4 Aug 2022 (Trade Example): EURNZD

 EURNZD short trade on 4/8/22

- Correlation wise NZD stronger than EUR, and EUR was the weakest currency across the board. Target profit for this trade could be 2R. Entry during Asian session approx. time 8:40am

Update:- 

- Trade able to give 2R profit.

- I missed this trade due to lack of preparation on Asian session.

- I hesitate to take this trade as I am late to do my analysis. Start early then.

2 Aug 2022: EURGBP

 EURGBP short trade on 3/8/22

Pre-Analysis:-

- In term of correlation, GBP stronger than EUR but in very close to each other. Hence this trade I will take profit once it reach 1R, with TP set after the trade executed. 

- Entry during London session but very close to New York opening.

- TP set at 1R only.

Post Analysis:-

- Trade closed with profit, 1R as per trading plan.

- This trade able to give up to 2R profit as shown on the chart below.

- But I stick to my original plan, as data from correlation shows both EUR & GBP got very close correlation value.

- Entry comment:- be careful on timing, this trade I made a bit early, should wait for a range develop clearly and let price show you that it can break that range area to the downside, that is the safest and most conforming.

- I recorded it on the chart below:-

1 Aug 2022: GBPUSD

 GBPUSD long trade on 1/8/22

Pre-Analysis:-

- GBP stronger than USD on correlation reading. USD remain the weakest currency across the board.

- Entry during London session. 

- Plan to take profit at 2R and set TP.

Post Analysis:-

- Trade ended with profit approx. 2R

- Trade went smoothly. This trade I took with proper plan and patiently wait for correct timing.

- I feel confident in this trade.

- This trade also has potential to give more than 2R profit, but I leave it to take profit at 2R for now until I can hit somewhere 4% profit out of account size ($ 6000).

29 Jul 2022 (Trade Example): NZDCHF

 NZDCHF short trade on 29/7/22

- CHF currency fall in strong correlation but NZD just slightly week compared to CHF, thus this trade should aim at only 1R target profit. Entry during London session, approx. time of entry 5:30pm. Finally this trade able to give 1R profit.