Archive for September, 2017

  • The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

    EURJPY PROFIT

    After the worst losing streak in my recent trading history, it was time for me to take a break and…

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  • 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”

    USDCAD LOSS

    Second bite a the trade. I still think there is momentum in this. Stop used from the flat section of…

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  • In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.

    USDCAD LOSS

    USDCAD was on my watchlist. I took the entry as price was near previous low. Trade did not work again.…

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  • ness #moneymanagement #forexlife #forexquote #xm #stacking #forextrading #motivation #success #entrepreneur #daytrading #inspiration #technicalanalysis #success #trading #daytrading #motivation #entrepreneur #technicalanalysis #investment #dollar #stock #market #economy #tradingstrategy

    EURUSD LOSS

    Most people would give up, with the number of losses taken in recent weeks. I needed some time to reflect…

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  • The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

    USDCAD LOSS

    I had 2 pairs on my watchlist, #usdcad and #gbpusd. Unfortunately for me, I picked the wrong trade. My stop…

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  • The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

    GBPUSD LOSS

    GBPUSD was on my radar for some time. The resistance was mapped out some time ago. The nearest round number…

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  • ing #exness #moneymanagement #forexlife #forexquote #xm #stacking #forextrading #motivation #success #entrepreneur #daytrading #inspiration #technicalanalysis #success #trading #daytrading #motivation #entrepreneur #technicalanalysis

    GBPJPY BREAKEVEN

    After losing on the previous 2 occasions on this trade. I got back in again after the initial spike. Trade…

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  • DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

    GBPJPY LOSS

    I still believe in the outlook of the trade, so I got back in at the next opportunity. Trade was…

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  • The term

    GBPJPY LOSS

    The charts line up, and in line with my system. I was using the resistance from the cloud to get…

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

    USDCHF LOSS

    This was a similar setup to, USDCAD. The price was in a channel near support. Trade did not work as…

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