29 Sept 2021 (Trade Example): NZDUSD

 Trade example NZDUSD short trade.

- Trade has potential to give 5.85R profit.

- Trade also performed smoothly from the beginning.

- I was stuck with unproductive task of handling parcel for delivery. The time of entry at around 5:30pm I was on the way to wait for delivery guy.

- Time has been wasted and very good trade was missed. WHAT A LOSS!!!

28 Sept 2021: GBPUSD

 GBPUSD long trade base on Wyckoff VSA principle.

Pre-Analysis:-

- Climactic volume appear as shown on the chart.

- Price broke higher than wide spread bar.

- Pullback happen, entry can be taken on no supply setup.

Entry:-

- The no supply (ns) bar appear 2 times.

- First bar the test was failed

- Second bar also the test failed.

- Entry made base on assumption that effort (ef) as the hint that price might go higher.

Post Analysis:-

- Assumption of effort bar (ef) as hint was wrong.

- Price attempt to go high but eventually went back.

- I was lucky to close trade with small profit.

- Never assume anything, stick to pre-define setup, in this case success test after no supply (ns) bar.

- If test failed than take no trade, stay aside.

27 Sept 2021: GBPNZD

 GBPNZD long trade base on Wyckoff VSA principle.

Pre-Analysis:-

- Climactic volume & wide spread bar as marked with arrow.

- Price broke high of wide spread bar 2 times. 2nd time it test high of wide spread bar.

- Price hold at high of wide spread bar.

- Entry could be at no supply bar that show success test.

Entry:-

- No supply bar with success test appear, entry after success test bar.

- Entry price: 1.94802

- Time: 1:00pm

- Position Size: 0.47

- Risk: 1% 

- Stop: 1.94592 (21 pips)

Post Analysis:-

- Exit at 1.95476 (4:35pm) (67 pips)

- Roughly 3.19R profit

- Exit made out of fear, fear of price might drop back.

- Proper exit need to be execute. No indicator sign of weakness appear therefore trade should not close at that time.

- Should trade be carry foreword potential of 4.77R profit can be made.

 

24 Sept 2021 (Trade Example): NZDCAD

 NZDCAD long trade base on Wyckoff  VSA principle.

Pre- Analysis:-

- Uptrust (sign of weakness) with very high volume as shown with red arrow mark.

- Price broke low of uptrust bar and confirm the weakness.

- Pullback happen, price move up to low of uptrust bar.

Entry:-

- Entry with no demand bar.

- Confirm no demand bar with change of behaviour to downside

- Stop maybe be place right above no demand bar.

- Profit can be trail for max.

Post Analysis:-