2 Dec 2024: USDCAD

 USDCAD long trade on 2/12/24

Pre-Analysis:

- Trade based on H4 timeframe. Strength meter was USD = +1, CAD = -2

- Plan to target for 2R.

Entry:

- Entry time 10:29pm (New York session)

- Immediate strength meter 

Post Analysis:

- Scratch trade on 3/12/24 around 12:04pm because I am feeling this price will hovering around this level and might hit my stop.

- Price didn't advance as what I hope and it is best to avoid lost.

- Will see if price still has potential to rise on next trading day (3/12/24).

- Should I consider to take profit at 1R as the overall strength meter didn't show significant strength between USD and CAD. That was a better decisions than this very tiny win.

- Strength meter USD and CAD for entire trading day.

- All currencies strength meter 

29 Nov 2024 (Trade Example): EURJPY

 EURJPY short trade on 29/11/24

- Trade based on H1 timeframe.

- Strength meter EUR = -5, JPY = +7

- Immediate strength meter:

- Entry time 8:00am (Asian session)

- All pairs strength meter:

- Note: I should started my day around 6:00am. This will make me prepared to trade on Asian session when setup appears. Asian currency tend to setup during this session. Missed opportunity again!

26 Nov 2024 (Trade Example): CHFJPY

 CHFJPY short trade on 26/11/24

- Trade based on H1 timeframe.

- Strength meter CHF = 0, JPY= +4

- Watchlist:

* Sell (EURCHF, EURJPY, CHFJPY)

- Immediate strength meter

- Entry time around 8:00pm (New York session)

Update: (28/11/24)

22 Nov 2024 (Trade Example): USDCHF

 USDCHF long trade on 22/11/24

- Trade based on H4 timeframe and wait for pullback setup.

- Overall strength meter reading was USD = +7, CHF = 0

- Entry time 5:00pm

- Strength meter during entry:

- note: this pair was in my watchlist on this day. I even check this setup just before it was launch to the upside around 5:00pm but hesitated to enter. I was not well prepared, need focus at the very top level otherwise this kind of trade will continue slipped away from me.

- Strength meter recorded for entire trading day:

- This trade has potential to hold until it make a new high and only exit when price show inability to rise higher.