Archive for January, 2017

  • 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 PROFIT

    I got in at a better entry this time. It bounced off the support area. I moved the stop up…

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  • Common Approaches to Adjusting Stop Losses. One approach that can work is to wait for a defined length of time, one that should have given your trade enough time realistically to “breathe”. Once this time has elapsed, if your trade is showing a loss, exit immediately; if a profit, move the stop loss to break even.

    GBPUSD LOSS

    Very poor start to the day. My trade entry was not great. I left a lot on the table. I…

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  • A SELL trailing stop limit moves with the market price, and continually recalculates the stop trigger price at a fixed amount below the market price, based on the user-defined

    USDCAD PROFIT

    The resistance on the 1 day chart was not clear. For this reason my stop was very tight. The trade…

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  • The foreign exchange market is the

    GBPUSD PROFIT

    I got back into the trade slightly higher. I may have miss calculated the previous trade entry. Trade closed with…

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  • GBPUSD LOSS

    All charts line up. The resistance on the 1 day chart was apparent but not clear. I lost trade before…

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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 PROFIT

    One of the smoothest trades made. I was very cautious about US data, so I set my Stop wider than…

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  • #tag #stacks #money #casino #luxurylife #lifestyle #luxury #millionaire #richman #boss #rich #billionaire #dollars #cash #stacksonstacks #motivation #billion #million #richkids #trade

    USDCAD PROFIT

    I got back into this because I could see a clearer pattern forming. Trade closed as I moved my stop…

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  • Trading USD/CAD

    USDCAD LOSS

    My losses have been compounding recently. All the charts line up and I can see a solid support level. I…

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  • People make money trading forex in several different ways. Scalpers hold positions for no longer than 5 minutes. Other traders may adopt a strategy that lets them analyze their charts once a day to look for opportunities then step away from the markets until the next day. There really is no wrong way to trade forex.

    EURUSD LOSS

    4 Trading losses in a row. A poor performanace overall. The chart patterns line up, but the trade did not…

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  • The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

    USDJPY LOSS

    2 losses in a row. The system was coherent. The trade did not work out this time. We move on…

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