27 Nov 2021

26 Nov. 2021 (Trade Example): GBPJPY

 GBPJPY short trade (example) on 26/11/21


- GBPJPY clearly in downtrend base on trending system shown on the above chart.
- All of JPY pairs show strength.

Entry:-


- Possible profit of max 8.64R





25 Nov 2021

25 Nov. 2021: NZDUSD

 NZDUSD short trade on 25/11/21

Pre-Analysis:-


- On higher timeframe, hourly NZDUSD trending down.
- Previously there is sign of weakness (SOW) upthrust appear. The next bar close lower (downbar) it confirm the SOW.
- Then price went lower and trending system start to show downtrend.
- Wait in lower timeframe, 15 minutes for further SOW before entering.
- NZD group of currencies also weak. Majority of it shows NZD weak.

Entry:-


- Finally SOW appear (no demand) at 2:45pm
- The next bar close lower (down bar) thus confirm SOW.
- Trade can be enter after the confirmation bar.


Post Analysis:-


- Price did drop but it took my stop first


- Other trade that can be profited was AUDNZD long trade



















19 Nov 2021

18 Nov 2021: EURUSD

 EURUSD long trade on 18/11/21

Pre-Analysis:-


- EURUSD shows sign of strength with potentially selling climax.
- Price past trigger number to the upside.
- Change of behaviour is possible with trend system turn green.

Entry:-


- Entry: 1.13300 (12:30pm)
- Size: 0.62 lot
- Risk: 0.5% ($50)

Post Analysis:-


- Loss trade 
- Test failed, I close immediately without waiting for stop.
- Trend was weak as trending system in congestion as shown by diamond system. (refer to H1 chart above).
- Loss about $29.76


- Trade can be a profitable with another entry, same setup which is test (a successful test)











17 Nov 2021

16 Nov 2021: GBPUSD

 GBPUSD short trade on 16 Nov 2021

Pre Analysis:-


- GBPUSD on hourly chart shows downtrend.
- On pullback there was a sign of weakness, upthrust with high volume.
- Wait for further sign of weakness on 15 minutes chart for entry.

Entry:-


- Price drop below upthrust bar and pullback after that.
- Finally a no demand bar appear and entry made just below of that bar
- Entry:-
Time: 9:30am
Lot Size: 1 lot
Risk: 1% ($100)
Stop: 1.34289
- Trade also in conjunction with trending system chart that show downtrend.


Post Analysis:-


- Trade end up loss $100 (hit stop)
- There is a question whether that true no demand bar?, what is no demand bar?
- The next bar after that no demand bar not close lower than it, can it be taken as true no demand?
- Certainly I need TradeGuider software. Look like I am guessing all the indicator in TradeGuider.
- I have to make sure I can afford to purchase the software as soon as possible, it will help me a lot with my trading.