Archive for 2017

  • The U.S. dollar/Japanese yen pair features low bid-ask spreads and exceptional liquidity. As such, it is a great pair to trade for newcomers to the forex market as well as an old favorite for more experienced traders.

    USDJPY LOSS

    Very poor entry and trade. I got caught being inactive, and tried a position which did not have clear support…

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  • The Canadian one dollar coin, commonly called the loonie, is a gold-coloured one-dollar coin introduced in 1987. It bears images of a common loon, a bird which is common and well known in Canada, on the reverse, and of Queen Elizabeth II on the obverse.

    USDCAD BREAKEVEN

    All charts line up. I was looking for the correct entry. The trade moved fast, so I missed a chunk.…

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  • Trailing Stop Limit Orders. ... 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

    EURUSD BREAKEVEN

    I have been watching and following the pair for over 1 hour. I entered at near bottom. The trade flew…

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  • Examine the current British Pound US Dollar rate and access to our GBP USD converter, charts, historical data, news, and more.

    GBPUSD BREAKEVEN

    I made trade entry pretty sharpish. $gbpusd on my radar for a while. I took the opportunity to move my…

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  • Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. There is no central exchange as it trades over the counter.

    USDCAD LOSS

    I forced the trade through today. Too many mistakes made again. The support on this is was some way below…

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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”.

    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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  • 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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