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#006 Moving Average USDJPY SELL 1644SGT 04042025Add : Shorted on the 5 Minutes Time Frame, but time frame too small to publish on tradingview, so, I posted on the 15 Minutes Time Frame instead. 1648SGT 04042025 --- Trump Tariff caused USD to get dumped yesterday. US stocks also got dumped for 6 to 7 weeks consecutively. If you look at the Daily time frame you would see the big red candle on USDJPY's dump. I was looking at opportunities on all JPY pairs, and I took a liking to USDJPY because I am expecting USD to continue to get dumped. Shorting the resistance level. If you look at price on the 1H or 4H time frame, you would realise price is in a consolidation towards the down side, and I like that. NFP and unemployment rate news coming out later in the day. in about 4 hours time. Current time is 1647SGT. Might exit before the news got released. 1647SGT 04042025
Short
by goh8888lester
#005 USDCHF Moving Average 0308SGT 01042025Add : I pasted a screenshot of how price looks like on the 5 Minutes Time Frame at the current swing high. Price is stabbing the Major Resistance area, so, I guess the market players are content with the current price, and also, volume is sloping downwards, which shows that actually the market is quiet so the price is ranging at the major resistance area. Would price go in my favour or against me? There's no telling to be honest. All I could do is to manage my trades and what I tell myself in my head. 0318SGT 01042025 == Shorting USDCHF as price retraces sharply back to the Major Resistance area as shown on the chart. I am shorting because I think price is being manipulated right now, with the huge spike upwards to the resistance area, institutions are trying to sweep up the liquidity for USD, maybe to buy more stocks as the US stocks is down currently into its 6th week after Trumps win, I think. I heard that TikTok US is going to be sold to a US firm. Not sure how true it is. I held my breath for like 10 days or so in the last 10 days of March because I already made some profits in my Oanda mt4 account, and broke even on TradingView paper account. I'll be taking this trade only for now as a set, and then I would be taking a break. I'll be going for stupid reservist next week. I feel so anxious but no choice. --- I'll be pasting what I mentioned in Ideas section below. --- I wanna sell here, but i wouldn't. I would wait until 12 pm which is in 1 hour 7 minutes later. I have other pairs on standby which has also touched the Major resistance and Major support already, but I am holding myself back because I promised myself that I would not trade in March anymore after getting +2.9R profit in March after 3 trades on Oanda mt4, and +0.004R profit on tradingview paper trade. 2255SGT 31032025 Just placed a Sell Limit at 0.88504, SL at 0.88737 going for 2R TP at 0.88039. Some other pairs I am looking at has either gone without me or and in an unstable situation I am not comfortable with, so I am couldn't join them at my preferred price level, or am not going to join them. CADCHF went without me at the support of the up channel. EURAUD, USDSGD, GBPCAD, GBPAUD went without me, too bad. 0039SGT 01042025 Will be removing the Sell Limit if price continues without me. Today is the first day of April so lets relax abit, even though I am actually raring to go. I didn't get my dopamine from outside today(go do some delivery jobs) so my mental state isn't that stable, so, I better take some time and chill. 0040SGT 01042025 Will be updating the journal if I do enter the sell limit. Also want to add, if you look at the 5 Minutes time frame, you would see price stabbing at the Major Resistance level, as the institutions are grabbing the liquidity for a push in either directions. Power move has also been made as they create false demand for USD, coupled with today being Eid Mubarak or Hari Raya, so, the Muslims are not here with us to provide the additional liquidity. (Im from Singapore, and even though it's a chinese majority country, we celebrate Eid as a public holiday. So, there definitely is an impact there for USD, especially when the middle east is on holiday, too.) 0044SGT 01042025 --- Ok I'll be turning off my laptop after I post this in a minute. 0314SGT 01042025
