Archive for July, 2016

  • Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there's no central exchange.

    USDJPY LOSS

    I overtraded this but, I do remember that 1 hr was not in my direction. I will learn from this,…

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  • Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.

    GBPUSD SHORT TARDE 12.07.2016

    I felt the momentum was right, and the triple top was an indicator to set in. The 1…

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  • Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

    USDCAD PROFIT 11.07.2016

    All currencies on my watchlist were setting up. I took the USDCAD based on the judgment I made looking at…

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  • The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.

    USDCHF Close another breakeven

    Another new pair traded today. I was hoping for a quick downward slide. The move bounced at 0.9760. Looking at…

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  • Day Trading, as the name implies, is generally limited to trading activity during most of the day trading. It includes the purchase and sale of shares in a short period of time. Day traders buy and sell stocks since the market opened in the morning and sell them off, before it closes.

    Trading a new pair USDCAD

    I am trying to stay clear of GBP, and there were no signals for USDJPY so I took the opportunity…

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  • Kijan sen and Tekan sen cross.

    Losing trade 05.07.2016

    I think this exchange is over stretched, so i decided to take a long trade, on USDJPY. The bar popped…

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  • WATCHLIST 01.07.2016

    Been away from the markets, due to all the #brexit news. The market turmoil looks to continue with new Prime…

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