5 Mar 2023

3 Mar 2023 (Trade Example): CADJPY

 CADJPY short trade on 3/3/23




- VSA chart system: -



- Entry time 7:25pm
- Max profit 4.06R (until end of trading day)


- Note: Missed this trade as I plan to wait for New York session open. I prepared for this trade and aware that trade may came but missed it. Next time I must take into consideration a trade may happen before New York open as well.












3 Mar 2023

2 Mar 2023: EURJPY

 EURJPY short trade on 2/3/23

Pre-Analysis



- Currency strength & correlation: -


Entry

- VSA chart system: -



- Entry time 5:56pm
- Risk 0.25%

Post Analysis

- Scratch this trade
- When price went against my entry, then I started to lost hope that this trade was right.
- Emotional note: taken trade when my mind distracted by other things, i.e., coffee time. Trade also taken out of FOMO.
- On correlation aspect, look at the strength chart EUR still stronger than JPY, then why took a trade? That me to be blame for taking this trade.
- Direction might be right, technical aspect might be right but I'm wrong on TIMING.
- Be patience on timing the entry.


- Update: this trade can give profit should I time it correctly.
- Entry time should be around 10:25pm
- This can give max 1.98R profit with holding this trade until next trading day.


- VSA chart system: -


- Currency strength: -















1 Mar 2023

28 Feb 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 28/2/23



- VSA chart system: -



- Entry time 9:30pm
- Max profit 6R until end of trading day
- Trade supported by major news event related to CAD (GDP m/m)

- Update: -


- As at end of 1/3/23 trading day possible max profit increase to 11.84R





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