15 Jul 2022

15 July 2022: CHFJPY

 CHFJPY long trade on 15/7/22

Pre-Analysis:-

- Correlation factors favor CHF stronger than JPY. But on fundamental CHF on weak sentiment no sentiment gauge on JPY. So this a little bit risky trade.




- Entry during Asian session. I rarely make an entry during Asian session but as I made my preparation early for today, I have decided to take on this as the setup develop..

Post Analysis:-

- I scratch this trade, took loss but not in full.




- Timing was not right. I still believe this trade is setup for an up move. Will see if can make another entry on this.

Update:- (5:05pm)
- Make another entry


- Correlation at the time of trade took place.


- This trade was a mistake, price did not develop any range. I did not have patient to wait for correct setup. I scratch this trade as well.


- Enter a trade, this was a 3rd trade. Time during NY session but this time reduce trade saiz


- Unfortunately this trade also failed and hit stop.



- Overall results for this trading week (11/7-15/7):-


- A positive gain but still cannot cover overall loss. $19.82 gain achieve this week.























14 July 2022 (Trade Example): CHFJPY

 CHFJPY long trade on 14/7/22

- Trade available during Asian session 





14 Jul 2022

11 July 2022 (Trade Example): AUDCAD & EURCAD

 AUDCAD & EURCAD short trade on 11/7/22








13 Jul 2022

13 July 2022: CADJPY

 CADJPY long trade on 13/7/22

Pre-Analysis:-

- Correlation wise CAD stronger than JPY. On fundamental sentiment CAD is strong. Just aware on CAD interest rate release at 10:00pm




Post Analysis:-

- Trade closed with profit of  approx. 1R
- Due to CAD interest rate release the price on CADJPY a little bit volatile, but I hold on to the trade put faith on my analysis.



- Decision to close the rate based on price at that time forming a range, I thought it has possibility to break lower as ranges have tendency to make a break either up or down.

Update:-

- Trade went up higher after a little pullback but I'm already out.


- There was another pair to trade on this day, USDJPY long trade.