12 Nov 2024

11 Nov 2024: CADCHF

 CADCHF long trade on 11/11/24

Pre Analysis:

- Trade based on H4 timeframe. But I need to be very careful as price at the top of range referring to daily chart

- H4 chart

- Strength meter


- Exit plan: try to ride this trade until price ranging in H4 timeframe.

Entry:

- Entry time 4:02pm


- Immediate strength meter


Post Analysis:

- Scratch this trade, reason: feel very valnarable as I mess up with entry. As price turn back I feel worried that this trade may not work.
- Should entry around price 0.63049 this gave me confident to hold on.
- Little bit late in entry as I am occupied with my son's therapy activities. Very difficult to handle 2 works at the same time.
- Trade may work but price keep turn back towards entry point. This may influence my decision.




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.