17 Apr 2022

15 Apr 2022: AUDCHF

 AUDCHF long trade on 15/4/22

Pre-Analysis:-


- Trend shows this pair was in uptrend.
- Correlation however not in the group of the strongest nor the weakest currency. Hence I decided to reduce the risk to only 0.5% of account balance.
- I decided to still took the trade as I am lack of decent trade along this week.



Entry:-


Post Analysis:-

- I closed the trade with loss.
- This trading day in public holiday (Good Friday), banks mainly closed business therefore liquidity was very low, no active activity in the market.
- Spread also widen a little bit compare to normal business day.
- Lesson, never trade if public holiday impact the amount of activity in the market, market will not move on the absent of big banks.














12 Apr 2022

11 Apr 2022: AUDJPY

 AUDJPY long trade on 11/4/22

Pre-Analysis:-

- Price trending up with correlation also shows AUD was the strongest currency. This entry based on pullback and supported by VSA principle.



Entry:-


Post Analysis:-

- Trade closed with loss. However I managed to reduce it loses
- It was not good to loose.




Update:-

- There was a trade that can give possible profit on CADJPY for long trade.
- Setup was appeared early on Asia session, that mean before AUDJPY setup.
- I missed this trade as I need to settle other things on the morning and unable to monitor the market.
- This trade able to give 1R profit.
















7 Apr 2022

4 Apr 2022 (Trade Example): AUDCHF

 AUDCHF long trade on 4/4/22

- Trade based on trend alignment to the upside for daily, 4 hour and hourly timeframe. This trade supported by correlation as AUD was the strongest currency compared to other major currencies.


- Trade went smoothly to the upside, also supported by major news release of AUD interest rate decision.


6 Apr 2022

5 Apr 2022: CADJPY

 CADJPY long trade on 5/4/22

- Trade based on CADJPY biased to the upside with trend alignment on daily, 4 hour and hourly timeframe.

- Correlation also backed this trade as strength number for CAD = +4, JPY = -7


- I took profit as equity reach $ 10015 and this qualify me to get free challenge on FTMO account.


Post Analysis:-


- Decision to took profit was a right decision as price after that struggle to break higher.
- After a few attempt, price finally went down. This will effect the profit if I did not take those profit.