2 Dec 2024: USDCAD

 USDCAD long trade on 2/12/24

Pre-Analysis:

- Trade based on H4 timeframe. Strength meter was USD = +1, CAD = -2

- Plan to target for 2R.

Entry:

- Entry time 10:29pm (New York session)

- Immediate strength meter 

Post Analysis:

- Scratch trade on 3/12/24 around 12:04pm because I am feeling this price will hovering around this level and might hit my stop.

- Price didn't advance as what I hope and it is best to avoid lost.

- Will see if price still has potential to rise on next trading day (3/12/24).

- Should I consider to take profit at 1R as the overall strength meter didn't show significant strength between USD and CAD. That was a better decisions than this very tiny win.

- Strength meter USD and CAD for entire trading day.

- All currencies strength meter 

1 Nov 2024: USDCAD

 USDCAD long trade 1/11/24

Pre-Analysis:

- Trade based on H4 timeframe. Tried to capitalize on pending news release, NFP.

Entry:-

- Time of entry 2:41pm

- Immediate strength meter

Post Analysis:-

- Lost trade.

- State of market was in channel, and my entry right at the top of channel which need to break this channel inorder to give me profit.

- Price unable to break channel.

- My mistake didn't consider state of market at all.

- Should focus more on trending state market.

- Next trade I will consider state of market in my pre-analysis process.

22 Jul 2024 (Trade Example): USDCAD

 USDCAD long trade on 22/7/24

- Long trade based on H4 timeframe. This trade can be targeted as a swing trade.

- Entry @ 5:00pm based on M15 timeframe (using VSA indicators) and also reading of pullback.

24 June 2024 (Trade Example): USDCAD

 USDCAD short trade on 24/6/24

- Trade based on H4 time frame. This trade was classified as grade A.

- Entry time @ 2:00pm using M15 time frame.

2 Jan 2024 (Trade Example): USDCAD

 USDCAD long trade on 2/1/24

- Trade set up in H1 timeframe.

- Using M15 to time the entry

- However daily timeframe was a downtrend, this trade was in counter trend trading.

- Time of entry 7:15pm

6 Oct 2023 (Trade Example): USDCAD

 USDCAD short trade on 6/10/23

- Entry time 10:00pm

- Trade after news event NFP

23 Aug 2023 (Trade Example): USDCAD

 USDCAD long trade on 23/08/23

- USDCAD long trade with trade classification as B trade. This trade did not has correlation backing it up. On strength meter USD was stronger than CAD.

- Entry time 3:00pm

- Max. possible profit of 3.66R

19 July 2023 (Trade Example): USDCAD

 USDCAD short trade on 19/07/23

- Entry time 9:00pm

- Possible profit 2.69R

- Note: trade need to hold until next day (20/07/23)

19 June 2023: USDCAD

 USDCAD short trade on 19/6/23

- USDCAD got grade A trade classification. 

- Entry time 8:11pm

- Risk 0.25%

Post Analysis

- Scratch the trade with loss.

- Should not took this trade as entry price was far from trigger number.

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

5 Apr 2023 (Trade Example): USDCAD

 USDCAD long trade on 5/4/23

- This was a discretion trade as the confirmation indicator not in trading plan (test, no supply or shakeout). The indicator was SOS 133: Strength coming in.

- Entry time 2:00pm

- Max profit 4.74R

- Update: - another trade that appeared on 5/4/23 was AUDCAD short trade.

 

24 Mar 2023 (Trade Example): USDCAD

 USDCAD long trade on 24/3/23

- Trend alignment for upside in daily, 4-hour and 1 hour timeframe. On 15-minute timeframe there was an absorption volume set up.

- Entry time 5:45pm

- Max profit 1.58R

16 Feb 2023 (Trade Example): USDCAD

 USDCAD long trade on 16/2/23

Entry: -

- Entry time 5:20pm

- Max possible profits up until 16 Feb. trading day 6.9R

10 Feb 2023 (Trade Example): USDCAD

 USDCAD short trade on 10/2/23

- Time of entry 8:30pm

- Max profits 3.52R

18 Jan 2023 (Trade Example): USDCAD

 USDCAD long trade on 18/01/23

- Based on divergence USDCAD trade on the long side

- Time of entry around 11:45pm

20 Dec 2022: USDCAD

 USDCAD long trade on 20/12/22

Pre-Analysis

- Sign of strength on 15 minutes chart of USDCAD (with ultra-high volume).

- Entry

- Entry time 3:45pm

- Risk 0.25%

Post-Analysis

- Trade closed with losses.

- I scratch this trade.

- The test not testing the ideal test area which is the trigger point or inside buying area (price where ultra-high volume appeared).

- Next time do not take trade when price not at least testing the trigger number.

- Update on USDCAD price chart (21/12/22)

6 Dec 2022: USDCAD

 USDCAD long trade on 6/12/22

Pre-Analysis:-

- USDCAD was in uptrend for higher timeframe (D1 & H4).

- VSA chart:- SOS appeared on M15 chart

Entry:-

- Entry time 6:00pm

- Risk 0.25%

- Trade classification: C trade (SOS without confirmation)

Post Analysis:-

- Trade closed at breakeven

- Move stop at breakeven before went to sleep. Price hit stop around 12:00am (7/12/22) and rebound after that.

- I thought this trade might not work but I'm prepared to breakeven that what made me move the stop.

- Eventually price hit higher and again I missed the profits.

- Now my other issue is how to exit a trade?

- As at 5:00pm 7/12/22 here is how USDCAD perform.

30 Nov 2022: USDCAD

 USDCAD long trade on 30/11/22

Pre-Analysis:-

- Support on (H1) chart but it was not visible on higher timeframe (D1), this may take as B trade classification.

- VSA chart:-

Entry:-

- Entry time 1:15am (1/12/22)

- Risk 0.5% (B class trade)

Post Analysis:-

- Trade closed with stop out (full risk loss)

- I did not take into consideration there was speech by Fed Chairman, Jerome Powell which effect the price.

- During Powell speech price reverse and hit my stop.

- Need to consider important speech in the future, better not to trade during that event.

- All the process look good but one missing element that I overlook cause me a loss trade.

- Better next time for sure.