Archive for 2017

  • 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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  • 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”.

    USDCHF LOSS

    Getting back into trades after a little time off. USDCHF trade was a loss. All charts were lined up. The…

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