15 Mar 2023

14 Mar 2023: EURNZD

 EURNZD short trade on 14/3/23

Pre-Analysis



- Currency strength & correlation: -


Entry

- VSA system chart: -



- Entry time 7:25pm
- Risk 0.25%

Post Analysis

- Stop out. Got spike on the important news event related to US CPI data.
- Should careful when correlation was tight and pending important news event.
- More of try my luck trade.


- Price after stopping out









14 Mar 2023

13 Mar 2023 (Trade Example): NZDCAD

 NZDCAD long trade on 13/3/23



- VSA chart system



- Entry time 7:00pm
- Max possible profit 3.43R








13 Mar 2023

13 Mar 2023: GBPJPY

 GBPJPY long trade on 13/3/23

Pre-Analysis



- Strength meter & correlation: -



Entry

- VSA chart system: -



- Entry time 2:55pm
- Risk 0.25%
- TP plan @ 165.101

Post Analysis

- Scratch the trade.
- Close with approx. half of the risk taken.
- I saw correlation started to change and JPY getting stronger across the board. This led me to scratch this trade to minimize loss.
- In my opinion everything was correct, until correlation started to change.


- VSA chart system also show something that price about to reverse it course.


- Price after I scratched the trade












 












9 Mar 2023

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).