6 Sept 2022: EURUSD

 EURUSD long trade on 6/9/22

Pre-Analysis:-

- EUR was one of the strongest currency. Majority of EUR pairs broke New York session.

- Entry during London session. 

- Time of entry 4:02pm

- Risk 0.5% of account balance

- Target at 2R profits.

Post Analysis:-

- I scratch this trade to avoid full loss in this trade.

- As price pull back beyond my entry after brief surging up, I decided to close this trade.

- One element I want to add to my trading plan, now I want to trade with currency which all their pairs broke certain session only.

- In this trade one pair EURGBP did broke New York session but in the favor of GBP not EUR, so in the future I will not trade this currency until all pairs line up with power activation.

Update:-

- Here was how this trade looks afterward.

- My decision to cut loss was right, and this prevent bigger loss.

Trading Result: 29 Aug. - 2 Sept. 2022

 

- Still bleeding. When all this will stop?

1 Sept 2022 (Trade Example): GBPUSD & USDJPY

 GBPUSD short trade and USDJPY long trade on 1/9/22

- USD was the strongest currency across the board. All of USD pairs broke either New York session or Asia session.

- Trade able to give 2R profits.

- Example USDJPY long trade:-

- This trade also able to give 2R profits.

1 Sept 2022: NZDCHF

 NZDCHF short trade on 1/9/22

Pre-Analysis:-

- CHF was the strongest currency. All CHF pairs broke either New York or Asia trading session.

- Entry during London session, time of entry 4:26pm

- Target 2R profits

- Risk 0.5% of account balance.

Post Analysis:-

- Trade ended with loss.

- Full loss.

- Mistake by me on entering this trade.

- Range that developed not broke to the downside, it was broke to the upside.

- Supposed no trade on this.