USDTHB Renewed Demand for USD In Short Term
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 1R risk. But it depends.
What I expect from here on is some insider buying and selling before international release of the USD which would drive demand upwards for the short term, where at the peak(hopefully) we would sell for a neat profit.
I am looking at this pair on the Daily, down to 4H, however, the train has departed on the 4H, and it is giving us a second chance at the toilet stop, which allowed us to hop on with little we have, hoping to sell what we have for a profit at townhall. The demand is not certain however, so we can only keep on trying. As long as we show up enough times, we will make a profit.
Just keep showing up, and cutting our losses quickly(to minimise internal damage) and cutting losses small(to prevent financial damage) and all will be good in the long run(hopefully).
1602SGT
25032024
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 1R risk. But it depends.
What I expect from here on is some insider buying and selling before international release of the USD which would drive demand upwards for the short term, where at the peak(hopefully) we would sell for a neat profit.
I am looking at this pair on the Daily, down to 4H, however, the train has departed on the 4H, and it is giving us a second chance at the toilet stop, which allowed us to hop on with little we have, hoping to sell what we have for a profit at townhall. The demand is not certain however, so we can only keep on trying. As long as we show up enough times, we will make a profit.
Just keep showing up, and cutting our losses quickly(to minimise internal damage) and cutting losses small(to prevent financial damage) and all will be good in the long run(hopefully).
1602SGT
25032024
Comment:
Auto stop loss set to 36.305, however, my mental target for stoploss is just beyond 10EMA, at around 36.350(Manual Exit). Depends on the speed and size of the candle coming downwards.
1612SGT
25032024
1612SGT
25032024
Comment:
Correction for the previous update. Mental stoploss just beyond 20EMA.
1614SGT
25032024
1614SGT
25032024
Comment:
Closed out USDTHB for small loss of, 0.4R in total approximately 10$ SGD
Because i never intended to lose 1R. I rather lose small than win big.
TP 1st Order = 36.670( 1R )
TP 2nd Order = 36.770 ( 1.38R )
TP might change depending on how price moves.
WIll be setting price to SL most probably when price is close to 1R.
1610SGT
25032024