Archive for 2016

  • Select whether your trade is long or short and then enter your desired stop loss and take profit levels.

    USDCHF LOSS

    I got in again nearer to the resistance area. All indicators showing downward momentum. What I did not factor in…

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  • Traders are right more than 50% of the time, but lose more money on losing trades than they win on winning trades. Traders should use stops and limits to enforce a risk/reward ratio of 1:1 or higher.

    USDCHF LOSS

    1, 5, 30 and 60 min charts were lined up. I closed for a loss. The chart did not dip…

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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.

    USDCAD BREAKEVEN

    I was a little caught out with this one. I got in later than I would have liked. The exitited…

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  • engage in more business than can be supported by the market or by the funds or resources available.

    USDJPY LOSS

    Broke so many rules on this one. The charts all the way to 4hr were in sync. I made the…

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  • USDCHF BREAKEVEN

    I had been waiting for this setup for sometime. I even posted on Twitter and Google +. My entry was…

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  • GBPUSD TRADING STRATEGY

    GBPUSD LOSS

    The charts matched up, I got in, despite the bearish outlook for $gbpusd. I took the trade in no mans…

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  • Momentum traders are truly a unique group of individuals. Unlike other traders or analysts who dissect a company's financial statements or chart patterns, a momentum trader is only concerned with stocks in the news. These stocks will be the high percentage and volume movers of the day.

    USDCAD PROFIT

    I just got in, but the market moved very quick. I closed the trade manually because the price was sticking…

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  • The Ichimoku Kinko Hyo charting system, which translates to

    USDJPY PROFIT

    I had a decent entry into USDJPY, at resistance levels. I closed out because I felt price was over extended…

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  • The Ichimoku Kinko Hyo system includes five kinds of signal, of which this site highlights the most recent of each for each ticker. The Ichimoku signals, indeed all Ichimoku elements, should never be taken in isolation, but considered in the context of the overall chart.

    USDCAD BREAKEVEN

    Just been through a snail trade today. What I mean by that is the price was just not moving. In…

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  • trading, forex trading. stock trading

    NO TRADE

    There are no conclusive plays today. I am holding out because the charts are not in sync. They look like…

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