23 Aug 2022

22 Aug 2022: EURUSD

 EURUSD short trade on 22/8/22

Pre-Analysis:-

- EUR was the weakest currency across the board. All EUR pairs broke the Asian session.



- Trading during New York session.
- Target at 2R profits.




Post Analysis:-

- Trade hit intended 2R profits target.
- Emotional state, confident on this trade and took trade with less fear.
- Waiting period was a big test, wait from London session until New York.



- Trade has potential to gain more than 2R profits, but at this moment I just trade with 2R. When my trade results show consistency, then I will change my exit strategy to try capture the optimum profits.













20 Aug 2022

19 Aug 2022 (Trade Example): CHFJPY

 CHFJPY long trade on 19/8/22

- CHF shows strength as majority of it pairs broke Asian session.



- Trading during London session, approx. entry time 6:45pm



- Trade able to gain 2R profits.








19 Aug 2022 (Trade Example): USDJPY

 USDJPY long trade on 19/8/22

- USD shows strength as majority of its pairs broke previous New York trading session.



- Entry during London session, approx. time of entry 2:50pm



- Trade able to give 2R profits.
- If trade managed accordingly profits could be more than 2R.








19 Aug 2022

18 Aug 2022 (Trade Example): EURCAD

 EURCAD short trade on 18/8/22

- EUR currency shows weakness as all it pairs broke Asian trading session. The only factor that may prevent this trade to work was correlation meter as CAD only slightly strong compared to EUR. In this case if I still want to trade, then my target should be at 1R only.



- Trade during London session, approx. entry time 9:25pm



- Trade able to achieve 1R profits.
- Overall profits could be more than 2R.