23 Sept 2021 (Trade Example): CHFJPY

 Trade example, CHFJPY (long trade) base on Wyckoff VSA principle.

- Background sign of strength as confirm by price broke high of climactic bar as marked with red arrow.

- Price broke climactic bar by effort bar (ef) then immediately test back the high level of climactic bar.

- Price test MA and no supply bar (ns) appear.

- As test of no supply (ns) success, then entry can be made

- Profit of max 3.94R

Below is other example with EURJPY & GBPCAD

EURJPY (long trade)

- This set up almost similar to CHFJPY

- The only different could be trade management. Notice price came back to entry level. If stop move to breakeven then it will close.

- There was another entry spot as marked with arrow (1).

GBPCAD (short trade)

 

20 Sept 2021: AUDNZD

 AUDNZD short trade base on cheese trade.

Pre-Analysis:-

Session Breaks Strength:- AUDNZD (-6 / 0). NZD looks like a neutral currency.

Fundamental:- NZD has news event that show strength from last week.

Trading Plan:-

Trade Classification:- C trade

(NZD looks neutral and news event is from last week data, therefore this trade is C class.)

- Digestion:-

- As C trade I target only 1R profit.

- Risk 1% ($100)

Post Analysis:-

- I scratch this trade as it did not work. But the loss not touch my original stop. (less loss)

- Here where the situation of BRAIN BEEN HIJACKED. My thought only seen this pair only, while there was another pair that set-up better than this.

- Need to scan all pair, it is a must so that I can make comparison between all pairs and choose the best pair to trade.

- Below is NZDCAD for long trade that perform and give huge profit.

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.