22 Sept 2022

21 Sept 2022: EURNZD

 EURNZD short trade on 21/9/22

Pre-Analysis:-

- EUR was the weakest currency across the board.


- Strength meter



Entry:-




- Entry time 4:27pm
- Risk 0.5% of account balance
- Target 1R
- Entry based on "Cluster of Closes" (COC) signal.

Post Analysis:-

- I scratch this trade as I realised mistake has been made.
- The break of COC not strong but I still entry for this, this was a cardinal mistake and cost me.



- Chart when I scratched this











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.