ProfessionalDuckHunter

ProfessionalDuckHunter Updated 

I took positions in two different products. First, the CADCHF and second, the GBPUSD. I have no idea if they are correlated in anyway. I took the two products because they do not have the same currency. On the 1H Time Frame, it is clear that price is retracing back to the 60SMA. I do not actively seek for such confluences, but rather, if they occur, I take note...

ProfessionalDuckHunter Updated 

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...

ProfessionalDuckHunter Updated 

I think I could maximise my margin and potential by entering on another trade that is not correlated (or at least doesn't have any currency that I have already opened with this DCA method.). Besides taking trades on a pullback, I think I could also maximise the markets 50 50 potential by entering trades on its push wave aka Impulse Wave. Pull wave being Pullback...

ProfessionalDuckHunter Updated 

I am now entering on the 4H Time Frame. Giving my trades more space. Previously, I placed several Limit Orders, but now, I decided to place less, because I have more space for price to run now. And also, I think that if price goes against me and enters into a drawdown or triggers my other Limit Orders, I should seek to exit for a Breakeven, instead of hoping to...

ProfessionalDuckHunter

Now, I am making a reversal. I forgot where I written that, but now I see the worth in it. That's all coming from overthinking, and even a broken clock is correct twice a day. As seen on the GBPAUD chart, if I were to buy and sell at those pullbacks at 50% or 100%, I will mostly be profitable, and it would be an easy trade. At least I think so. But here's the...

ProfessionalDuckHunter Updated 

As seen on the chart, I have placed 2 buy limits which I tried to spread them out as evenly as I could. I left the 3rd position wider, than the 2nd position because I think to myself, if price were to come down this far, and if it touches and rebound, I would have a higher chance of exiting for some profit on that position. I picked the AUDNZD because price on...

ProfessionalDuckHunter Updated 

I was wavering yesterday because of the loss I took on USDCHF, and so, I didn't think to publish this AUDNZD trade I took. But on retrospect, it all worked out. I think that some basic protective mechanism should still be in place such as shifting price to breakeven (maybe) (and, there there. overthinking again.) I am just 2 cents away from TP and I think after I...

ProfessionalDuckHunter Updated 

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 Updated 

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 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 

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 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...