ProfessionalDuckHunter

ProfessionalDuckHunter Updated 

Ok, I decided to close all of my positions previously opened in NEW DCA and begin a new log because I want to tweak some things and I feel that those opened positions that goes into drawdown and then into profit isn't helping me mentally. So, I closed all of them out for maybe 3 or 4% loss, maybe at most 10$ loss, I am not sure. New tweaks are as mentioned...

ProfessionalDuckHunter Updated 

5D range, higher high higher low, strongest trending pairs. I think I would DCA if price goes against me, but then there would be another new problem, when is too much dca too much and when should we say its too much and cut loss? I'll need help Mr. Nick Shawn. 1725SGT 18122024

ProfessionalDuckHunter Updated 

If price goes up, then just buy. Look for clean price action. DCA when price goes against us, scale in when price moves in our favour. Same coin of different sides. 1338SGT 17122024 Kinda tired of forex because the movements isn't as strong as stocks and there's the counter currency pulling action.

ProfessionalDuckHunter Updated 

I bought USDCAD just because I saw that it has been trending. No other reasons. I think sometimes no reason but because it is trending is a very good reason. Just like duolingo, godaddy, marriott, tesla. Don't question. No need for question. Obviously if something is going to go upwards and it has been going upwards, plus being strongly going up, you would want...

ProfessionalDuckHunter Updated 

Ok, I am taking on another GBP trade, but this time its paired with the NZD instead of SGD. This other setup is based on trendline break but it doesnt matter. what matters is that it is in an uptrend and I am entering on a confirmed uptrend. If price reverses, then we would reverse too. As long as price shows to us that it is a confirmed reverses, we would...

ProfessionalDuckHunter Updated 

As seen on the chart, price is going upwards while trending on the 20ema (the ema doesnt matter, what matters is price is going up) We shall see what happens also on the 1H and 4H time frames, which both actually am also going up. More in the next idea log. 2252SGT 16122024

ProfessionalDuckHunter Updated 

Short limit triggered at impulse wave (rejection of major resistance level). If price were to reverse back towards the major resistance level, I have another sell limit order there. Shall see what's going to happen next. Positions will be shown in the update below. 1717SGT 12122024

ProfessionalDuckHunter

Previously when I am doing the DCA thing, I would long when price is at support, and when price breaks through support, I would continue to DCA. However, now I have a new idea since last week, that is to trade in the direction of the current wave's trend while taking into account the overall trend and market condition. Now, even though I believe that a finite...

ProfessionalDuckHunter Updated 

Price is making higher highs and higher lows as seen on the chart and so I bought. It seems that price is also at the minor resistance area, but all is fine. TP and positions will be shown in the screenshot below. 1603SGT 13122024

ProfessionalDuckHunter Updated 

The chart shown is on the 4H but it doesn't matter if its on the 1H or 4H. Both time frames show price doing a power move toward the resistance level of the down channel. I have been eyeing on a few pairs that has this down channel thing, one of the other pair is the AUDUSD and GBPUSD, I think. Currently, TP is set at 71cents SGD, or 41.5pips. No I wish, I...

ProfessionalDuckHunter Updated 

Buying CHFJPY, opposing my two other JPY trades, USDJPY and CADJPY. TP set at the next Minor Resistance level as shown above. Positions will be shown in the next update below. 1722SGT 12122024

ProfessionalDuckHunter Updated 

Forgot to jot down this trade, I think. I have two or three positions as I DCA into this pair when price goes against me. Previously I traded in the long position, but I switched gears and began shorting, I think. Before this trade, I was trading 100 unit positions, but when I switched gears, I upped the units to 200. I feel that I should sit and wait instead...

ProfessionalDuckHunter Updated 

I am thinking of taking another position that doesn't have any other currencies I am currently in, and I spotted the GBPCHF is currently at the resistance level. Price came up all the way to the resistance level in a parabolic manner, so I am expecting price to reverse back down. No especiallys no definitelys. Paraphrasing Nick Shawn, I would enter at a price...

ProfessionalDuckHunter Updated 

This is a setup I revisited now, now that price has come back to the resistance level of the range. I spotted this setup yesterday and have placed a sell limit order for it but price didn't take it before moving downwards. I have since then removed the sell limit. Even though I have another position that buys JPY, but the price movement seems different. I do...

ProfessionalDuckHunter Updated 

Shorting USDJPY. I am restarting my count. I think I have to trade less and be specific if I am trading ranging or trending market. Also be willing to accept the fact that price might not be working in my intended idea and to close the trade out for a loss instead of dca-ing even more. But also, to not multiply my positions as much as I can and to keep my...

ProfessionalDuckHunter Updated 

Accidentally chanced upon AUDCHF trade. I think I should give more attention to the entry time frame as well when scanning for setups. Currently price is in a range since 26th November 2024, and I am betting on the support level holding. I have included a link below showing my exact entry for the initial position.   Things might change as time goes by so we...

ProfessionalDuckHunter

Price made a power move into a significant resistance level and I decided to short it. I have placed the 1st Sell Limit at the next major resistance level if price does move against us. I am currently in drawdown on the AUDCHF and SGDJPY trade but oh well, since I have yet to enter on anything EUR or USD I think this is a great opportunity for me to continue...

ProfessionalDuckHunter

Price now at downward trendline and I am selling as I expect the higher Time Frame to continue buying JPY. JPY remains as the lowest interest rate currency among the major currencies so people might be readjusting their portfolio and continuing to borrow JPY and investing that money else where. Am I correct? I'm not sure. I'm just speaking my thoughts and I...