Short
by goh8888lester
GBPAUD Up Channel 0349SGT 23032025Price is at the upper bound of the up channel now. Even though if we were to short here, it would be contrarian since price is in an up trend, but as we zoom down to the 4H time frame, we can see that on previous price rejections on the upper bound of the up channel, price made M shape or triple tops, and then the price collapsed back down. This time round, price has also made similar rejection patterns and now the price is at a good location for shorting opportunities. I might not be entering on this pair because I want to give myself some space and time to breath, since I broke even on my second set of trading data (4th trade). Shall see. I need to give myself time, really. Good to skip trades that are profitable in hindsight, because we never get hindsight on foresight trading. 0352SGT 23032025 I think I might be good at spotting patterns, but I must be careful not to think that I am very good at it, because if I think I could do better and I try to do alot more to prove it, I will go down the slippery slope of losing trades again, even when I am obviously going to be a profitable trader in the long run.(and I will lose in the long run because I alter my trading rules and conditions, and I enter on the dragons tail instead, and get whipped by the dragon that flick its tail.) 0354SGT 23032025
Short
by goh8888lester
Setups on SGDJPY ; a study 1958SGT 21032025You are a tourist aboard the Disney cruise ship, they docked somewhere for passengers to buy goods for awhile. You have missed the boarding time, and the ship has sailed without you. What do you do? Jump into the water and swim to the cruise, and then board it. Or, would you go to the next docking location which the ship would go to, and board the ship? Hypothetical answers and questions, and I have never been on a cruise ship but it seems very apt. The blue and red lines shows areas where the cruise would have docked at, in its previous voyages. Green line aligning with the moving average shows possible docking points. Do you have the lung capacity to outswim the cruise ship? Would you be able to get the cruise captain's attention even if you managed to swim to the ship? Would the cruise crew even care about you? why would you put yourself in such a difficult situation? You will be missing the boarding time alot in your entire career, so, would you jump into the water everytime you miss the boarding? There's no telling the cruise would go to the next nearest docking points, and luckily for you, if you do miss the boarding, its ok because you didn't pay for the cruise tour either way in the first place, and that's not your ship. You only pay when you board. 2007SGT 21032025 --- In this case, besides knowing when to try to board the ship and when to abandon the ship, another thing is to know when to shift the stop loss to prevent us from losing when we do manage to board the ship, and the ship has sailed a distance and we could begin our on the sea casino. Before the MBS and Sentosa in singapore having casino, there is already legal casino in singapore. Not many people know. It is on the sea casino, and the cruise sails from singapore's harbour to the open sea or nearing Indonesia. Once the ship has been confirmed to be in international waters, the casino business begins. Currently, I am in +1.3R profit. Wouldn't it be stupid to throw all the money away or risk getting caught by the authorities of Singapore or Indonesia when the ship docks at either country? So, when the ship is in either territories, the business has to stop in order to not violate the countries anti vice laws or those kind of ash laws. Now, we are in +1.3R profit, do we move our SL to breakeven? That's a big question I need to think. 2019SGT 21032025 But too bad, I am not a paying member so I couldn't publish the image. tradingview says I need to authenticate myself or something like that. Actually they are just asking for money. Just say so. So, too bad. No images.
