Archive for 2016

  • There is nothing fundamentally wrong with moving your stops to break even, but the absence of common sense and the naiveté most traders have when it comes to moving their stops is often quite disturbing.

    GBPUSD BREAKEVEN

    Another GBPUSD trade. My third on the same pair on the same day. 1,5,30 60 min line up, but the…

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  • The largest stock market in the world, the New York Stock Exchange, trades a volume of about $22.4 billion each day.

    GBPUSD BREAKEVEN

    Got back into the trade again GBPUSD, because it was closer to the round number 1.30000. I was expecting a…

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  • In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country’s economy, compared to other countries’ economies.

    GBPUSD PROFIT

    All charts were in line. I took the trade a little later than anticipated. The 1.30000 round number would have…

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  • If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have.

    EURUSD BREAKEVEN

    EURUSD bounced off support. The round number 1.12200 was a key factor to get in. The trade ran up nicely…

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  • You are going to have losses when you trade. If you don’t have losses, you are not taking risk. If you don’t risk, you won’t win. Losses aren’t the problem. They are part of the game. It’s how you deal with losses that is crucial.

    USDCHF LOSS

    The trade setup was perfect, I got in based on solid resistance point. The chart all lined up great. There…

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  • A stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price.

    EURUSD BREAKEVEN

    I took the entry based on resistance at 4 hr chart. The news out at 12:45pm BST added to uncertainty.…

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  • EURUSD Trading Idea - EURUSD TRADINGFIELDS VIEW

    EURUSD [No Trade]

    We need to be out the market if we are not 100% about trade position. I did not enter the…

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  • orex Calendar - highly advanced, famously reliable Forex calendar packed with features and information that helps Forex traders make better decisions

    USDCAD PROFIT

    1 and 5min charts were lined up great. The RSI on 30min was not perfect, so I was a…

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  • In this case, traders would call the price level near $39 a level of resistance. As you can see from the chart below, resistance levels are also regarded as a ceiling because these price levels prevent the market from moving prices upward. On the other side of the coin, we have price levels that are known as support.

    USDJPY LOSS

    This was my second loss. I have traded the same setup hundreds of times, but sometimes were are wrong, and…

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  • There is no place for denial in successful investing. Don’t blame your losses on bad luck or outside manipulators. Accept the responsibility yourself. Don’t be dependent upon trading for all your fulfillment and happiness. Focus on opportunities, not on regrets.

    USDJPY LOSS

    Short term line up perfect, 1,5,30 min and 1 hour. The 4 hour and daily showing bullish. I decided to…

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