13 Mar 2023: GBPJPY

 GBPJPY long trade on 13/3/23

Pre-Analysis

- Strength meter & correlation: -

Entry

- VSA chart system: -

- Entry time 2:55pm

- Risk 0.25%

- TP plan @ 165.101

Post Analysis

- Scratch the trade.

- Close with approx. half of the risk taken.

- I saw correlation started to change and JPY getting stronger across the board. This led me to scratch this trade to minimize loss.

- In my opinion everything was correct, until correlation started to change.

- VSA chart system also show something that price about to reverse it course.

- Price after I scratched the trade

 

8 Mar 2023 (Trade Example): CADJPY

 CADJPY short trade on 8/3/23

- VSA chart system: -

- Entry time 8:35pm

- Note: missed this trade as I'm off from my trading desk. Should be at trading desk starting at 8:00pm to scan all 28 pairs. This should not happen. Do not lose focus. 

Update: -

- Max possible profit 7.3R, with holding period until 10/3/23.

Update: -

- Max profit 11.29R, trade influenced by important news event related to CAD (employment change & unemployment rate).

7 Mar 2023: USDJPY

 USDJPY short trade on 7/3/23

Pre-Analysis

- Currency strength & correlation: -

Entry

- VSA chart system: -

- Time of entry 4:30pm

- Risk 0.25%

- TP: approx. @ 134.600 for 4R profit.

Post Analysis

- Stop out, full risk.

- Nothing to analyze.

- Just trade not working as USD became stronger.

- Price after stop out

 

3 Mar 2023 (Trade Example): CADJPY

 CADJPY short trade on 3/3/23

- VSA chart system: -

- Entry time 7:25pm

- Max profit 4.06R (until end of trading day)

- Note: Missed this trade as I plan to wait for New York session open. I prepared for this trade and aware that trade may came but missed it. Next time I must take into consideration a trade may happen before New York open as well.