Based on previous Black Friday Sales, it is clear to me that Aha! Now I know #002 is the next pre-release initial investors buying in cheap period before the other market players catch on. There is never certainty that this time round's Black Friday Sales will be a success, and if it happens to fail, I would exit for a small loss as usual, probably at 40% of my...
demand for EU50EUR has been on a sustained up trend for several weeks now, and discounts has been offered miserly based on the 10EMA as seen on previous Black Friday Sales. I have placed an Buy Limit near the 10EMA discounted zone, expecting the order to get triggered. Since this trade is being read on the Daily Time Frame, the amount of time it would take for...
I am longing GBPJPY specifically because the currency Strength chart I found on TradingView says that GBP is currently the strongest currency on the Daily Time Frame. I am expecting JPY to continue its decline despite Intervention by the BOJ, as past data has shown that it has been not effective at containing the weakening of YEN. I might change my order to...
Third trade I am taking today. Two other trades earlier today was closed for small loss of a total of -0.46R(NZDUSD) and maybe -0.56R(CADJPY). I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades. I need price to be at a discounted price zone on the Big Boys Level....
CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart. Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long. CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly...
Just long-ed NZDUSD when price came to a level where "The Market Remembers"(support area). The final push towards the down side was strong, and then 10/20 Period Mean Price crossed over, signalling to me that the dynamics has changed. The 10 Period Mean Price is able to be higher than the 20 Period Mean Price, telling me that there's a shift in peoples...
My investor, Mr Goh pumped in 300$ SGD into my account yesterday by bank transfer and asked me to trade for him first. I saw the opportunity today on SPX500USD and I long-ed it. My initial analysis took place on the Daily Time Frame, where the previous Black Friday Sales discount was around the price zone of 10EMA(plot it to see how the price rebound from that...
Risky trade I put up. Will explain more in abit. i will exit when I deem fit even before price hits SL. Busy with Mr. Goh medical documents now to be sent to lawyer. Will update in awhile. 1155SGT 27022024 Will be managing this trade on the Hourly Time Frame. The Hourly TF's discounted mean price is 50EMA, and I entered based on that mean price as shown in...
Yesternight, I selected a few pairs for today's observation and potential trading purposes, and GBPJPY was one of it. Sellers gave us another Black Friday Sale today in the dark to Asians first when the Londoners and New Yorkers are still sleeping. I bought my 40cents worth of GBPJPY at a discount. Both positions by Market Orders. 1st Order - 1R TP 2nd Order -...
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...
Hello My Friend :) EURCAD is in a range again on the HOURLY TIME FRAME, and although the price movement isn't as "clean" like how I prefer it to be, I would still take it. It might not be an A+ setup, but it can pass off as a B, and if B setups print money too, why sit on it? Depending on how price moves after it triggers the Limit Order, we might look forward...
OANDA:EURCAD 01122021 2229 + - SGT Just realised I can't post images, yet. Hello World! This is my first time publishing my thoughts on TradingView. Please be kind :) I entered TradingView and was scanning the chart and I saw that price has made Over Sold at the Stochastics. I then drew the Trend Line connecting the two low points, cloned the Trend Line, and...