EURJPY long trade on 30/3/23
2 Apr 2023
30 Mar 2023
30 Mar 2023 (Trade Example): GBPNZD
GBPNZD short trade on 30/3/23
- Scalping trade in 5-minute chart.
- Entry time 1:20pm
- Max profit 4.95R
29 Mar 2023
29 Mar 2023: EURUSD
EURUSD long trade on 29/3/23
Pre-Analysis
- Trend alignment to the upside for daily. 4 hour & 1 hour timeframe. In 15-minute timeframe there was SOS appeared with ultra-high volume.
Entry
- Time of entry 5:15pm
- Risk 0.25%
- Exit plan, trailing profit.
Post Analysis
- Lost trade with full risk.
- If I trade as scalping it may give me some profit. Price went beyond 1R profit then reverse until it stops me out.
- I have no plan for multiple scenarios.
- My mistake was not moving stop to breakeven, and I let price hit my stop. Should get out early to protect trade.- Trend in hourly chart was not clear uptrend, short term trend show congestion, while medium trend show downtrend. No trend alignment occurs.
- Should rewrite trading plan/checklist to include what is trend alignment.
- The next day price when up with very clear direction to the up move. It looks like I got direction right but again my timing was off until the next trading day.
28 Mar 2023
27 Mar 2023 (Trade Example): AUDCAD
AUDCAD short trade on 27/3/23
- Trend alignment to the downside for daily, 4 hour & 1 hour timeframe. In 15-minute timeframe short trade setup with sign of weakness appeared.
- Entry time 6:30pm
- Set up with SOS that failed (SOS in downtrend).
- Max profit 3.35R (at end of trading day)
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