Showing posts with label USDJPY. Show all posts
Showing posts with label USDJPY. Show all posts

4 Jun 2025

2 June 2025: USDJPY

 USDJPY short trade on 2/6/25

Pre-Analysis:

- Trade based on H4 timeframe, price trending down.

- Strength meter USD = -4, JPY = -6

- Risk $10, exit plan was at the previous price that shoot up.


Entry:

- Time of entry 1:57pm
- Immediate strength meter.





Post Analysis:

- Exit with 1.5R (full exit).
- Closed trade while I am facing my son meltdown while at Marrybrown outlet. 
- Distracted and made decision under pressure, ignore my trading plan to hold until price reach previous swing up level.
- Missed a few pips only, lucky.
- That is difficulty while me juggling with trading and taking care of my autistic son. So stressed.


- While I should look into EURUSD for a long trade.
- It's strength meter was, EUR = +1 USD = -6



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.

14 Dec 2024

13 Dec 2024 (Trade Example): USDJPY

 USDJPY long trade on 13/12/24

- Strength meter USD = +6, JPY = -1


- Immediate strength meter 



- Entry time 4:00pm (London session)




15 Nov 2024

12 Nov 2024: USDJPY

 USDJPY long trade on 12/11/24

Pre Analysis:

- Trade based on H4 timeframe, there was trend developing on this pair. Upon pullback or discount been offered, I then interested to take this trade for a buy.

- Watchlist: Buy (USDJPY/ CADJPY)


- Strength meter


Entry:

- Entry time 5:54pm


- Immediate strength meter:


Post Analysis:

- I prepared well for this trade, however after I was shaky as the trade not launch immediately. It only launch during New York session.
- I was about 50-50 on this trade as it didn't launch immediately. Lucky I hold on.
- Exit was bad, as only able to book 1.2R only.
- Trade went for 2R on this trading day.
- I will opted to target 2R profit as my recovery plan to get my account back at initial balance.
- If my account recover, will think to change profit taking plan into ride on profits.


Update (16/11/24):


- Trade able to reach max profits of 7R. Price reach as high as 156.751


21 Oct 2024

17 Oct 2024: USDJPY

 USDJPY long trade on 17/10/24

- Trade based on H4 timeframe. Strength meter was USD = +7, JPY = -5.

Entry:-

- Entry time 2:18pm

Post Analysis:-

- The design looks not as convinced but I took risk to enter this trade.

- This made me in pressure not to hold this trade and decided to close it as price dropped back to my entry level.

- This trade should be able to give me more profits.



10 Oct 2024

9 Oct 2024 (Trade Example): USDJPY

 USDJPY long trade on 9/10/24

- Trade based on H4 timeframe


- Entry time around 1:00pm one hour before Frankfurt open.


28 Aug 2024

27 Aug 2024: USDJPY

 USDJPY short trade on 27/8/24


- Entry @ 10:53pm using M15 time frame


- Full exit on 28/8/24 as price reverse back to entry point, took whatever market gave.









20 Jun 2024

19 June 2024 (Trade Example): USDJPY

 USDJPY long trade on 19/6/24

- Trade based on H4 time frame, grade A trade.


- Entry time @ 10:30pm using M15 time frame for precision.


- Update (22/6/24)









8 Dec 2023

7 Dec 2023 (Trade Example): USDJPY

 USDJPY short trade on 7/12/23




- Entry time 1:45pm
- Entry based on H1 timeframe
- H4 timeframe was trending





9 Nov 2023

8 Nov 2023 (Trade Example): USDJPY

 USDJPY long trade on 8/11/23

- USDJPY got trend alignment to the upside for H4, H1, M30 & M15 timeframe.


- Entry time 12:45pm




31 Oct 2023

30 Oct 2023 (Trade Example): USDJPY

 USDJPY short trade on 30/10/23

- Currency strength


- Trade classification, C


- Note: missed this trade as I somehow hesitated to take it. I was monitoring this pair but fail to execute, my mistake.
- Profit should be taken immediately as this trade was C trade.






3 Sept 2023

1 Sept. 2023 (Trade Example): USDJPY

 USDJPY long trade on 1/09/23

- NFP was released at 8:30pm, an opportunity for along trade occur after the news released. As all USD group show significant strength and also all pairs in JPY group shows weakness, thus a long trade was a possible to consider at that particular time.


- Entry time around 9:45pm
- Possible max. profit of 1.66R
- Note: next trading day may give another opportunity for a pullback trade depending on how price will pull back.





30 Aug 2023

29 Aug 2023 (Trade Example): USDJPY

 USDJPY long trade on 29/08/23

- Fundamental shows USD strong and JPY was weak. Price pullback to support area.

- Correlation also shows USD stronger than JPY. The correlation during entry as per chart below.


- Price broke out from consolidation area and pullback towards support area.


- Entry, around 6:00pm


- Trade need to be manage as there was important news release around 8:30pm and 10:00pm
- Max. possible profit 4.04R




12 Aug 2023

10 Aug 2023 (Trade Example): USDJPY

 USDJPY long trade on 10/08/23

- The whole JPY group was weak and each pairs broke yesterday session high. Got probe during New York session.


- Entry time 9:00pm
- Entry timeframe 15 minutes.
- Max. possible profit 8.3R


11 Aug 2023

10 Aug 2023 (Trade Example): USDJPY

 USDJPY long trade on 10/08/23

- Trade based on session break. Price broke Asia session during New York (9/08/23). On 10/08/23 price started to pullback and entry opportunity can be spotted during Asia session. With the assistance of currency strength meter this was a possible trade to enter.



- Entry time 8:00am
- Entry timeframe M15
- Possible max. 3.55R






3 May 2023

3 May 2023: USDJPY

 USDJPY short trade on 3/5/23

Pre-Analysis


- JPY shows strength with possible absorption volume set up. There was also change in behaviour from downtrend to uptrend.
- Volume was climactic.


Entry

- Time of entry 2:58pm
- Risk 0.25%
- Exit plan: TP @ around 3R profit


Post Analysis

- Closed with profit. Exit when price hit my exit plan. Will not be able to monitor USD interest rate decision.
- Some spike of price during news event (ADP NFP result) but I manage to stay calm and hold my trade. At that particular time I already move my stop to breakeven.
- Next support area probably at 134.500 but I already decided to close as per my exit plan.


- Closed at 2.88R profit, max profit end of day 4.71R
- Price volatile during FOMC news event, in some cases it might stop out a trade.