Archive for 2016

  • 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
    0
    0
  • 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…

    by
    0
    0
  • 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…

    by
    0
    0
  • 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…

    by
    0
    0
  • 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,…

    by
    0
    0
  • 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…

    by
    0
    0
  • 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…

    by
    0
    0
  • 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…

    by
    0
    0
  • 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.…

    by
    0
    0
  • 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…

    by
    0
    0