18 Jan 2025

17 Jan 2025: AUDUSD

 AUDUSD short trade on 17/1/25

Pre-Analysis:

- Currency strength meter AUD = -1, USD = +5

- Risk $10, target profit 2R


Entry:

- Entry time 8:30pm


-  Immediate strength meter 



Post Analysis:

- Another scratched trade.
- Had to as immediate strength meter show USD suddenly dropped it strength. While AUD gaining strength rapidly.
- No guess, no hesitation just scratch as I don't want to lose more.
- Lucky got tiny profit, if not sure $10 will gone.


- Immediate strength meter when I scratch this trade



- This trading week I gain total of $15.92 profit. My account balance is $4894.
- Need another $102 to get back at original $5000.

16 Jan 2025: GBPUSD

 GBPUSD short trade on 16/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, USD = +5

- Risk $10, target 2R profit.

Entry:

- Entry time 4:34pm (second trade in the chart)


- Immediate strength meter 



Post Analysis:

- Scratch trade at around 5:30pm time.
- As strength meter show GBP gaining significant strength, I decided to scratch this trade.
- Price did drop a little bit after I have scratched trade but reverse back up and will trigger my stop if I stayed in trade.
- Decision to scratch was correct.
- I'm in a state of euphoria after winning trade in the Asia session, this give me super confident to take this trade.
- Look back at immediate strength meter, there was not a significant difference between GBP weakness and USD strength, therefore I should not take this trade if we look in hindsight.
- Lucky to lose minimum amount.



17 Jan 2025

16 Jan 2025: GBPJPY

 GBPJPY short trade on 16/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +5

- Following yesterday trade on this pair, I saw an opportunity again to short. After analyzing all the data and information I decided to trade this during Asian session.

- Risk $10, exit plan at 2R profit level, scratch this trade if data from immediate strength meter doesn't support this trade anymore.


Entry:

- Entry time 9:12am (trade was the second in this chart)


- Immediate strength meter 



Post Analysis:

- Preparation was good. This time I'm totally focus. Check everything to ensure I didn't miss this opportunity.
- Feel so good to catch this smooth trade. Need more of this kind of trade and consistently profit from it. Surely I'm on my way to recover this account.
- Often I missed trade during Asian session. But not today. Happy.




16 Jan 2025

15 Jan 2025: GBPJPY

 GBPJPY short trade on 15/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +2

- Exit plan at 2R profit level.

- Aware of important news release related to GBP (CPI y/y)


Entry:

- Entry time 3:05pm just after news release.

- Immediate strength meter 



Post Analysis:

- Have to scratch this trade.
- Strength meter shown GBP gaining strength, feeling that price might reverse at least for this day.
- The decision was correct as price did reverse towards my stop. This save me a few bucks.
- Wait for possible re-entry.