Trading Results: 8-12 August 2022

 This week was very disappointed week, I recorded the biggest loss in a week since I started trading with The5ers.

 

12 Aug 2022 (Trade Example): NZDJPY

 NZDJPY long trade on 12/8/22

This trade maybe unable to reach 2R profits, here was the closed market on Friday for this chart.

Alternatively, I can look onto GBP group as this currency was the weakest currency across the board and all the pairs broke the Asian session level.

The pairs that give good trade was GBPAUD going for a short trade.

11 Aug 2022 (Trade Example): NZDUSD

 NZDUSD long trade on 11/8/22

- All USD pairs show extremely weak.

- Correlation also support this trade

- This trade able to gain more than 2R profits.

- I missed this trade as the same time my house was hit by water supply disruption, I have been distracted to prepare for water reserve and unable to monitor market and missed this great opportunity.

SUCKS !!!.

10 Aug 2022 (Trade Example): CADCHF

 CADCHF short trade on 10/8/22 based on cheese trade.

- At this time CHF currency shows strength by breaking price on Asian session. All pairs show same characteristic.