NZDJPY Broke New Highs
Updated
Now that the buying demand has increased to be beyond what it was "last year", we can now lookout for Black Friday Sale, and if the price offered by Sellers suit our targetted discount %, we can look to get hold of some NZDJPY to sell to the Big Boys for a premium sum who like to get their hands on some sweet sweet NZDJPY.
How I would approach this is by either entering on the Hourly or the 15 Minutes, when Sellers give us a discount, we can see if that discount is worth taking or not. If it is a yes, we could buy and then sell at a higher price to those who have not gotten filled.
Hourly Time Frame thoughts are in the link.
How I would approach this is by either entering on the Hourly or the 15 Minutes, when Sellers give us a discount, we can see if that discount is worth taking or not. If it is a yes, we could buy and then sell at a higher price to those who have not gotten filled.
Hourly Time Frame thoughts are in the link.
Note
Too bad, I can't post link to my Hourly Time Frame's analysis and thoughts because I am not a paying customer.Trade active
Missed my entry signal on the Hourly due to hesitation.Demand JPY is still going south. Will look to enter again when I get a discount.
Trade closed: target reached
Entered NZDJPY twiceEntered two market orders(I think) for Long NZDJPY.
Exited first TP for +0.95R.
Exited second TP manually for +3R.
And then, went on to take another trade on 22nd Feb 2024(After missing out on the entry signal which I missed due to my hesitation.)
First TP for +0.95R.
Second TP for +1.4R.
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In total, I made about 6.85R after commission, in a total of 7 entries on different pairs this week.
I need to rein in my excitement, because now I might be riding on the good side of the market, therefore, I made some improvements.
I didn't make any money, actually. In total, I made 1.37$ SGD, with a total accumulated commission of 0.18$ SGD for both entries and exits.
I kinda regretted not start writing my thoughts on the charts and saving them more earlier this week.
I think it's a hassle to not be able to show the trades closed after the fact because I can't post images, but life is as such.
Today is Friday and I will be easing off the pedal, and also, the NZDJPY has began losing momentum on the Hourly Time Frame, so, I will not be touching it for now until I get another demand for NZDJPY.
Besides, EUR, FR SPX index are going up now. So, I will be shifting my targets to the indices, for next week. Will continue to keep a look out for forex pairs with rising demand, also.
1700SGT
23022024
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