#002 Daily Time Frame Continuous Bar EURUSD Sell
As usual, this is my do nothing strategy which I don't give much thoughts about. I think, especially when it is small account with small risk. And I have other things to distract me, so, I allow these trades to play out. Small loss, breakeven, small profit or hit full TP or Full SL.
Hitting full stoploss or full TP is harder because I trail my stoploss to the previous day's positive expected outcome's swing low (for longs, vice versa).
So, besides this trade, I also have the XAGSGD running. I will be shifting the stop loss whenever the previous day's bar closes in the green, and not shift it when it is in the red. I might not shift the stop loss if the green isn't very strong, such as a topside rejection doji but in green, like the XAGSGD's previous days green candlestick.
That's all for now, time for coffee.
1109SGT 22112024
Hitting full stoploss or full TP is harder because I trail my stoploss to the previous day's positive expected outcome's swing low (for longs, vice versa).
So, besides this trade, I also have the XAGSGD running. I will be shifting the stop loss whenever the previous day's bar closes in the green, and not shift it when it is in the red. I might not shift the stop loss if the green isn't very strong, such as a topside rejection doji but in green, like the XAGSGD's previous days green candlestick.
That's all for now, time for coffee.
1109SGT 22112024
Trade closed manually
Closed EURUSD for a small loss of 14cents. On Friday's close, I was in profit of about 46cents (1$ = 1R).
I am thinking if it would be wise to take profit whenever I want to based on experience and intuition because money is money. Idiots would let fishes that they have netted all swim away (breakeven) and even causing the net to have a big hole which needs repairing (drawdown).
1507SGT 25112024
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.
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.