1 Dec 2022

30 Nov 2022: USDCAD

 USDCAD long trade on 30/11/22

Pre-Analysis:-


- Support on (H1) chart but it was not visible on higher timeframe (D1), this may take as B trade classification.
- VSA chart:-


Entry:-


- Entry time 1:15am (1/12/22)
- Risk 0.5% (B class trade)

Post Analysis:-

- Trade closed with stop out (full risk loss)
- I did not take into consideration there was speech by Fed Chairman, Jerome Powell which effect the price.
- During Powell speech price reverse and hit my stop.
- Need to consider important speech in the future, better not to trade during that event.
- All the process look good but one missing element that I overlook cause me a loss trade.
- Better next time for sure.


















30 Nov 2022

29 Nov 2022 (Trade Example): AUDUSD

 AUDUSD long trade on 29/11/22

- AUDUSD at support level for H1 (but this not an important level as D1 did not see this level). This can be C classification trade.

- VSA chart:-


- Entry:-


- Time of entry 9:45am (M15)
- Max profits 3.45R
- Risk 0.25% (C trade)
- Trade classification: C trade (SOS without confirmation, price not at important level)






29 Nov 2022 (Trade Example): CADJPY

 CADJPY short trade on 29/11/22

- This short trade was much better than trade that I took with USDJPY short.


- Trade at resistance level (H1) but on higher timeframe (D1) it was not an important level, so it need to take with caution.

- VSA chart:-


- Entry:-


- Time of entry 4:45pm
- Max profits 5.69R (M15)
- Risk 0.5% of account balance (B trade)
- Classification: B trade (not at important level of resistance, SOW with confirmation)








29 Nov 2022: USDJPY

 USDJPY short trade on 29/11/22

Pre-Analysis:-


- In downtrend, but not at important resistant level.
- VSA chart:-


- Trade classification, B trade (SOW with confirmation but not at important level, price also show change in behaviour).

Entry:-


- Entry time 3:15pm
- Risk at 0.5% of account balance (B trade)

Post Analysis:-

- Scratch this trade for small profits.
- Stop level should be lower so that risk-reward will bigger.
- Emotion at time of entry was stable and calm, this is good (show some improvement).
- Area of improvement in term of pair selection, I will post separately how CADJPY pair for a short trade performed way better than USDJPY.
- How this trade ended:- (max profits only 0.65R)