2 May 2023

1 May 2023 (Trade Example): EURCAD

 EURCAD short trade on 1/5/23



- Entry time 10:00pm


28 Apr 2023

28 Apr 2023: USDCHF

 USDCHF long trade on 28/4/23

Pre-Analysis





Entry

- Time of entry 2:00pm
- Risk: 0.25%
- Exit plan: trailing stop, see if price can break yesterday high.


Post Analysis

- Stop loss.














27 Apr 2023 (Trade Example): CADCHF

 CADCHF long trade on 27/4/23



- Time of entry 7:15pm
- Note: there was another pair, USDCHF with long trade setup but it was safe to choose CADCHF in my opinion as USD waiting for important news release at 8:30pm.









17 Apr 2023

17 Apr. 2023: USDCHF

 USDCHF long trade on 17/4/23

Pre-Analysis

- Possible set up of absorption volume. With USD currency shows strength and CHF currency show weakness.




Entry


- Time of entry 7:15pm
- Risk 0.25%
- Exit plan, TP when sign of weakness appears in hourly chart.


Post Analysis

- Trade closed with profit. Max profit at the end of trading could reach 5.04R
- This time I search high and low for a possible better pair to trade. I checked every single currency chart to see their strength or weakness and from there I picked the most relevant pair to trade.
- I waited for the confirmation indicator to arrive before making this trade. Although at the beginning price went down slightly but I hold to my trade thinking this might have a chance to perform.
- The analysis done with all consideration I could read, the buyers that push the price higher from a decline and also the inability of sellers to push down price further. 
- On technical chart, I waited until price touch the trendline before I made a standby mode and waited for a confirmation indicator.
- This whole process should be my template of every trade.


- Price at the end of trading day