Add : I pasted a screenshot of how price looks like on the 5 Minutes Time Frame at the current swing high.
Price is stabbing the Major Resistance area, so, I guess the market players are content with the current price, and also, volume is sloping downwards, which shows that actually the market is quiet so the price is ranging at the major resistance area.
Would price go in my favour or against me? There's no telling to be honest. All I could do is to manage my trades and what I tell myself in my head.
0318SGT 01042025
==
Shorting USDCHF as price retraces sharply back to the Major Resistance area as shown on the chart.
I am shorting because I think price is being manipulated right now, with the huge spike upwards to the resistance area, institutions are trying to sweep up the liquidity for USD, maybe to buy more stocks as the US stocks is down currently into its 6th week after Trumps win, I think.
I heard that TikTok US is going to be sold to a US firm. Not sure how true it is.
I held my breath for like 10 days or so in the last 10 days of March because I already made some profits in my Oanda mt4 account, and broke even on TradingView paper account.
I'll be taking this trade only for now as a set, and then I would be taking a break. I'll be going for stupid reservist next week. I feel so anxious but no choice.
---
I'll be pasting what I mentioned in Ideas section below.
---
I wanna sell here, but i wouldn't.
I would wait until 12 pm which is in 1 hour 7 minutes later.
I have other pairs on standby which has also touched the Major resistance and Major support already, but I am holding myself back because I promised myself that I would not trade in March anymore after getting +2.9R profit in March after 3 trades on Oanda mt4, and +0.004R profit on tradingview paper trade.
2255SGT 31032025
Just placed a Sell Limit at 0.88504, SL at 0.88737 going for 2R TP at 0.88039.
Some other pairs I am looking at has either gone without me or and in an unstable situation I am not comfortable with, so I am couldn't join them at my preferred price level, or am not going to join them.
CADCHF went without me at the support of the up channel.
EURAUD, USDSGD, GBPCAD, GBPAUD went without me, too bad.
0039SGT 01042025
Will be removing the Sell Limit if price continues without me.
Today is the first day of April so lets relax abit, even though I am actually raring to go.
I didn't get my dopamine from outside today(go do some delivery jobs) so my mental state isn't that stable, so, I better take some time and chill.
0040SGT 01042025
Will be updating the journal if I do enter the sell limit.
Also want to add, if you look at the 5 Minutes time frame, you would see price stabbing at the Major Resistance level, as the institutions are grabbing the liquidity for a push in either directions.
Power move has also been made as they create false demand for USD, coupled with today being Eid Mubarak or Hari Raya, so, the Muslims are not here with us to provide the additional liquidity. (Im from Singapore, and even though it's a chinese majority country, we celebrate Eid as a public holiday. So, there definitely is an impact there for USD, especially when the middle east is on holiday, too.)
0044SGT 01042025
---
Ok I'll be turning off my laptop after I post this in a minute.
0314SGT 01042025
Price is stabbing the Major Resistance area, so, I guess the market players are content with the current price, and also, volume is sloping downwards, which shows that actually the market is quiet so the price is ranging at the major resistance area.
Would price go in my favour or against me? There's no telling to be honest. All I could do is to manage my trades and what I tell myself in my head.
0318SGT 01042025
==
Shorting USDCHF as price retraces sharply back to the Major Resistance area as shown on the chart.
I am shorting because I think price is being manipulated right now, with the huge spike upwards to the resistance area, institutions are trying to sweep up the liquidity for USD, maybe to buy more stocks as the US stocks is down currently into its 6th week after Trumps win, I think.
I heard that TikTok US is going to be sold to a US firm. Not sure how true it is.
I held my breath for like 10 days or so in the last 10 days of March because I already made some profits in my Oanda mt4 account, and broke even on TradingView paper account.
I'll be taking this trade only for now as a set, and then I would be taking a break. I'll be going for stupid reservist next week. I feel so anxious but no choice.
---
I'll be pasting what I mentioned in Ideas section below.
---
I wanna sell here, but i wouldn't.
I would wait until 12 pm which is in 1 hour 7 minutes later.
I have other pairs on standby which has also touched the Major resistance and Major support already, but I am holding myself back because I promised myself that I would not trade in March anymore after getting +2.9R profit in March after 3 trades on Oanda mt4, and +0.004R profit on tradingview paper trade.
