5 Jan 2023

4 Jan 2023 (Trade Example): USDJPY

 USDJPY long trade on 4/1/23

- SOS appeared on 15 min chart.


- Entry


- Entry time 7:30pm
- Max profits 7.92R

Note: reason why I missed this trade, again lack of focus and not prepared for the coming test/no supply that happen around 7pm time ahead of New York opening.






4 Jan 2023

3 Jan 2023 (Trade Example): GBPCAD

 GBPCAD long trade on 3/01/2023

- SOS on 15 min chart.


- Entry


Note: reason why I missed this trade was not enough focus when scanning the market and look for ultra-high volume action. This kind of setup is testing immediately after the buying, so price still did not pierce the high of ultra-high volume bar.

- Entry time 7:15pm
- Max profits 3.38R






1 Jan 2023

28 Dec 2022 (Trade Example): EURUSD

 EURUSD long trade on 28/12/22

- SOS appeared on 15 min. chart


- Entry


- Entry time 5:30pm
- Profits 2.15R (day trade plan), exit at the nearest high.






21 Dec 2022

20 Dec 2022: NZDUSD

 NZDUSD short trade 20/12/22

Pre-Analysis

- NZDUSD 15 min chart got sign of weakness (SOW). Volume was ultra-high. Looking for a short trade.


- Entry


- Time of entry 5:15pm
- Risk 0.25%


Post-Analysis

- I scratched this trade with very small profits.
- Plan to swing this trade, but then during New York session price reverse back towards my entry.
- This made me think this trade will not work and decided to close.
- 2 options I can use, first move stop to breakeven (this trade may survive and will give benefit of swing trade). Second, I can be opted for a day trade, stop might be tighten and take profits at the recent low.
- I am changing my trading style to day trade after this, try to take profits at the region of 2R or 3R only instead of swing for bigger profits.
- Try to realize profits within the same trading day to boost confident.
  

- Update on price chart (21/12/22)


- It seems if I move stop at breakeven this trade still alive.