8 Dec 2024

6 Dec 2024 (Trade Example): AUDJPY

 AUDJPY short trade on 6/12/24

- Trade based on H1 timeframe.

- Strength meter AUD = -7, JPY = +7

- Watchlist: 

* Sell: AUDUSD, AUDJPY, NZDJPY


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


- Note: I lost for this week. But there was plenty of good trade that I missed. I need to focus on my trading plan don't easily get distracted! 


7 Dec 2024

5 Dec 2024 (Trade Example): EURAUD

 EURAUD long trade on 5/12/24

- Trade based on H1 timeframe 

- Overall strength meter EUR = -3, AUD = -7

- Strength meter

- Entry time 9:00pm (New York session)


5 Dec 2024

4 Dec 2024: EURGBP

 EURGBP short trade on 4/12/24

Pre-Analysis:

- Trade based on H1 timeframe.

- Strength meter EUR = -5, GBP = +2

- Exit plan was to take this trade for 2R. 

Entry:

- Entry time 4:45pm (London session)

- Immediate strength meter 


Post Analysis:

- Stopped out.
- Not all pairs of EUR show weakness and also not all pairs of GBP show strength. Therefore it should not be taken.
- Very itchy hand to trade.
- There was something I learn from Jesse Livermore, "it never was my thinking that made the big money for me. It always was my sitting".


- Strength meter at the end of trading day




3 Dec 2024

2 Dec 2024: USDCAD

 USDCAD long trade on 2/12/24

Pre-Analysis:

- Trade based on H4 timeframe. Strength meter was USD = +1, CAD = -2

- Plan to target for 2R.

Entry:

- Entry time 10:29pm (New York session)

- Immediate strength meter 



Post Analysis:

- Scratch trade on 3/12/24 around 12:04pm because I am feeling this price will hovering around this level and might hit my stop.

- Price didn't advance as what I hope and it is best to avoid lost.

- Will see if price still has potential to rise on next trading day (3/12/24).

- Should I consider to take profit at 1R as the overall strength meter didn't show significant strength between USD and CAD. That was a better decisions than this very tiny win.

- Strength meter USD and CAD for entire trading day.

- All currencies strength meter