22 Sept 2022

20 Sept 2022 (Trade Example): EURUSD

 EURUSD short trade on 20/9/22



- Time of entry 7:42pm
- Max profits of 2.3R


21 Sept 2022

20 Sept 2022 (Trade Example): GBPNZD

 GBPNZD long trade on 20/9/22 based on momentum trade.

- Majority of GBP pairs show strength based on 5 pairs broke Asia session. The other 2 pairs did not break Asia session but not showing weakness either. So we can consider this pair for a long trade.


- Strength meter


- Entry:-



- Trade able to give 1R target profits.






20 Sept 2022

19 Sept 2022 (Trade Example): GBPNZD

 GBPNZD long trade on 19/9/22 based on momentum trade backed by anticipate trade.

- NZD was the weakest currency across the board. Previously GBPNZD was set up for a long trade based on anticipate trade.


- For a momentum trade here is the chart:-


- Strength meter also show NZD was the weakest currency


- Entry also supported by correlation, all NZD pairs broke Asia session.











19 Sept 2022: CHFJPY

 CHFJPY long trade on 19/9/22 based on anticipate trade.

Pre-Analysis:-

- CHF currency was the strongest currency, while JPY was the weakest currency across the board. CHFJPY now enter a pullback mode, and first attempt to make a new high was failed. Now it enter a better price to buy and try to make a new high. Price also seem to be on a money spot area. Divergence also strengthening this kind of trade. I classified this trade as B trade.


Entry:-


- Entry during London session, time of entry 6:03pm
- Risk 0.5% of account balance
- Target, will let profits run if any, will see how price performed when hit previous high.

Post Analysis:-

- I scratch this trade, as progress was very slow.
- Thinking of this might not be ready yet.


- Here is chart where price might hit my stop, thus scratching this trade seem a good decision.


- Will monitor this pair next day 20/9/22 if any opportunity for entry.