Archive for November, 2016

  • Traders came up with a number of different ways to invest or speculate in currencies.

    USDCAD BREAKEVEN

    The overall momentum on the 4 hour chart was down, but I believe in trades need to come back into…

    by
  • USDJPY PROFIT

    I missed the earlier signal, for this reason my charts were not lining up correctly. I took the trade against…

    by
  • With a stop-on-quote order, a trade will only be initiated once the price reaches a specified level, or trigger, called a stop price.

    GBPUSD BREAKEVEN

    My charts were not fully lined up. RSI on 5 min was not perfectly setup. I…

    by
  • EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

    EURUSD LOSS

    I got in the trade earlier than my RSI indicating. Sometimes we just fall into the trap of trying to…

    by
  • USD to CHF currency chart. XE's free live currency conversion chart for US Dollar to Swiss Franc allows you to pair exchange rate history for up to 10 years.

    USDCHF PROFIT

    The charts were lining upto 1 hr, so, this was a cautious trade. I needed to keep an eye on…

    by
  • USDJPY LOSS

    I lost again on USDJPY. All charts line up correctly. My setup was fine. It just did not work out.…

    by
  • 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. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

    GBPUSD PROFIT

    It is good to be back on the winning side. Initially I could not find a support to trade off.…

    by
  • Majority of trades are successful and yet traders are losing. ... In this article, we look at the biggest mistake that forex traders make, and a way to trade appropriately. Why Does the Average Forex Trader Lose Money?

    USDCAD BREAKEVEN

    I tried to let $usdcad ride, but I did not want to hold for a loss. My recent trade losses,…

    by
  • GBPUSD LOSS

    In retrospect, I should never have entered the trade. I was chasing a trade, and I got caught out again.…

    by
  • A red candlestick means the close was lower than the prior close. A black candlestick indicates that the close was higher than the prior close. In short, candlesticks are black when the close is up and red when the close is down

    USDJPY LOSS

    Another trade to on USDJPY that did not work out. Nothing more I could do. The loss just went against…

    by