12 Sept 2022: CHFJPY

 CHFJPY long trade on 12/9/22 based on cheese trade.

Pre-Analysis:-

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

- Strength meter:-

Entry:-

Post Analysis:-

- Trade end up with loss. However I manage to scratch this trade to avoid full loss.

- Here where am I went wrong, technically speaking the spot that I entered was not a confirm break-out of range. It leaves a wick on top (refer to entry chart), that sign of the trade might not ready yet.

- Here is how this same pair should be trade, it happen earlier during Asia session with time of entry approx. 12:18am

Trading Results: 5-9 Sept 2022

 Trading results on 5-9 Sept 2022

9 Sept 2022: AUDUSD

 AUDUSD long trade on 9/9/22

Pre-Analysis:-

- USD was the weakest currency across the board. All USD pairs broke New York session.

- Strength meter 

- Now consider also risk factor, as the higher time frame (universe above) was under seller's territory. So buy in this case will be temporary or counter trend and support by session breaks only. This trade should not be hold longer and will set at fix 2R profits taking.

Entry:-

Post Analysis:-

- Trade hit intended profit of 2R, target has been pre-set.

- This trade I monitor closely as I do not want to loose. I reduce risk as price went on my favor and set to break even when it passed slightly above 1R profit.

- At this point I monitor the small range that develop and ready to close if it show price break below that small range. When price broke above that range I just let the price hit the target.

- I took this trade with high caution as this involve a certain risk as the higher time frame under seller's territory.

 

8 Sept 2022 (Trade Example): USDCHF

 USDCHF short trade on 8/9/22

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

- Trade able to get 2R profits.

- Time of entry approx. 6:18pm