15 Sept. 2022 (Trade Example): EURGBP

EURGBP long trade on 15/9/22 based on both anticipation and momentum trade.

- Strength meter for anticipation trade:-

- Strength meter for momentum trade:-

- Here was how all the EUR pairs reacted during entry on momentum trade.

- One discretion applied to EURCHF in this case, while the others shown similarity.

- Update:- as at 19/9/22 EURGBP continue to push higher

 

15 Sept 2022: AUDJPY

 AUDJPY long trade on 15/9/22 based on momentum trade.

Pre-Analysis:-

- AUD was the strongest currency across the board. All AUD pairs broke NY session.

Entry:-

Post Analysis:-

- Trade ended with loss, but I able to scratch it before it hit stop.

- This trade did not back-up by anticipation trade nor any important news release.

- The only things was a correlation in term of AUD broke the New York session.

- Decision made to exit:-

- Price broke below my stop. Good that I scratch this trade.

- This trade also can be avoided. My entry still in a mess.

- Below was all of AUD pairs during entry, notice the other pairs did not have similar characteristic with AUDJPY. GBPAUD was off, it went up rather showing to go down.

- Try to get an entry with all or majority pairs have similar character.

 

13 Sept 2022 (Trade Example): NZDCHF

 NZDCHF short trade on 13/9/22 based on cheese trade.

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

- Approx. time of entry 10:54pm (during New York session).

- Trade able to give 2.89R profits max.

Update:-

- All of NZD pairs when entry happen.

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