Archive for November, 2016

  • USD/JPY Pivot Points Charts, US Dollar/Japanese Yen, Support, Resistance, Intraday (Hourly, 4 Hours), Short Term (Daily), Medium Term (Weekly), Long Term

    USDJPY BREAKEVEN

    I having been grappling with this trade for some days. Charts line up, but the 1 day was showing strong…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    USDJPY BREAKEVEN

    I lost a few pips earlier on $usdjpy. The trade snapped through resistance and bounces off 108.00. I took the…

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  • The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe.

    USDCHF PROFIT

    I made profit on a very poor trade. I did not follow my system. My entry was late, this made…

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  • In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.

    USDCHF PROFIT

    I missed the move earlier, but $USDCHF gave me a second opportunity. I did not see the move through fully,…

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  • Successful professional traders do three things that amateurs often forget. They plan a trading strategy, they follow the markets, and they diarize, track, and analyze each of their trades.

    USDJPY BREAKEVEN

    Another breakeven trade. I had loads of opportunities to close out early to take profit. I went beyond TF1 Method…

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  • Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades.

    USDJPY LOSS

    I got back into USDJPY again. The pair bounced off resistance area, and R2 Pivot point of 106.297. My stop…

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  • The breakeven point is the price level at which the market price of a security is equal to the original cost.

    USDJPY BREAKEVEN

    I was really dissapointed by my trading method on this play. I had a poor entry and exit. I took…

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  • Proper risk control and discipline is non-negotiable for every trade everyday.

    USDJPY LOSS

    The charts were lining up on 1, 5 and 30min for short position. The  1 hour chart was bullish though.…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    USDCHF LOSS

    Not a great trade. I am done for the week. I am forcing trades through, which is not a great…

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  • USDCAD LOSS

    The trade probability was not great. I took the trade based on my system, but there were no clear resistance…

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