Forex Trading Journal

19 Apr 2022

AUDJPY long trade on 19/4/22 based on VSA

Pre-Analysis:-

- AUDJPY in uptrend. The pair also in trend alignment for daily, 4 hour & hourly timeframe.

- Correlation also support this trade as JPY was the weakest currency.

- Plan to take profit at the previous high (resistance area), price already move up significantly and may correct deeply.

Entry:-

Post Analysis:-

- I closed the trade as planned, profit took at previous high.

- I decided so because I think this move already a secondary move before deep correction happen.

- Price in actual move higher a little bit and reach max profit of 3R.

- After that price retrace and could hit trailing stop loss if I used it. The amount was approx the same as my exit point.

CADJPY long trade available on 18/4/22. Trade based on VSA.

- Trend alignment established on daily, 4 hour & hourly timeframe.

- Correlation also support this trade. CAD was in the second strongest currency while JPY in the weakest currency.

- Update (20/4/22)

- This trade able to give 10R profit.

- I missed again.

EURAUD long trade on 18/4/22 based on BBMA trade.

Pre-Analysis:-

- There was a signal for price to continue go up.

- Waiting for retest that failed to breach MA & Mid BB.

Entry:-

Post Analysis:-

- Trade closed with loss.

- Loss has been reduced a little bit, as I moved stop a little higher.

- One element was missing, I did not check whether 4 hour chart has same retest at MA.

- The rules are: 1 hour chart retest that failed to breach MA & Mid BB, 4 hour chart it need to touch MA (retest MA).

- I did not follow this rules, I broke the rules.

- Below is trade that follow both rules and it can give me huge profit.

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.