27 Jan 2023

26 Jan 2023: EURCHF

 EURCHF short trade on 26/1/23

Pre-Analysis



Entry


- Entry time 6:05pm
- Risk 0.25%
- Exit plan: exit at approx. 0.99300 level (previous support area)

Post Analysis

- Scratch the trade.
- Feel that price may not drop from here.


- Update on price as at 8:54pm 27/1/23











26 Jan 2023

25 Jan 2023: GBPCHF

 GBPCHF short trade on 25/1/23

Pre-Analysis



Entry



- Time of entry 5:50pm
- Risk 0.25%
- Exit at previous support area (previous low)

Post Analysis

- Exit with loss
- Full risk loss
- Stop triggered as I believe as part of liquidity issue during Asia opening hours. My stop filled even though price was still below that level.


- Update: price on 27/1/23. It clearly shows this trade not working.
















24 Jan 2023

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