19 Oct 2021

18 Oct 2021 (Trade Example): USDJPY

 USDJPY long trade

Pre-Analysis:-


- Yen futures show weakness with buying climactic bar (bc) accompanied by ultra high volume.


- USDJPY pair shows it was in uptrend. Any pullback could be potential entry for a long trade.

Entry:-


- As Yen show weakness, than I choose USDJPY for a long trade.
- USDJPY on 15 minute timeframe show selling climactic bar (sc) and also no supply bar (ns) after that.
- It can be use as entry point.
- Time of entry:- 10:00am

Post Analysis:-


- Chart above as at 20 Oct 2021 (2:46pm)
- First trade can be manage to get at least 1R profit.
- Second trade probably a loss trade.
- Third trade show profit. Final profit/loss will be updated base on market condition and signal.
- Update on 21 Oct 2021 (3:11pm), chart below:-


- This trade did not work.

Alternative Trade:-

AUDJPY long trade
Date: 18 Oct 2021
Time: 8:30pm


- Chart as at 20 Oct 2021 (2:49pm)
- Currently at 9.2R profit.
- Update (21 Oct 2021, 3:07pm), chart below


- Max profit of 11R
- Try to get this kind of trade.












12 Oct 2021

11 Oct 2021: AUDCAD

 AUDCAD short trade

Pre-Analysis:-


Entry:-


Time of entry: 1:00pm

Post Analysis:-


- Mistake of no demand (nd) indicator. That no demand bar not belong there, it was above MA which show immediate trend not a down trend.

Below is trade example CADJPY long trade
Time of entry: 11:00am
Potential max profit of 2.77R










10 Oct 2021

8 Oct 2021 (Trade Example): NZDCAD

 This is trade example on 8 Oct 2021, NZDCAD short trade.


Entry:-


- Set up no demand bar (nd)
- Volume very low on no demand bar.
- No demand bar lower than MA, that show immediate trend was down.
- Entry on price 1 pip lower than no demand bar.
- Time of entry 1:00pm
- Potential max profit 5.33R




8 Oct 2021

7 Oct 2021: GBPJPY

 GBPJPY short trade

Pre-Analysis:-


Entry:-


- Entry on uptrust (ut) bar set up.
- After second uptrust bar, price close lower but volume seem only equal to volume of uptrust bar.
- Risk 1%

Post Analysis:-


- Another loss trade.
- Volume after the uptrust bar should higher.
- This might also I read this chart all wrong, price seem to up trending rather than down.
- I have decided to trade with min lot size for the remaining trading day to qualify for repeat account.
- Seem I have difficulties to reach 10% profit within 30 days. I can feel the pressure.
- Keep research and observe the market to make a better trade.
- Still not going to give up, sure I will able to get funded account.


- Below is trade example for USDCAD short.
- Time of entry 6:15pm
- Max potential profit 1.96R