7 Sept 2022

6 Sept 2022 (Trade Example): CADJPY & USDJPY

 CADJPY and USDJPY long trade on 6/9/22

- JPY was the weakest currency across the board. All JPY pairs broke Asia session.


CADJPY:-



- Trade able to give 2R profits.
- Max profits around 9R.
- Entry time around 7:09pm

USDJPY:-



- Trade able to hit 2R profits, max profits around 5.5R
- Time of entry 7:15pm










6 Sept 2022

6 Sept 2022 (Trade Example): AUDJPY

 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 (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.




Update:-

- Here was how this trade looks afterward.
- My decision to cut loss was right, and this prevent bigger loss.