23 Jan 2023 (Trade Example): AUDUSD

 AUDUSD long trade on 23/01/23

- Trade based on correlation. AUD shown strength as majority of AUD pairs broke Asian session range.

- Entry:-

- Time of entry approx. 11:15pm (New York session)

23 Jan 2023: EURGBP

 EURGBP long trade on 23/01/23

Pre-Analysis

- Price at support and divergence appeared.

Entry

- Time of entry 3:39pm

- Risk 0.25%

- Exit plan, exit at the next level (previous drop)

Post Analysis

- Exit with profit.

- This trade entered with FOMO, noticed I am under pressure when price did not move as I expected.

- Price only move the next day under influence of some important news event. News release related to GBP flash manufacturing/services PMI.

- This shows news release play important role when come to market moves.

- I should wait until the next day to enter the trade, this let me avoid so much pressure waiting for market to move.

- Price after I exited the trade

- Much better pair to trade was GBPCAD short trade. Trade can be entered also on 23/1/23

 

 

18 Jan 2023 (Trade Example): USDCAD

 USDCAD long trade on 18/01/23

- Based on divergence USDCAD trade on the long side

- Time of entry around 11:45pm

12 Jan 2023 (Trade Example): AUDJPY

 AUDJPY short trade on 12/01/23

- Yen got pullback and ready for possible up move. (Timeframe H4)

- In this case we can go for AUDJPY short trade, this shows JPY was strong. AUDJPY at resistance level as shown below.

- Now we need to ensure buyer loss control and shift for seller domination.

- Timing of entry

- Entry time: 10:45am

- Max profits of 4.45R

- Trade may need to hold until next day.

Note: I missed this trade as I am not confident enough on the timing part. I am waiting for another push up that failed but price just went down straight away.