24 August 2021 (Sample Trade): USDCAD (short)

 Sample trade that can be taken on 24 August 2021, USDCAD short trade.

Pre-Analysis:-

Correlation:- USDCAD (1 / 12)

Market State:- price at seller's territory

Session Breaks:- USD broke Asia session with weak sentiment (6 pairs). CAD broke Asia session with strong sentiment (5 pairs).

Fundamental:- a few medium impact news for USD released yesterday (23 Aug 2021), it show weak sentiment for USD.

Trading Plan:-

Trade Classification:- A trade

(correlation, market state, session breaks & fundamental back this long trade, therefore an A class trade was classified)

Entry:-

- pullback details: this pullback happen in 2 stage, first buyer overtaken by seller as marked with (A).

- then price went back up again but unable to make higher high, that is the obvious sign buyers unable to perform.

- consolidation form after that & entry can be taken inside the area.

Post Analysis:-

- max profit around 2R

- unable to monitor this trade and miss it, my mind was not clear yesterday night.

23 August 2021 (Sample Trade): USDCAD (short)

 Sample trade that can be taken on 23 August 2021, USDCAD short trade.

- trade perform immediately after entry point.

- trade able to reach 2R profit smoothly.

- max profit around 3R for that entire trading day.

23 August 2021: CADJPY (long trade)

 CADJPY long trade.

Pre-Analysis:-

Correlation:- CADJPY (9 / 4). stronger for CAD

Market Territory:- price traded under buyer's territory

Session Breaks:- CAD broke NY session with strong sentiment (6 pairs). While JPY broke NY session with weak sentiment (7 pairs).

Fundamental:- news favor CAD as on Friday (previous trading day) data core retail sales (mom) (Jun) was (4.7% / 4.6% / -2.0%).

While on Monday data for JPY services PMI  (Aug) show contraction 43.5 compared to previous release 47.4

Trading Plan:-

Trade classification:- A trade

(all factors back this CADJPY long trade, therefore an A class trade was classified)

Entry:-

Pullback details:- the sell marked with circle, all sell did not perform. until all sell taken out by aggressive buyers and after that price form sort of consolidation. the entry taken inside consolidation area.

Entry:- 86.290 (5:02 pm)

Lot Size:- 0.68

Stop:- 16 pips (86.130)

Risk:- 1% ($ 100)

Exit:- take profit at 2R (86.620), pre-set TP

Post Analysis:-

- entry was good, price immediately went up. happy with my timing.

- at 5:44pm as price went up, I reduce risk to half.

- after price try to come back down toward my entry, price jump back up. this time after price reach 1R profit, I move stop to BE (7.34pm)

- price continue to went up until very close to TP price but went down again. at 7:54pm I lock profit at 1R by moving the stop again.

- finally at 8:27pm price hit my stop and trade close at $ 98.85 profit close to 1R.

- price eventually went up until max of 2.95R for entire session trading yesterday.

- need improvement on exiting the trade.

- one more thing I need to consider put stop tighter as this was an A class trade. this will give better RR ratio. (but this also increasing chances of being hit)

20 August 2021 (Sample Trade): EURGBP & GBPCHF

 Sample trade that can be taken on 20 August 2021, EURGBP (long trade) & GBPCHF (short trade). Both trade was purely technical trade. One additional information is on news fundamental for GBP, retail sales (mom) (Jul) release bad for GBP (-2.5% / 0.4% / 0.2%). This news release give back-up for both trade that show weakness in GBP

EURGBP (long trade):-

GBPCHF (short trade):-

Note:- I am unable to take this trade as the set-up appear at or after midnight.