31 Jan 2023 (Trade Example): EURGBP

 EURGBP long trade on 31/1/23

- Entry time 5:05pm

- Max profits 5.51R

- Trade based purely on technical criteria, no correlation factor involve.

- Entry chart: -

31 Jan 2023: EURCAD

 EURCAD long trade on 31/1/23

Pre-Analysis

- CAD currency correlation. But this still not showing any clear information on CAD weakness.

Entry

- Time of entry 5:04pm

- Risk 0.25%

- Exit plan: TP at recent high, Stop at max 0.25% of account balance loss.

Post Analysis

- Finally scratch the trade.

- Exit with miniscule profit.

- No support of correlation.

- No sign of technical indicator to support this entry.

- Overall ok with trade management. Avoid loss this time.

- Price level after I exit the trade

- I found another pair EURGBP for long trade that has success. Chart on another journal post.

25 Jan 2023 (Trade Example): CADCHF

 CADCHF short trade on 25/1/23

- with influence of CAD overnight rate news release this pair was a suitable pair to trade combined with divergence set up. time of entry around 10:00pm

26 Jan 2023 (Trade Example): GBPJPY

 GBPJPY long trade on 26/1/23

- entry time approx. 9:45pm

- max profits 1.89R