by goh8888lester
USDCHF Musical Chair Music Begins! 1613SGT 20032025Yesterday or so, I posted about selling USDCHF but it is risky, and indeed risky it was because the opportunity has been utilised already. We would need to wait for the music to stop and start again before we walk around the chairs, and now, the music has stopped and started, again. Price came back to the 200SMA, to stop the music, and now we have a trend again signalling that the music has begun. Price has made the first significant setup as seen on the chart. I will only be eyeballing because I am testing out my theory. I think I need to see my previous entries in the moving average series, to see what I done right and what I done wrong. Done right = I profited Done wrong = I loss It's not perfect but I think I know what to look out for. Look out for when price is retracing, and I entered that i profited. And look out for when price was in its impulse move and I entered and loss. 1616SGT 20032025
by goh8888lester
EURNZD See See Look Look Don't Take Risk 2031SGT 19032025Tempted to sell here because this setup looks perfect, and is in my watchlist for some time and seems riped now according to what I waited for it to become. Price rejected the Daily Time Frame's Resistance area and has now came down with this consolidation towards the downside. I am looking to enter on the Hourly Time Frame, but I will not enter it for real, just eyeballing. I do it in this way because I am practicing restrain. There's no need to hop onto every setup you see, for now, especially when I am still not profitable in the long run which means something I done definitely isn't right. I think one of it is because I deviate from my strategy after I traded for some time, and I deviate due to emotional and PNL issues which didn't hit my goals. Just see and look. Take 1 to 3 trades, and take a break for awhile, maybe a week or so. Don't do this seeing and looking thing either, especially when you haven't been outside for some time taking in the yang energy from outside, but has been simmering in the yin energy at home for too long. How to know if long is too long? If you have cabin fever or symptoms like such, or if your hair is longer than you usually like it to be, or unkempt, messy room, unwashed dishes, unpaid bills etc. Too much yin energy. Too little yang energy, no balance. I think I shouldn't be seeing and looking, but since I already am seeing and looking, then I would have to practice some restrain and go out tomorrow. I have too much yin energy now. Especially when its raining outside, too. Monsoon season. Singaporeans overall are actually not really rich. They are just paper rich, and their paper rich is being restricted when they do want to materialise their gains. Not that there's anything wrong, just one or two big overwhelming issues would use up all the gains they gotten, and become dirt poor, just like any other people from other countries. So, nothing special here. The thing however is just like any first world country, you will survive if you get a job. If you would thrive or not, or recoup your losses depends on how you manage your current holdings. I am talking about myself. See you when I see you. 2041SGT 19032025
by ProfessionalDuckHunter
USDCHF Study 1529SGT 19032025On the last round of trading, I took USDCHF and finally made a profit, after the first two rounds of losses on tradingview paper account. Now, another opportunity came up on USDCHF, again. Should I enter? I think, it is really risky. I manage to be just above breakeven on tradingview, and I made a net total of +2.8R profit on Oanda mt4 with the same trades taken, after a total of 3 trades in March 2025. Why would I continue to put myself at risk? 1st - I have exhausted USDCHF's opportunity, I feel. Reason being, I have already traded the USDCHF in the last trade, and I managed to make a profit. What are the odds of making a profit again? One might say it's 50 50, however, it isn't. The more something happens, the more unlikely it would happen the next round. That's the first. Especially when the trend and opportunity has been used up by traders who used that opportunity in the first place. Slowly, they would be looking to move their money elsewhere, to new opportunities. 2nd - Price is at a significant level of support. The support might not be the major of major on the higher time frame, but it is still significant because there might be traders who think they should take off all their profits and losses and take the opposite position instead, or new players could come in and decide to buy instead at the support area, we wouldn't know. --- The thing is, just take it and get lost. Some months you will be breakeven, or in a loss, or profit. Take it and move. If you are in a loss, and you want to try to take more trades to "max out your winrate", then you will only be maxing out your mental capital, as you see alot of "deaths" and "escapes", draining you out, and that's when you deviate from your trading technique, knowingly or unknowingly. "I have already made so many mistakes, Imma make more, just to see where it would take me to. I could always restart, because this is paper trading." Then get ready to lose in the long run, again. I have been there done there, even in