#003 GBPCHF DCA Short
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 prematurely for a smaller win or a premature exit loss that eventually became a win without me, but all is ok.
As long as I keep my account alive, I could get into another trade.
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 prematurely for a smaller win or a premature exit loss that eventually became a win without me, but all is ok.
As long as I keep my account alive, I could get into another trade.
Note
For all my trades labeled as DCA, I do not use stop losses, but rather, exit based on my feeling about the market. 1650SGT 18112024Note
Quick note, I didn't plan on hedging GBPCHF against my #002 DCA USDCHF trade. I just randomly picked this pair and it just so happen to have CHF in it, and that I am trading in the opposite direction of the USDCHF trade.
Luckily though, I didn't make a buy on the GBPCHF otherwise both of it would be in drawdown now.
2152SGT 18112024
Trade closed: target reached
Only one Sell Limit got triggered throughout the trading period, and the TP has been triggered successfully.
Profited 0.38cents SGD with a commission of 0.01cent. I realised that I gotten a positive swap of 0.03cents in the morning at 6am SGT.
So, to round it off, I would say that this trade has net me 0.4cents SGD.
1732SGT 19112024
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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.