I just closed the USDJPY Sell for a small overall profit but I opened the AUDJPY and sold it instead, now.
I decided to short the AUDJPY because I realised that some pairs have just broken out of the Minor Consolidation on the 15 Minutes Time Frame, and AUDJPY is one of it.
I am entering on a push wave, but if price pulls back and shows and overbought that is lower, I could also DCA at that point.
I have also drawn two horizontal lines where I think that price could retrace back to if the push wave isn't strong enough to push price all the way to TP.
Besides, the TP size is quite big as compared to my usual TP size of 20+ to 40+ pips I think. This AUDJPY TP size is 140.7 pips. But of course, if price isn't moving much I will close the positions as I deem fit.
2156SGT 02122024
I decided to short the AUDJPY because I realised that some pairs have just broken out of the Minor Consolidation on the 15 Minutes Time Frame, and AUDJPY is one of it.
I am entering on a push wave, but if price pulls back and shows and overbought that is lower, I could also DCA at that point.
I have also drawn two horizontal lines where I think that price could retrace back to if the push wave isn't strong enough to push price all the way to TP.
Besides, the TP size is quite big as compared to my usual TP size of 20+ to 40+ pips I think. This AUDJPY TP size is 140.7 pips. But of course, if price isn't moving much I will close the positions as I deem fit.
2156SGT 02122024
Note
As usual, all my positions are 0.01cents SGD per pip unless stated otherwise.My TP will be 1.26$ SGD unless if I move my TP or manually close the positions. If I do any of it, I will be posting about it here.
2159SGT 02122024
Note
Set another 100 units of Sell Limit at the initial sell market's entry point. TP set at 96.766.1202SGT 03122024
face ache after bad neck posture and cracking of jaw (TMJ).
Note
Added two positions of 100 units to 97.505 level as price comes to the next resistance level.In retrospect, I think I was too greedy. Yesterday I was in profit for 70cents+ SGD but I didn't close that position despite me considering it.
I think there might be some extreme ends of profit and loss where I could say, this is it and I am cutting this position off.
1622SGT 03122024
Note
All TP shifted to 96.7781721SGT 03122024
Trade closed: target reached
Messy profit. I think I have a total of 4 positions because I exited at the end at around 96.778 for 4 positions.3 profit and 1 breakeven.
36cents + 36cents + 66cents + 0.00cents + (-0.04cents commission) = 1.34$ SGD #profit
2230SGT 03122024
I think, sometimes I should trust the process and sometimes I shouldn't be too greedy. But what I see over the past 19 trades is that often than not, trusting the process is the way to go because many a times the original TP or the revised TP get triggered but I exited for a small profit or a sizeable loss.
Currently I am sitting on a floating capital of 216.55$ SGD after this AUDJPY trade closed out, and I am in a floating loss of 11cents SGD (excluding commission I think) because the EURUSD trade is still running.
2233SGT 03122024
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.