27 Nov 2024

26 Nov 2024 (Trade Example): CHFJPY

 CHFJPY short trade on 26/11/24

- Trade based on H1 timeframe.

- Strength meter CHF = 0, JPY= +4

- Watchlist:

* Sell (EURCHF, EURJPY, CHFJPY)

- Immediate strength meter


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


Update: (28/11/24)






23 Nov 2024

22 Nov 2024 (Trade Example): USDCHF

 USDCHF long trade on 22/11/24

- Trade based on H4 timeframe and wait for pullback setup.

- Overall strength meter reading was USD = +7, CHF = 0


- Entry time 5:00pm

- Strength meter during entry:


- note: this pair was in my watchlist on this day. I even check this setup just before it was launch to the upside around 5:00pm but hesitated to enter. I was not well prepared, need focus at the very top level otherwise this kind of trade will continue slipped away from me.

- Strength meter recorded for entire trading day:


- This trade has potential to hold until it make a new high and only exit when price show inability to rise higher.





21 Nov 2024

19 Nov 2024: EURCAD

 EURCAD short trade on 19/11/24

Pre-Analysis:

- Trade based on trend pullback using H4 timeframe.


- Strength meter shown equally strength between EUR and CAD currency. 



- This made trade should only focus for a quick profits of any and should not be hold for a new low.

- Full watchlist of this day:-
* Buy: EURCAD (counter trend)
* Sell: EURCAD
CADCHF & CADJPY (counter trend)

- EURCAD was in both buy and sell watchlist, this trade need to trade with very extra careful.

- Strength meter of that day:-


Entry:

- Entry time 4:02pm



- Immediate strength meter:-


- I set a 2R profit target, stick to my plan.

Post Analysis:

- Got profits smoothly.
- Good execution.
- This trade can be consider to take profit at previous low. But as I am sticking to my plan, 2R profits consider acceptable.
- Mentally prepared to accept if this trade not working out.


- Update (23/11/24): trade able to reach max 15R profits at the end of trading week. Price drop to the low until 1.44855 level.




16 Nov 2024

15 Nov 2024 (Trade Example): GBPUSD

 GBPUSD short trade on 15/11/24

- Trade based on H1 timeframe. USD currency was still the most strongest. Pullback on H1 timeframe shown sign of buyers unable to increase anymore. Trade also influenced by news event related to USD (retails sale m/m).

- Watchlist:

Sell (GBPUSD/ EURUSD)

- Strength meter


- Entry time 10:00pm (New York session)


- Immediate strength meter