24 May 2023

23 May 2023: CADCHF

 CADCHF long trade on 23/5/23


- Entry time 2:00pm
- Risk: trade with minimum lot size (0.01) as I am waiting of the possibility USDCHF short trade. This made me plan to split the risk rather than taking 1 trade with normal 0.25% risk.
- Exit plan: TP at 0.671 for approx. 5R


Post Analysis

- Stop out.
- Should not be a trade. Price drift lower from initial sign of strength (SOS). On higher time frame price show downtrend, taking long would be a risky trade.
- Price after trade stopped out.





21 May 2023

19 May 2023 (Trade Example): EURCAD

 EURCAD long trade on 19/5/23


- Entry time 2:00pm





18 May 2023

17 May 2023 (Trade Example): GBPUSD

 GBPUSD short trade on 17/5/23


- Entry time 12:00pm (Asian trading session)
- Note: missed this trade, not at my trading desk. I only started my day around 1 hour before Frankfurt open (1:00pm)


17 May 2023

16 May 2023: EURUSD

 EURUSD short trade on 16/5/23

Pre-Analysis


Entry

- Time of entry 8:00pm
- Risk 0.25%


Post Analysis

- Closed this trade with profit.
- However I exited just to recover the lost trade on previous trading day.
- Stop need to be tighten up, use confirmation indicator to place stop in this case use no demand bar and stop can be placed a bit high.


Update: -
- Missed a very good trade. Trade able to give max. 6R profit until 19/5/23. What a miss.