8 Feb 2023: GBPUSD

 GBPUSD long trade on 8/2/23

Pre-Analysis

- Correlation view shows USD in weaker mode.

Entry

- Entry time 3:43pm

- Risk 0.25%

- Exit plan, TP at previous swing high @ 1.22000 for approx. 4.11R

- Technical note: no divergence confirmation on 5 min chart, all based on correlation of USD became weaker.

Post Analysis

- Scratch this trade with small profits.

- Price went back to entry point, decided to scratch

- How to hold onto this trade? price back up after I scratched this trade and able to hit very close to 1.22000 (initial exit TP) on 9/2/23.

- The decision to hold/scratch/break even, this still need mastering. Mastering the EXIT!!!

- Price after I close trade

- Below is GBPCAD long trade that performed way better than GBPUSD. It also has confirmation of divergence in 5 min chart. I should trade this pair instead of GBPUSD.

- Entry time 3:45pm

- Max profits 8.05R (hold until next day)

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.

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.

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.