7 Sept 2021 (Trade Example): EURJPY

 Trade example on 7 Sept 2021. EURJPY long trade base on trend pullback and correlation trade.

Correlation:- EURJPY (8 /4)

3 Sept 2021(Trade Sample): NZDCAD (long)

 Trade sample NZDCAD, long trade. Trade base on technical analysis.

3 Sept 2021: CHFJPY (long trade)

 CHFJPY long trade base on technical.

Pre-Analysis:-

Correlation:- CHFJPY (4 / 1) very close correlation

Market State:- price traded on range state, but I saw the range started to slow and may broke upside

Trading Plan:-

- I notice the inability for range to go down this time

- Wait for sign of breakout to the above for entry.

- Entice by surge up as marked on the chart above, I made an entry

Entry:- 120.393 (4:02pm)

Stop:- 120.243 (15 pips)

Lot Size:- 0.73

Risk:- 1% ($ 100)

Exit:- the next landmine / previous drop area, approx. a little bit higher than 1R.

Post-Analysis:-

- WHAT A BAD TRADE!!!!

- This trade did not work.

- I should only focus on pullback trade base on correlation and cheese trade only.

- My reading of price this time was totally wrong.

- I believe this small range that develop, with probe and price try to breakout was the spot for entry.

- My mood was good (as yesterday trade work well) when I enter that position,  

- No other option at time of this trade.

- I hate when I lost.

- Another frustration point was, there is trade that work very well on this day. I will post on trade sample, both NZDCHF (cheese trade) & NZDCAD (pullback technical trade).

2 Sept 2021 (Trade Sample): USDCAD (short)

 Trade sample on 2 Sept 2021. USDCAD short trade base on cheese trade.

Pre-Analysis:-

Session Breaks Strength:- USDCAD (-4 / +1), CAD stronger than USD

Fundamental:- no news event for both currencies.

Trading Plan:-

Trade Classification:- C trade

Post Analysis:-