, market state/territory & session breaks. only fundamental news not back-up this trade, thus a B class trade was classified.)

Entry:- pullback / digestion after session breaks

Pullback:- the first pullback (1) show slow & not aggressive pullback, no (2) pullback unable to make lower low & no 3 pullback also unable to make new low this all line up and show inability of price to go down. after that range appear & forming close to the NY opening time. trade can be enter on the opening hour of NY session as show on the chart above.

Stop:- stop placed under the pullback area that unable to break, this trade should not break that area to see price mark-up higher. stop was 10 pips lower than entry price.

Exit:- trail the profit for max 

Post Analysis:-

- Trade can produce roughly 3.5R profit max.

- Preparation before NY opening hour is very important, it should be done at least 30 minutes before opening market.