2255SGT 31032025
Just placed a Sell Limit at 0.88504, SL at 0.88737 going for 2R TP at 0.88039.
Some other pairs I am looking at has either gone without me or and in an unstable situation I am not comfortable with, so I am couldn't join them at my preferred price level, or am not going to join them.
CADCHF went without me at the support of the up channel.
EURAUD, USDSGD, GBPCAD, GBPAUD went without me, too bad.
0039SGT 01042025
Will be removing the Sell Limit if price continues without me.
Today is the first day of April so lets relax abit, even though I am actually raring to go.
I didn't get my dopamine from outside today(go do some delivery jobs) so my mental state isn't that stable, so, I better take some time and chill.
0040SGT 01042025
Will be updating the journal if I do enter the sell limit.
Also want to add, if you look at the 5 Minutes time frame, you would see price stabbing at the Major Resistance level, as the institutions are grabbing the liquidity for a push in either directions.
Power move has also been made as they create false demand for USD, coupled with today being Eid Mubarak or Hari Raya, so, the Muslims are not here with us to provide the additional liquidity. (Im from Singapore, and even though it's a chinese majority country, we celebrate Eid as a public holiday. So, there definitely is an impact there for USD, especially when the middle east is on holiday, too.)
0044SGT 01042025
---
Ok I'll be turning off my laptop after I post this in a minute.
0314SGT 01042025
Trade active
Shifted my SL to breakeven at 0.88507 after price has move a significant amount which is about +0.9R.There is a significant level price level at around 0.88262 which is the +1R level of our 2R TP.
It is significant because as seen on previous price movements, price came to the level of around 0.88262 and then rebounded back to the major resistance area.
My thinking of why it happened could be
1) Profit taking activities(prophesy) that became the norm.
2) CHF became too expensive to buy per 1CHF compared to USD.
3) Demand for USD since USD became so cheap in a short run. So, they began buying up USD again, in hopes to sell it.
4) The institutions couldn't get USD at a cheaper price so they created false demand for other currency pairs such as CHF, against the USD to drive the price of USD down so they could get more USD at a cheaper price.
5) SPY sell off for the 6th week. Folks are exchanging cash for USD.
6) All of the above, but they are creating a gap in USD's "real value" in order to buy USD to buy stocks and DCA(dollar cost average) since SPY is down "so much", having more cash in hand to "buy the bottom" or DCA is also a opportunity.
Ok, so the above are my analysis for why price would reverse back from the mid point of the range back to the resistance(it could also occur to buys, from the support zone, too)
Support and Resistance are key marketplace areas to watch out for.
Home is always the best, so of course, if the price deviates from what you are used to, you would always recall that pre-covid prices, and hope to get those prices back. So, pre-covid is your key marketplace.
I am staying in Woodlands Singapore, so if I were to order mcdonalds, I would always order from the 5 outlets near me.
Why would I order Mcdonalds from Serangoon or Tampines, or East Coast Park which are like 16km to 24km away from me?
So, the 5 outlets near me with slightly different pricing would be my key marketplace.
The price might fluctuate alittle, depending on which mcdonalds is open right now on my food delivery app, but in the end I know they are what I am familiar with.
So thats on key marketplace, and why price would reverse back up in the middle of the range instead of going down all the way to support in one swift move, often times.
But back to my trades, its ok. I have set price my SL to breakeven. If my breakeven order gets triggered, I am fine because as Kei The Japanese Forex Trader says, "At least I don't lose."
I have placed both my trades in tradingview and Oanda mt4 at breakeven.
I'll go deliver some food later. 1259SGT 01042025
Note
I mentioned in 5) that folks are exchanging cash for USD. I meant to say, folks are exchanging their US stocks for cash which is USD.1301SGT 01042025
Trade closed manually
+1R profit.I manually exited after realising there's a news on jobs at 10pm.
That might be why price is going flatter in the past few hours.
My max run up for this trade is +1.4R profit, and I did set my SL to Breakeven and then to +0.3R profit just now.
It's ok. At least I didn't lose.
+1R profit is still money.(rounded up).
2049SGT 01042025
I will be taking a break. Relax my teas.
2049SGT 01042025
I closed trades from tradingview paper account and oanda mt4 both for rounded up +1R profit.
max run up +1.4R profit.
2050SGT 01042025
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Disclaimer
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.