EURGBP short trade on 7/2/23
- Entry time around 9:00pm
- Max profits 8.83R (hold trade until 10/2/23)
11 Feb 2023
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)
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
- 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.
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