ProfessionalDuckHunter

ProfessionalDuckHunter

I wanted to short CADJPY just now when price was at the weak up channel, however, on the higher time frame, especially the Daily, price was above the 60SMA, so, I thought to myself, I might sell it later if I get some extra confirmations in some form, for example, strong selling pressure. Now, price has collapsed downwards and so I decided to sell into this...

ProfessionalDuckHunter

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...

ProfessionalDuckHunter Updated 

I just woke up from my hour-long nap and I was awoken from the alert that I set on TradingView regarding my TP level getting hit. It was on a previous trade on the GBPCHF short which netted me about 40cents SGD. After the alert, I began looking for setups passively, and scrolling through the Daily Time Frame somewhat, and I saw that EURCAD was dumping, I checked...

ProfessionalDuckHunter 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...

ProfessionalDuckHunter

I have been testing on and off using the Continuous Bar rules with tweaks here and there for about 1 year plus. Even though it is quite easy to do, but I didn't have much results to show for because my screenshots and records are here and there. But now is never too late. Today's trade is confluence with Kumo Bounce. I will be recording my records here...

ProfessionalDuckHunter

I have entered on USDCHF with all my units at 100. However, even though the pip size and the value per spread isn't the same. I am thinking that 100 units is not 100 units of my account's currency, but rather, it is a measurement of the US currency. I did a check online to see if the conversion rate is correct or not, and it is slightly misaligned. but it is ok....

ProfessionalDuckHunter Updated 

Entered when price came back to the 60sma, and confluence with the stochastics 20,1,1. I will be adding into my losers when price comes back to the pre-marked levels as shown in the chart. Every pip is 0.01cents, and I do not set any stop loss. I am testing this out on my other fool around account but I hope I do not blow it. Warning regarding News Days Do...

ProfessionalDuckHunter Updated 

Looking at the chart on USDJPY, price has came back to the Ichimoku cloud(kumo) and I am expecting price to bounce off the Kumo, however, I would need some confirmation on the 3 Minutes Time Frame. The Signal I am looking for is that price would move with Higher Highs and Higher Lows. To keep things simple, I would think that entering on the 15 Minutes Time...

ProfessionalDuckHunter Updated 

I call it all as mean reversion because we are a flying piece of rock transiting through space to nowhere, and price is the same. There's no real anchor in price beside the anchor in the minds of the collective, and market movers. Based on the current price action, we can see that price is somewhat overbought, not 100%, and price has made a reversal candle (based...

ProfessionalDuckHunter

Ok, just now I exited the sell trade for NZDCHF testing of mean reversion. However, I quickly realised that price doesn't necessarily respect the 60SMA. And when price does make an oversold or overbought, and that price is moving in a certain direction based on evidence ie. higher high higher low, in this instance, then, we should take that into serious account...

ProfessionalDuckHunter Updated 

Price is overextended and I am entering a Buy market. Stochastics 20,1,1 shows extreme overselling. I think that trading is a logic game. You cannot go against the grain, otherwise you will realise very quickly that you will have a tough time cutting the meat. As my previous entry on TradingView, I also entered on a mean reversion trade and I am just testing...

ProfessionalDuckHunter Updated 

Mean Reversion. WHen price goes in one direction for too far or long, it will tend to collapse back to the average price. Stochastics 20,1,1 shows overbought, Price is tanking, I entered on a sell market. I think this has to be a swing trade where one cannot be greedy. I think that the forex market isn't like the stock market where it can continue trending,...

ProfessionalDuckHunter

I entered on a market buy order when price came back to the 60SMA and stochastic 20,1,1 shown oversold. I am going for the length of the Asian Consolidation as my TP, which is at 2.13R, and I referenced my stop loss just below the previous few candles, but I am not sure if it is too tight. But we shall see.

ProfessionalDuckHunter Updated 

Just testing the Kumo Bounce out. Going for 1R at 0.9%, and 1R trailing stop upon entry at 0.1%.

ProfessionalDuckHunter Updated 

Longed CHFJPY in the morning (now is 10:13pm SGT) after sieving through the JPY pairs in my watchlist(with Continuous Bars and Inside Bars). Price broke out of the Daily Time Frame's Minor Resistance level and continued bullishly in the previous few days. I am going for 2R TP if everything goes well. Might exit manually due to upcoming major news. Reference...

ProfessionalDuckHunter

Area of value marked with diagonal trend line. Previous few times price has respected this trendline's decreasing price level, so, I entered based on it. This pair is being selected after zooming out to the max, and then observing if the price has broken out or not, and if the price is trending or not. And if yes, what angle is the price trending on? In this...

ProfessionalDuckHunter Updated 

Two buy limit orders at pullback. I eyeballed the pullback based on experience by looking at how deep, sharp, strong the previous pullbacks were. Might cancel the order if price goes without us. Us being my team comprising of I me and myself. Say hi, team.

ProfessionalDuckHunter Updated 

Shorting breakout consolidation of EURAUD. Going back to the book, I am trading according to Rayner's MAEE. Market condition, Area of value, Entry, Exit.