10 Nov 2024

8 Nov 2024 (Trade Example): EURJPY

 EURJPY short trade on 8/11/24

- Trade based on counter trend using H4 timeframe.

- The story was 'store' unable to attract more buyer to buy this, therefore in their mindset they might dumb the products/ give discounts to find buyers.

- We can plan to dumb as well considering price may drop following 'store' mindset.

- Strength meter: 


- Entry time around 11:00am (Asia session)


- Immediate strength meter:


- Exit plan, possible to target previous area where price launch.


8 Nov 2024

6 Nov 2024 (Trade Example): AUDCHF

 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.

6 Nov 2024

5 Nov 2024: EURNZD

 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.



3 Nov 2024

1 Nov 2024: USDCAD

 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.