20 Dec 2021

20 Dec 2021: EURAUD (Long Trade)

 EURAUD long trade on 20/12/21

Pre-Analysis:-

Hourly chart


Trend alignment to the upside (long trade) shown on the other 2 timeframe 30 minutes & 15 minutes.



Entry:-


- Decided to entry after got test and it success as shown on (1) indicator.


- Entry: 1.58774 (buy)
- Time of entry: 3:43pm
- Lot Size: 0.23
- Risk: 0.5% ($50)
- TP: Trailing profit

Post Analysis:-


- Trade closed with a loss of $50.02












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)