my last trading entries I done that because I wanted to max out of winrate. why should I take 30 trades to make +2R when I could have taken 3 trades to make +2R? It's not to say that when you take your time, and less is more approach, you will only make +2R at the end of 30 trades, but that, why would you try to max out your win rate when you will only be depleting yourself and your time and mental capital? If you take your time, and focus on 1 to 3 trades, and take a break, you will go further, and gain more in the end, rather than trying to max out in the same amount of time, trading 10x the amount of trades. Opportunities come and go, and most of the time, you are taking the same opportunity at the same time on multiple different pairs. And that is over trading. Dividing your full profit over multiple pairs at a time range, and you wonder why it took you 30 trades to make +2R, when you could have held onto the +2R at the beginning, after taking just 3 trades. We shall see how this entry setup goes. I am not going to take it, but I want to keep myself in check with how the price is moving. This exact overtrading thing could be said on my previous trade on USDJPY. I made +2R on USDJPY, in my first trade but I lost -1R on it, on the second trade on Oanda mt4. If I held my breath under water instead of panicking, I would have been up, +3.8R now, instead of +2.8R on Oanda mt4, and I would have been up +1.004R on tradingview paper account instead of being up +0.004R only. 1547SGT 19032025
by goh8888lester
#003 Moving Average USDCHF Sell 0153SGT 18032025The title says moving average, and I did use the moving average this time but it won't always be the moving average. I think the USDJPY trade #002 might have been abit dragged out, and I jumped in slightly too late. But it is ok. I also took correlated pairs and am selling the USD. But its ok. I think Kei sensei must have some magic that works, and I have been trying different things and I think Kei sensei is really right. Less is more. If we get 2% in 1 trade and also get 2% in 10 trades, then why would we trade 10 times just to get 2% ? Why would we pay 10 times the commission just to get the same results plus gain 10 times the stress? I think the USDJPY #002 trade is a test kit. I need to know how deep the water is, and that trade is my test kit. It doesn't matter if I lose that one or not, because now I remembered what I should do and what I shouldn't. Look out for fresh potential breakouts, retracements that could be traded. Get good natural dopamine into the system then come see the charts. Once you made some money outside, then the charts will be a, "if I have it, I have it. If I don't have it, I don't have it, and I don't give a f" kind of vibe. If you missed it, don't give it any f because there will be other opportunities that will come. Sometimes, in this watchlist of pairs, sometimes, you make new watchlists because new fresh potential breakouts and retracements came up. You will be ok. 1 trade, 2, 3 trades a month is alot. as long as you made some money, just run. Don't hinge your hopes on getting 10% every month because of ftmo's rules of getting 10% in a month in order to pass the 1st phase of the challenge. 0211SGT 18032025
Short
by goh8888lester
#002 USDJPY Moving Average 0206SGT 1503202560SMA SL set on 4H/1H, some buffer after the resistance. 1:2RR I think that less is more is really good(learned it from Kei). Let's say we make on average +0.3R profit per trade, but, due to all kinds of mistakes we make due to emotions, after 10, 20, 30 etc trades, we might find ourselves at +1R or +2R only at best. Instead of getting +3R, +6R, +9R or so after 10, 20, 30 trades. So, trading less is more. If we make 1 or 2 trades, and win once or twice, we already gotten +1R +2R, or if we won twice, +4R. And it's good. It's the equivalent of trading 10, 20, 30 trades filled with mistakes. Minus the stress, and commission paid. I think I should just trade less now. It seems that I am not progressing much, but I think I am actually progressing by ticking the boxes of questions and tasks I wanted to try but takes alot of time to try. 0215SGT 15032025 Btw, I stopped trading the trust the process of taking the opposite of my main trades because I always lose right? So, if I take the opposite trade then in theory, I would be making money. I stopped because I trade too much. And it became tough for me to think which is my real main idea that I put effort in and hope it would fail, and which is the opposite is true I am taking. 0217SGT 15032025
Short
by goh8888lester
#001 Moving Average 0333SGT 13032025lol. I am trying new things again. It's so tough when you see your positive results getting mixed due to too much action going on. 0334SGT 13032025 2R TP Under trading is better than overtrading. Also, only trade when you are already full of natural dopamine such as when you went out to work and feels good due to the good work you done. You are already filled, you do not need to hope to gain quick doses of dopamine via being right in trading, while dreaming of kicking your bosses or partners ass. 0339SGT 13032025 Entered based on the 15 MInutes Time Frame, I eyeball the SL. Don't be stingy but don't be too generous either. 0342SGT 13032025
Short
by goh8888lester