#003 GBPCHF DCA Short
Updated
Meanwhile, the USDCHF trade I am currently in is going against me in the south direction, I am looking to enter on GBPCHF towards the south direction.
I have placed a couple of Sell Limit orders preemptively for when price goes against me.
I will also be shifting the TPs if price goes against me all by guestimation, experience and intuition. I could be exiting prematurely for a smaller win or a premature exit loss that eventually became a win without me, but all is ok.
As long as I keep my account alive, I could get into another trade.
I have placed a couple of Sell Limit orders preemptively for when price goes against me.
I will also be shifting the TPs if price goes against me all by guestimation, experience and intuition. I could be exiting prematurely for a smaller win or a premature exit loss that eventually became a win without me, but all is ok.
As long as I keep my account alive, I could get into another trade.
Note
For all my trades labeled as DCA, I do not use stop losses, but rather, exit based on my feeling about the market. 1650SGT 18112024Note
Quick note, I didn't plan on hedging GBPCHF against my #002 DCA USDCHF trade. I just randomly picked this pair and it just so happen to have CHF in it, and that I am trading in the opposite direction of the USDCHF trade.
Luckily though, I didn't make a buy on the GBPCHF otherwise both of it would be in drawdown now.
2152SGT 18112024
Trade closed: target reached
Only one Sell Limit got triggered throughout the trading period, and the TP has been triggered successfully.
Profited 0.38cents SGD with a commission of 0.01cent. I realised that I gotten a positive swap of 0.03cents in the morning at 6am SGT.
So, to round it off, I would say that this trade has net me 0.4cents SGD.
1732SGT 19112024
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