7 Feb 2023

7 Feb 2023: AUDUSD

 AUDUSD long trade on 7/2/23

Pre-Analysis


- Correlation view for both USD and AUD. It seems that AUD in strong mode while USD in weaker mode.



Entry


- Entry time 4:37pm
- Risk 0.25%
- Exit plan TP around 0.70500 (for approx. 4R profits).
- Technical note: divergence also appeared in 5 min chart (as shown in chart above).

Post Analysis

- Scratch the trade with minimal loss.
- During New York opening session I saw price reverse aggressively and decided to close.
- If I hold, price will hit my stop with full loss.
- Price did respond to upside during New York session (afternoon), but I am unable to monitor as my time here already past midnight. 
- I believe the direction was right but timing not in my favor.


- Price after I scratch the trade.












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: -