27 Sept 2021: GBPNZD

 GBPNZD long trade base on Wyckoff VSA principle.

Pre-Analysis:-

- Climactic volume & wide spread bar as marked with arrow.

- Price broke high of wide spread bar 2 times. 2nd time it test high of wide spread bar.

- Price hold at high of wide spread bar.

- Entry could be at no supply bar that show success test.

Entry:-

- No supply bar with success test appear, entry after success test bar.

- Entry price: 1.94802

- Time: 1:00pm

- Position Size: 0.47

- Risk: 1% 

- Stop: 1.94592 (21 pips)

Post Analysis:-

- Exit at 1.95476 (4:35pm) (67 pips)

- Roughly 3.19R profit

- Exit made out of fear, fear of price might drop back.

- Proper exit need to be execute. No indicator sign of weakness appear therefore trade should not close at that time.

- Should trade be carry foreword potential of 4.77R profit can be made.

 

24 Sept 2021 (Trade Example): NZDCAD

 NZDCAD long trade base on Wyckoff  VSA principle.

Pre- Analysis:-

- Uptrust (sign of weakness) with very high volume as shown with red arrow mark.

- Price broke low of uptrust bar and confirm the weakness.

- Pullback happen, price move up to low of uptrust bar.

Entry:-

- Entry with no demand bar.

- Confirm no demand bar with change of behaviour to downside

- Stop maybe be place right above no demand bar.

- Profit can be trail for max.

Post Analysis:-

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.