4 Feb 2025: CADJPY

CADJPY long trade on 4/2/25

Pre-Analysis:

- Trade based on scalping system.

- CAD show strength while JPY group was the weakest currency.

- Risk $10, exit at 1R profit.

Entry:

- Entry time 6:58pm

- Immediate strength meter 

Post Analysis:

- Have to scratch this trade.

- Make a big mistake as I entered a wrong trade size. This should be 0.04 size as I wrongly enter 0.4 lot size.

- I realized this when my position shown loss of around $10 while still far from my stop level. 

- Immediately after I realized my mistake, I close this trade as this might make my loss bigger than my intended risk.

- I'm too rush in taking this trade and made a mistake on enter my position size.

- This trade was very close to my target price. It will depend on how I managed this position to close for a profit or break even.

- Shouldn't made this position size mistake.

29 Jan 2025 (Trade Example): AUDUSD

 AUDUSD short trade on 29/1/25

- Trade based on scalping trading system.

- Correlation check show AUD was the weakest currency across the board.

- On all of pairs AUDUSD seen to be the most suitable for this trade, also supported by an important news release related to AUD CPI during Asian session.

- Time of entry around 5:00pm

- Strength meter

28 Jan 2025: AUDUSD

 AUDUSD short trade on 28/1/25

Pre-Analysis:

- Trade based on trend pullback system

- I have checked with correlation, USD show strength compare to other currency.

- Flow also pointing down.

- Pullback phase believed to complete and ready for a short trade.

- Risk $10, plan to ride this down until recent low.

Entry:

- Made 2 trade for this day.

- First entry time 4:28pm (London session), second entry time 8:06pm prior to New York session.

- Second trade immediate strength meter 

Post-Analysis:

- Scratch both trade. First trade on the same day, while second trade scratched on the next day.

- Timing was wrong.

- Correct timing should be on 29/1/25 during Asian session, prior to news release related to AUD CPI data.

- While second trade give a little bit profit, but I haven't convince on the outcome as my entry price wasn't perfect.

- Here where I should enter on 29/1/25.

- Second black arrow was perfect entry on 29/1/25, as this time buyer was believed to completely gone.

- The first black arrow was good price to time entry for an aggressive trade. This is base on price look unable to make another run up at an area of support. This was riskier but can pay off good profit.

- An aggressive trade on H4 chart

- This trade may give entry on 28/1/25 (same day as my trade), timing around Asia session.

24 Jan 2025 (Trade Example): GBPUSD

 GBPUSD long trade on 24/1/25

Pre-Analysis:

- Trade based on counter trend.

- As GBPUSD direction is down, upon buyers active on this pair to push price higher (this also mean a pullback/deal coming in) we can temporary trade for a long up until max of previous seller area on higher timeframe. In this case daily.

- This need to be a very careful trade.

- We only can consider this if the pullback came in strong, indicating there was buyers pushing this price.

- Strength meter for GBP and USD

Entry:

- Entry time around 10:00am (Asian session)

- The red line in above chart indicate previous seller's area that possible to use as take profit area.

- Immediate strength meter