4 Feb 2023

2 Feb 2023: CHFJPY

 CHFJPY short trade on 2/2/23

Pre-Analysis


Entry


- Time of entry 8:17pm
- Risk 0.25%
- Exit plan TP at previous swing low, Stop set at 0.25% loss from account balance.

Post Analysis

- Exit with small profits
- Here I did mistake when accidently close the trade while running in profits. This terrible mistake by me, next time I need to be very focus and sharp. 
- Trade gone according to my original plan and hit previous swing low.
- Should this trade hold it able to give me 2R profits.








2 Feb 2023

1 Feb 2023 (Trade Example): USDJPY

 USDJPY short trade on 1/2/23

- Short trade purely on technical. No data on correlation but support with news released (FOMC: federal funds rate).



- Entry time 4:25pm
- Max profits 5.31R
- Price moved with support of news release, FOMC.




1 Feb 2023

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.