29 Sept 2022 (Trade Example): EURAUD

 EURAUD long trade on 29/9/22

- Long trade solely based on technical reading of chart. Both currency not in band of strongest nor weakest currency. This may target at 1R only

- Currency strength meter:-

- Entry

- Entry time 3:00pm

- Trade able to achieve 1R profits. However price kept rising and made a new high.

28 Sept 2022 (Trade Example): GBPJPY

 GBPJPY short trade on 28/9/22

- GBP was the weakest currency across the board. GBPJPY came to a resistant and react, this give sign for a short trade. Strength meter also back up this trade.

- Eventually there was a news announcement regarding GBP by Bank of England, here is the news,

- I did not understand or able to elaborate about this event but rather focus on chart, what the chart was telling me. Price spike following this news release and that can give an opportunity for a short trade.

- Trade able to give 4.7R max profit before it reverse completely to the upside.

- I hesitate to trade this as I still worried about the spike event, still has no conviction to take a trade with spike event. But this spike event was a good opportunity to trade actually.

- Time of entry 6:15pm

27 Sept 2022 (Trade Example): AUDUSD

 AUDUSD long trade on 27/9/22

- This trade based on eclipse trade when my trading time frame 1H support and resistant also visible to 4H timeframe. This can be expect a breaking to a new low and we can hold this trade longer. Exit can be based on 1H timeframe (range developing on this timeframe).

- Entry and how to time it

- Entry time 8:00pm (New York session)

- Profits 3.11R based on hourly timeframe. It can go further as shown on the chart.

27 Sept 2022: CADCHF

 CADCHF short trade on 27/9/22

Pre-Analysis:-

- Based on price broke previous day low, I decided to take this trade.

- Strength meter:-

Entry:-

- Correlation when entry was made:-

- Entry time 5:00pm

- Risk 0.5% of account balance

- Target recent low.

Post Analysis:-

- I have to scratch this trade.

- It seem not working. Why? at this point I don't have the answer.

- Feel so bad, my trading results suffer a lot.

- I look at another approach for this pair, it still a short trade but this time entry should be made earlier at target at 1R flat.

- Here is why, this is based on support and resistant area and reading how it works.

- When correlation or strength meter was very tight then we will take 1R profit only just for the sake of trading, we should not expect price to go down hard as there was also no news event around that time.

- Entry time 3:00pm (London session).

Update:-

- Here is the alternative way to look and analyse this pair for a short trade

- This can give us trade on 23, 27 and 28 Sept. 2022

- Trade on 28/9/22