22 Feb 2023 (Trade Example): GBPCAD

 GBPCAD short trade on 22/2/23

- Entry: -

  

- VSA chart system: -

- Entry time 11:40pm

- Max profits at the end of trading day 1.65R, profits may reach beyond that if hold trade until next trading day.

- Reason for missing this trade was, lack of preparation and focus on analysis and pair selection.

- Note: this trade example base only on technical aspect, no data on currency strength and correlation.

22 Feb 2023: GBPUSD

 GBPUSD long trade on 22/2/23

Pre-Analysis

Entry

- VSA chart system

- Strength meter

- Time of entry

- Risk 0.25%

- Exit plan @ 1.21477 (recent swing high) for approx. 1.35R profits

Post Analysis

- Stop out.

- Not working this time.

- Price after closed trade

21 Feb 2023 (Trade Example): CADJPY

 CADJPY short trade on 21/2/23

- VSA chart system: -

- Entry: -

- Entry time 11:00pm

- Max profits 3.06R

- News event CAD on CPI related data. Released 9:30pm

- This example only considers technical aspect and impact on news even only. No data on strength and correlation.

- In real trade it can be consider for half of original risk. (As this trade not supported by currency strength and correlation).

21 Feb 2023: GBPCHF

 GBPCHF long trade on 21/2/23

Pre-Analysis

Entry

- VSA chart system

- Time of entry 4:08pm

- Risk 0.25%

- Exit plan, TP @ previous day high for 1.88R profits.

Post Analysis

- Closed trade with profits 3.79R

- The best trade so far this year. Need more trade like this.

- Follow all trading plan/checklist.

- Need improvement on taking profits.

- I felt my focus was better compared to previous trade.

- Trade impacted by important news event for GBP related to data PMI: flash manufacturing and flash services. Released at 5:30pm

 

- Price after trade was closed

- Got issue with closing trade, feel that trade closed affected by fear, a fear that I might lose these profits.

- Can we use correlation and strength of currency to close trade? If can how can it be done?

- Max possible profits at the end of today's trading day 7.32R

- I missed big profits!