30 Oct 2024

29 Oct 2024: GBPJPY

 GBPJPY long trade on 29/10/25

Pre-Analysis:-

- Strength meter GBP = +4, JPY = -7


Entry:-


- Entry time 7:45pm

Post-Analysis:-

- Stopped out as price spike down.

- Should took entry in London session around 4:00pm (as shown on chart above, the red arrow)

- After V formation, the successful test can be noted as price broke the Asian session range.

- Should I move stop to break even as price reached 1R?

- Another lost, when my trade will turn consistent? 

- Update: here is GBPNZD long trade as an alternative, which gave better results.




27 Oct 2024

24 Oct 2024 (Trade Example): GBPNZD

 GBPNZD long trade on 24/10/24

- Trade based on H4 timeframe. Strength meter was GBP = +3, NZD = -5



- Entry time around 8:00pm (New York session)



26 Oct 2024

23 Oct 2024 (Trade Example): GBPJPY

 GBPJPY long trade on 23/10/24

- Trade based on H4 timeframe, strength meter was GBP = +3, JPY = -7



- Entry time around 8:00am (Asian session)

23 Oct 2024

22 Oct 2024: AUDNZD

 AUDNZD long trade on 22/10/24

Pre-Analysis:-

- Trade based on H4 timeframe. Strength meter reading was AUD = +1, NZD = -6


Entry:-

- Entry time 11:25pm 


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).