12 Feb 2023

10 Feb 2023 (Trade Example): USDJPY

 USDJPY short trade on 10/2/23



- Time of entry 3:00pm
- Max profits 5.34R


11 Feb 2023

7 Feb 2023 (Trade Example): EURGBP

 EURGBP short trade on 7/2/23



- Entry time around 9:00pm
- Max profits 8.83R (hold trade until 10/2/23)





10 Feb 2023

9 Feb 2023: GBPAUD

 GBPAUD long trade on 9/2/23

Pre-Analysis


Entry


- Entry time 4:40pm
- Risk 0.25%
- Exit plan, TP @ 1.74575 for approx. 2.09R

Post Analysis

- Closed trade for breakeven.
- Reason for close, I saw price pullback toward my entry point and to protect from loss.
- Price went up again after touch around my entry point, I loss opportunity to make profits again.
- Mastering trade exit is a must now.


- Price after I closed this trade













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)