Archive for February, 2017

  • The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

    EURUSD BREAKEVEN

    Trade did not work out as expected. I used the Tenkan sen and Kijun sen on the 1 hour to…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCHF BREAKEVEN

    I saw resistance on 1 hour charts. The chart setup on the 5min, was not great. Price was floating near…

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  • The US Dollar v/s the Canadian Dollar is a popular currency pair due to the large amount of cross-border trading activity that takes place between The United States and Canada.

    USDCAD LOSS

    So many mistakes made in this play. I missed an opportunity on the GBPUSD short, so I quickly entered USDCAD,…

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  • A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity. These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.

    GBPUSD BREAKEVEN

    Very poor trade overall. I should have known better. My entry was stuck been 2 resistance areas. The price started…

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