JPY is in a buying mode currently as seen on the 1H and 4H, so now that I have freed up some margin**.
I am selling USDJPY because I feel that it is the strongest among all the JPY pairs in my watchlist. It is also trending with the 60SMA on the 4H, 1H and 15 Minutes Time Frame.
As I entered on an impulse wave aka Push. I am expecting that price might turn back on a pullback aka Pull. And it would be visible on the chart when the Stochastic 20,1,1 shows overbought. And there I would have my limit sells in place to catch the "falling knife".
I might also place market orders in when I feel that it warrants an additional sell position.
That's all for now I am going to do some food deliveries so that Anthony Tan could pay off his mortgage on that GCB, or else he would have to sleep on the streets of Orchard Road (crying emoji).
**(most of my margin is untouched even though I have 8 or so positions opened.)
1212SGT 29112024
Add : 25.85$ SGD used for margin for 5 open positions. And margin available is currently at 188.04$ SGD.
I began the week with 213.5$ SGD and currently am sitting on 213.83$ SGD, all while risking 1cent SGD per pip.
1215SGT 29112024
I am selling USDJPY because I feel that it is the strongest among all the JPY pairs in my watchlist. It is also trending with the 60SMA on the 4H, 1H and 15 Minutes Time Frame.
As I entered on an impulse wave aka Push. I am expecting that price might turn back on a pullback aka Pull. And it would be visible on the chart when the Stochastic 20,1,1 shows overbought. And there I would have my limit sells in place to catch the "falling knife".
I might also place market orders in when I feel that it warrants an additional sell position.
That's all for now I am going to do some food deliveries so that Anthony Tan could pay off his mortgage on that GCB, or else he would have to sleep on the streets of Orchard Road (crying emoji).
**(most of my margin is untouched even though I have 8 or so positions opened.)
1212SGT 29112024
Add : 25.85$ SGD used for margin for 5 open positions. And margin available is currently at 188.04$ SGD.
I began the week with 213.5$ SGD and currently am sitting on 213.83$ SGD, all while risking 1cent SGD per pip.
1215SGT 29112024
Trade closed manually
Exited all two positions manually.1st : -0.14cents + -0.01cents (commission) = -0.15cents SGD
2nd : +0.30cents + -0.01cents (commission) = +0.29cents SGD
+0.29cents - (-0.15cents) = +0.14cents PROFIT.
Don't see the need to let price continue going back and forth, so, I took what I could and ran.
Money is money. I told my events retail sportswear boss who have the distribution rights for china's sports brand back then, 361. That was in 2011. He was distributing salary, and he gave me and additional 50cents more. The manager told him he given me extra. I'm like, bruh. I'm no beggar. Take back your 50cents.
Of course, I didn't say that. He said it's ok (and ask me to keep that 50cents) I replied, "No. Money is money." I was 17 back then.
2136SGT 02122024
I returned him that 50cents.
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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.