1 Mar 2023

28 Feb 2023: NZDCHF

 NZDCHF long trade on 28/2/23

Pre-Analysis



- Strength meter: -


Entry

- VSA chart system: -




- Entry time 11:02pm
- Risk 0.25%
- Exit plan, TP @ 0.58300 for approx. 2R profit.

Post Analysis

- Hit TP 
- Note on emotion during trade, a little bit chaos and unstable. This resulting in entry not at the best price. Can get a little bit lower price.
- Stop need to consider for a little tight for better risk-reward.
- Missed more profits as price went up beyond 0.58300.
- Overall, on trade direction I got it right but need improvement on controlling my emotion during time to enter a trade.
- Need more improvement on taking profits, so far often missed a big chunk of profits.


- There was a better trade than this, NZDCAD long trade and it supported by major news event related to CAD (GDP m/m)
- Update: -


- If this trade hold until end of 1/3/23 trading day max profit will be 4.9R









26 Feb 2023

24 Feb 2023 (trade Example): CADCHF

 CADCHF long trade on 24/2/23




- VSA chart system


- Entry


- Time of entry 11:55pm
- Max profits 3.86R




24 Feb 2023

23 Feb 2023 (Trade Example): EURCHF

 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







23 Feb 2023

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.