8 Mar 2023 (Trade Example): CADJPY

 CADJPY short trade on 8/3/23

- VSA chart system: -

- Entry time 8:35pm

- Note: missed this trade as I'm off from my trading desk. Should be at trading desk starting at 8:00pm to scan all 28 pairs. This should not happen. Do not lose focus. 

Update: -

- Max possible profit 7.3R, with holding period until 10/3/23.

Update: -

- Max profit 11.29R, trade influenced by important news event related to CAD (employment change & unemployment rate).

7 Mar 2023: USDJPY

 USDJPY short trade on 7/3/23

Pre-Analysis

- Currency strength & correlation: -

Entry

- VSA chart system: -

- Time of entry 4:30pm

- Risk 0.25%

- TP: approx. @ 134.600 for 4R profit.

Post Analysis

- Stop out, full risk.

- Nothing to analyze.

- Just trade not working as USD became stronger.

- Price after stop out

 

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.

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: -