#005 GBPSGD DCA Buy
Updated
I entered on EURUSD just now then realised that I still have USDCHF position opened, and I opened the position with USD buy on both trades. So, I closed the EURUSD short trade I opened just now when I was in 2cents profit, deducting 1cent commission, I still made 1cent profit.
Anyway, as for GBPSGD, the 60sma isn't as clear, but if you were to look from top down view starting on the Daily, then 4H, 1H to 15 Minutes, you would realise that buying in the short term is alright because the price has just bounced off the lower boundaries of the range on the Daily Time Frame.
We shall see.
Currently, I placed 1 market buy and 3 buy limit as marked out on the charts. If I were to add on more positions, I will be updating.
1629SGT 20112024
Anyway, as for GBPSGD, the 60sma isn't as clear, but if you were to look from top down view starting on the Daily, then 4H, 1H to 15 Minutes, you would realise that buying in the short term is alright because the price has just bounced off the lower boundaries of the range on the Daily Time Frame.
We shall see.
Currently, I placed 1 market buy and 3 buy limit as marked out on the charts. If I were to add on more positions, I will be updating.
1629SGT 20112024
Trade closed manually
Exited for -36cents, -6cents and +20cents, totaling 22cents loss.
I exited because I realised that price isn't trending anymore and who knows if price would reach our target.
I will focus on 4H, 1H 15 Minutes 60SMA trend trading instead, and ditch all other setups such as reversals or range trading.
1958SGT 21112024
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