#012 DCA GBPUSD Sell
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 of it.
We shall see what would happen next.
1135SGT 25112024
If price goes against our intended direction, then there's the limit sell order for drawdown recovery. If price goes beyond the 1st Sell Limit, then we will see how we could at least breakeven.
1136SGT 25112024
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 of it.
We shall see what would happen next.
1135SGT 25112024
If price goes against our intended direction, then there's the limit sell order for drawdown recovery. If price goes beyond the 1st Sell Limit, then we will see how we could at least breakeven.
1136SGT 25112024
Trade closed: target reached
TP triggered. 54cents profit minus 1cent commission = 53cents profit.
Only 1 position in the market. Sell Limit not triggered.
CADCHF buy position still in play and currently in 10cents drawdown.
1618SGT 25112024
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.