Archive for 2016

  • The Currency Pair EUR/USD is the abbreviation for the euro and U.S. dollar pair or cross for the currencies of the European Union (EU) and the United States (USD)

    EURUSD PROFIT

    I entered the EURUSD trade today on the short side. Chart 1min and 5min was setup, however there was a…

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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.

    GBPUSD LOSS

    I got into this. Trading for the sake of being in the market. Should never have entered trade, because of…

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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 BREAKVEN

    I was expecting a quicker USDCHF market reaction. I closed out, as previous trades made me nervous. I did not…

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  • A Short Straddle, is a neutral option trading strategy that profits when a stock stays stagnant. This is the exact opposite of a Long Straddle which profits when the underlying stock moves strongly either to upside or downside.

    EURUSD BREAKEVEN

    One eyes was on USDCHF, I saw the opportunity at a quick glance. The trade was working in my favour,…

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  • Retail traders just starting out in the forex market are often unprepared for what lies ahead and, as such, end up undergoing the same life cycle: first they dive in head first - usually losing their first account - and then they either give up, or they take a step back and do a little more research and open a demo account to practice.

    USDCHF LOSS

    This was on my watchlist but, as I was making the EURUSD trade this triggered quicker than expected. This meant…

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  • Watchlist 01.07.2016 [Updated 30.07.2016]

    This is a breakdown of the current trade positions. Previous and current price shown. I will be creating a new…

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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. Proper risk control and discipline is non-negotiable for every trade everyday. Revenge trading – trying to make back a loss – carries with it far too much emotion and is always costly. Poor money management skills are the number one reason that novice traders wash out. Learn to recognize your impulsive state of mind and take action to stop it.

    EURUSD LOSS

    This was another equillibrium trade. The 1hr chart was not fully lined up. I took the plunge based on the…

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  • Equilibrium is the state in which market supply and demand balance each other and, as a result, prices become stable. Generally, when there is too much supply for goods or services, the price goes down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.

    USDCHF BREAKEVEN

    I saw a trade work out on the 5 and 1 min chart, but the hour chart was against me.…

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  • Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there's no central exchange.

    USDCHF PROFIT

    This was a really good trade. The spead the move happend was great. 1min, 5min and 1 hr were are…

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  • Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there's no central exchange.

    EURUSD BREAKEVEN

    Unusual trade this one. All the charts line up, just could not build enough steam. I almost got stopped out.…

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