Forex Trading Journal

8 Nov 2024

AUDCHF long trade on 6/11/24

- Trade based on counter trend or reversal using H4 timeframe.

- Entry time around 4:00pm (London session).

- Trade setting up while some results of US presidential election 2024 came out.

- This based solely on technical chart, I didn't have immediate strength meter recorded.

EURNZD long trade on 5/11/24

Pre-Analysis:-

- Daily chart

- H4 timeframe, that was the time I thought V formation formed.

- State of market that time was an upward channel, and price somewhere near the bottom channel.

Entry:-

- Entry time 9:02am (Asia session)

- Immediate strength meter

Post Analysis:-

- V formation was not there, or at least not a clear cut V formation.

- Never enter a trade without V formation.

- Mistake again, stop this blunder or you will lost your account. This is your last account, make it please.

USDCAD long trade 1/11/24

Pre-Analysis:

- Trade based on H4 timeframe. Tried to capitalize on pending news release, NFP.

Entry:-

- Time of entry 2:41pm

- Immediate strength meter

Post Analysis:-

- Lost trade.

- State of market was in channel, and my entry right at the top of channel which need to break this channel inorder to give me profit.

- Price unable to break channel.

- My mistake didn't consider state of market at all.

- Should focus more on trending state market.

- Next trade I will consider state of market in my pre-analysis process.

GBPUSD short trade on 31/10/24

- Trade based on H4 timeframe.

- Entry time around 9:45pm

- Immediate strength meter

- Note: I was looking at this trade but missed it, lack of focus cost me to miss this opportunity.