AUDJPY long trade on 6/9/22
- JPY was the weakest currency across the board.
- Trade able to give 2R profits.
- Entry during London session, approx. time of entry 3:12pm
6 Sept 2022
6 Sept 2022 (Trade Example): GBPNZD
GBPNZD long trade on 6/9/22
- GBP was strong across the board, all GBP pairs broke New York session.
- Trade during Asia session approx. time 11:42am
- Trade able to give 2R profits.
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.
- Here was how this trade looks afterward.
- My decision to cut loss was right, and this prevent bigger loss.
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