Showing posts with label USDCHF. Show all posts
Showing posts with label USDCHF. Show all posts

25 May 2025

20 May 2025: USDCHF

 USDCHF short on 20/5/25

Pre-Analysis:

- Trade based on daily downtrend.


- Strength meter was USD = -6, CHF = +7
- Strength meter chart on 20/5.
- Risk $10. Exit at previous price where it swing up.



Entry:

- Time of entry 10:28pm (New York session)
- Immediate strength meter 





Post Analysis:

- Trade was successful.
- Trade also turn against me at the beginning, thanks as I hold on and ready to accept if this may fail.
- Made 2 exit 


- Total profit $34.18 for a 3.4R


- How price went after I booked profit


- I might hold the remaining position after closed the first 0.02 lot, this still will give me more as price may drop further down.

23 Nov 2024

22 Nov 2024 (Trade Example): USDCHF

 USDCHF long trade on 22/11/24

- Trade based on H4 timeframe and wait for pullback setup.

- Overall strength meter reading was USD = +7, CHF = 0


- Entry time 5:00pm

- Strength meter during entry:


- note: this pair was in my watchlist on this day. I even check this setup just before it was launch to the upside around 5:00pm but hesitated to enter. I was not well prepared, need focus at the very top level otherwise this kind of trade will continue slipped away from me.

- Strength meter recorded for entire trading day:


- This trade has potential to hold until it make a new high and only exit when price show inability to rise higher.





15 Oct 2024

14 Oct 2024 (Trade Example) : USDCHF

 USDCHF long trade on 14/10/24

Pre Analysis:-

- Strength meter USD = +6, CHF = +3


Entry:-

- Entry time around 3:00pm


- Note: missed this trade, new to use mobile phone for trading as I lost my laptop. Things got messy as I look for position size calculator to determine my trade size. Finally I missed entry point and hesitated to take a trade with a little bit higher price. I blamed myself for lack of preparation.

25 Apr 2024

24 Apr 2024 (Trade Example): USDCHF

 USDCHF long trade on 24/4/24


- USDCHF trade based on H4 timeframe.


- Correlation by design shows CHF in weakness state, this support the long trade for USDCHF.


- Trade based on trading timeframe H1







28 Dec 2023

27 Dec 2023 (Trade Example): USDCHF

 USDCHF short trade on 27/12/23


- Trend was down according to daily timeframe
- Using M30 timeframe for timing the entry
- Entry time 9:30pm





20 Dec 2023

19 Dec 2023 (Trade Example): USDCHF

USDCHF short trade on 19/12/23


- Entry time 5:00pm
- Trade based on daily time frame
- Using M30 to time the entry





2 Aug 2023

1 Aug 2023 (Trade Example): USDCHF

 USDCHF long trade on 1/08/23


- Entry time 3:00pm
- Entry timeframe M15
- Possible max. profit 4.15R






15 May 2023

15 May 2023: USDCHF

 USDCHF long trade on 15/5/23

Pre-Analysis


Entry

- Entry time 5:00pm
- Risk 0.25%
                          


Post Analysis

- Lost trade
- Timing was off. Sign of strength was there but no confirmation or price/market still not ready to rise.
- Be patient. The sign of strength (3) in pre-analysis chart indicate it should be test with shakeout or test, then wait for those indicator to a arrive in the chart.  
- Should wait for confirmation and this lost can be avoided.


- Price after trade stop out.







28 Apr 2023

28 Apr 2023: USDCHF

 USDCHF long trade on 28/4/23

Pre-Analysis





Entry

- Time of entry 2:00pm
- Risk: 0.25%
- Exit plan: trailing stop, see if price can break yesterday high.


Post Analysis

- Stop loss.














17 Apr 2023

17 Apr. 2023: USDCHF

 USDCHF long trade on 17/4/23

Pre-Analysis

- Possible set up of absorption volume. With USD currency shows strength and CHF currency show weakness.




Entry


- Time of entry 7:15pm
- Risk 0.25%
- Exit plan, TP when sign of weakness appears in hourly chart.


Post Analysis

- Trade closed with profit. Max profit at the end of trading could reach 5.04R
- This time I search high and low for a possible better pair to trade. I checked every single currency chart to see their strength or weakness and from there I picked the most relevant pair to trade.
- I waited for the confirmation indicator to arrive before making this trade. Although at the beginning price went down slightly but I hold to my trade thinking this might have a chance to perform.
- The analysis done with all consideration I could read, the buyers that push the price higher from a decline and also the inability of sellers to push down price further. 
- On technical chart, I waited until price touch the trendline before I made a standby mode and waited for a confirmation indicator.
- This whole process should be my template of every trade.


- Price at the end of trading day











16 Feb 2023

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