Forex Trading Journal

24 Feb 2023

EURCHF long trade on 23/2/23

- Entry: -

- VSA chart system: -

- Currency strength, it shows possible shift of EUR getting stronger relative to CHF.

- Also noticed CHF get weaker for the last 24 hours.

- Entry time 3:35pm

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.

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

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).