AUDNZD long trade on 22/10/24
Pre-Analysis:-
- Trade based on H4 timeframe. Strength meter reading was AUD = +1, NZD = -6
Post Analysis:-
- Scratch trade, this trade should not be taken.
- The immediate strength meter only shown AUD as the strongest currency, while NZD did not in the weakest currency.
- We need both currency group in the strongest and the weakest reading. (I didn't print screen strength reading).
GBPCAD long trade on 21/10/24
Pre-Analysis:-
- Based on H4 timeframe, strength meter was GBP = +5, CAD = +1.
Entry:-
- Entry time 11:04am (Asia session).
Post Analysis:-
- Very impulsive trade, price not even break the range.
- This was purely a hope that price will break that range, which not happening.
- Should not trade this, huge mistake.
- Why not trade USDJPY for a long trade?. Trade was there during New York session.
- Update (26/10/24)
USDJPY long trade on 17/10/24
- Trade based on H4 timeframe. Strength meter was USD = +7, JPY = -5.
Entry:-
- Entry time 2:18pm
Post Analysis:-
- The design looks not as convinced but I took risk to enter this trade.
- This made me in pressure not to hold this trade and decided to close it as price dropped back to my entry level.
- This trade should be able to give me more profits.
AUDCAD long trade on 15/10/24
Pre-Analysis:-
- Trade based on daily time frame. Strength meter as follow AUD = +4, CAD = -5
Entry:-
- Entry around 10:40 am (Asia session).
Post Analysis:-
- Scratch trade. Trade was not ready, able to got out with $7.56 lost from around $12.00 risk (0.25%).
- The decision was good as price drop further. This save account to wait for other set-up.