17 Sept 2021 (Trade Example): AUDNZD

 AUDNZD long trade base on cheese trade.

Pre Analysis:-

Session Breaks Strength:- AUDNZD (+6 / -2)

Fundamental:- News event show AUD weaker than NZD. This may give conflict as session breaks show AUD stronger than NZD.

Trading Plan:-

Trade Classification:- C trade

- As C trade class, take profit at 1R only.

Post Analysis:-

- This trade able to give max 1.09R profit.

- Type C trade should be taken with extra careful. Look at price after hit 1R, it drops significantly.

- Need very close monitoring for this kind of trade.

- If no other choice of trade available, then this trade could be alternative.

16 Sept 2021 (Trade Example): AUDNZD

 Trade example on 16 Sept 2021, AUDNZD short trade base on cheese trade.

Pre-Analysis:-

Session Breaks Strength:- AUDNZD (-2 / +6)

Fundamental:- News event for NZD show strength, GDP q/q (2.8% / 1.1% / 1.4%). For AUD news show weakness.

Trading Plan:-

Trade Classification:- A trade

- Wait for digestion, inability for price to go up & finally range that forming close to market opening Frankfurt / London.

- Reminder, reading digestion must from M15 timeframe.

Post Analysis:-

- Max profit 2.33R

- Trade smoothly went to intended target of 2R.

- As a reminder please make prep sharp, at least 30 minute before Frankfurt opening.

15 Sept 2021 (Trade Example): AUDJPY

 AUDJPY short trade base on cheese trade

Pre-Analysis:-

Session Breaks Strength: Trade (1) AUDJPY (-2 / +6), trade (2) AUDJPY (-2 / +7)

Fundamental:- no news event for both currencies.

Trading Plan:-

Trade Classification:- B trade

Trade (1) entry:-

Post Analysis:-

- In real trade please don't read digestion from M3 timeframe, read from M15 timeframe. Slow down or finish of digestion must be seen on M15 timeframe.

- Trade (1) is totally wrong from point of reading digestion.

- Look that trade took out your stop then finally went down

- Trade (2) is the correct spot to enter, after digestion and inability for price to go up then range forming.

- Max profit for trade (2) 2.66R

14 Sept 2021 (Trade Example): GBPJPY (long trade)

 GBPJPY long trade base on pullback & correlation

Pre-Analysis:-

Correlation:- GBPJPY (13 / 5), clearly GBP stronger than JPY.

Market Territory:- Buyers

Trading Plan:-

Post Analysis:-

- Max profit 1.99R

- The real problem is how to exit trade for profit / max profit.

- If take profit at previous swing high, then profit will be around 1R only.

- If let the market play then when to actually closed it.

- After touch the previous high, price try twice to go up but failed.

- I if wait longer, then look at what price did, it plunge lower.

- Therefore I need to plan carefully for exit.