8 Jan 2025: NZDUSD

 NZDUSD short trade on 8/1/25

Pre-Analysis:

- Strength meter NZD = -2, USD = +4

- Exit plan at 2R profit, with $10 risk.

Entry:

- Entry time 4:04pm (London session)

- Immediate strength meter

Post Analysis:

- Price dropped as expected.

- Took this trade calmly, I have checked everything I need to check.

- Feel confident on this trade.

- There was another trade that give great risk to reward compared to this trade, GBPCAD short. I documented it on other post.

- Keep this momentum moving in the hope to get my account balance back to initial level before thinking to reach 6% profit target.

- Update (12/1/25)

7 Jan 2025 (Trade Example): EURCHF

 EURCHF long trade on 7/1/25

- Strength meter, EUR = 0, CHF = -3

- Entry time around 3:35pm 

- Trade influenced by news release related to CHF currency (CPI m/m).

- Immediate strength meter 

6 Jan 2025: CADJPY

 CADJPY long trade on 6/1/25

Pre-Analysis:

- Strength meter CAD = +5, JPY = -1

- Plan to take profit at 2R

Entry:

- Entry time 11:00pm (New York session).

- Immediate strength meter

Post Analysis:

- Another scratched trade.

- Lost confident as price dropped below entry price after a brief surge up. Decided to take a lost on this.

- Price able to reach my 2R target. 

- Can't do much as I'm not confident to hold on this trade.

- Still can't trade confidently and consistently.

- Not important whether you are right or wrong. How much money you make when you're right and how much you lose when you're wrong the most important.

31 Dec 2024 (Trade Example): NZDUSD

 NZDUSD short trade on 31/12/24

- Strength meter NZD = -5, USD = +7

- Entry time around 8:00pm

- Immediate strength meter