Bought GBPJPY at a Discount before Londoners and New Yorkers

2024年2月26日

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 - TBC TP

What I observed is that there would be a huge discount, and buyers would gobble up the stocks on sale, causing prices to go upwards as marked in the image shown.

Besides the discount offered that enticed me to buy, JPY has also been going south for a couple of years, and I expect further JPY weakness to come.

1009SGT

26022024

2024年2月26日

交易進行

Set my second TP to 191.494

2024年2月26日

手動結束交易

Exited both my positions for,

1st - 0.95R( $0.19 SGD)

2nd - 1.15R( $0.23 SGD)

Manually exited my 2nd position due to the movements on 15 Minutes Time Frame.

I exited based on emotions, again.

And I should not have watched the 15 Minutes Time Frame, but, the sales is slowing down.

Oh well. I get 2R so it's good.

Not sure if it would have long term detrimental effects.

2339SGT

26022024