Forecasting EURUSD Short Weekly-W33 (10-Aug-2020)
EURUSD - Short
Date: 10-Aug-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: Forecasted / Executed / Missed / Not take the trade
Was this trade forecasted before : yes / no
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern, continuation, nature, bias
b. 3 touched or more
c. Double top/bottom (2 touched)
d. Arc formed with correction
e. Red/green reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI (min3:1)
g. No FOMO and No rush to place an order
h. Check for candlestick formation
i. Count 1-10 for calming before put order
TRADE ANALYSIS
Content: actual market now, prediction, probability, possibility, nature, trend, structure etc.
Looking at EURUSD, price formed Descending Channel which impulse to downside, which the price will follow the trendline
PSYCHOLOGY
Good overall psychology, please no hurry to make any trade, not much deal with time base, start order now or start order tomorrow, no guarantee today open will always win, better to wait best entry
REASON FOR FORECASTED / EXECUTED / MISSED / NOT TO TAKE THE TRADE
Take risk entry/ market entry with confidence price will go down, well prepare to going up as well since in 4H TF have some wicks below candlestick
TRADE MANAGEMENT
Content: How to take the trade, jump into the market and close the trade
Order triggered already
Risk: about 2%
Plan ROI 1:4-5
EMOTION AND LESSON
Will see the price play out as of my view 1-2 hours after put my order price in 1% profit, happy to see but trade not close yet
Date: 10-Aug-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: Forecasted / Executed / Missed / Not take the trade
Was this trade forecasted before : yes / no
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern, continuation, nature, bias
b. 3 touched or more
c. Double top/bottom (2 touched)
d. Arc formed with correction
e. Red/green reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI (min3:1)
g. No FOMO and No rush to place an order
h. Check for candlestick formation
i. Count 1-10 for calming before put order
TRADE ANALYSIS
Content: actual market now, prediction, probability, possibility, nature, trend, structure etc.
Looking at EURUSD, price formed Descending Channel which impulse to downside, which the price will follow the trendline
PSYCHOLOGY
Good overall psychology, please no hurry to make any trade, not much deal with time base, start order now or start order tomorrow, no guarantee today open will always win, better to wait best entry
REASON FOR FORECASTED / EXECUTED / MISSED / NOT TO TAKE THE TRADE
Take risk entry/ market entry with confidence price will go down, well prepare to going up as well since in 4H TF have some wicks below candlestick
TRADE MANAGEMENT
Content: How to take the trade, jump into the market and close the trade
Order triggered already
Risk: about 2%
Plan ROI 1:4-5
EMOTION AND LESSON
Will see the price play out as of my view 1-2 hours after put my order price in 1% profit, happy to see but trade not close yet
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