Archive for January, 2018

  • All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

    GBPJPY LOSS

    I have used the resistance line from the 45min chart. The candles were not definitive though. Trade did not work…

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  • #entrepreneur #technicalanalysis #investment #dollar #stock #market #economy #tradingstrategy #fundamentalanalysis #today #winner #tradercommunity #king #alltrading #cash #livetrader #amazing

    GBPUSD LOSS

    There was not much happening in the markets. I almost fell into the over trading trap. GBPUSD trade was very…

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  • All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

    EURJPY PROFIT

    I made an error, whereby I placed the stop near the round number. This trade also took some time to…

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  • On the daily chart, this line is the mid point of the 52 day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.

    USDCHF PROFIT

    This trade took a long while to gain traction. The price was moving in a range for some time. I…

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  • #investing #life #swingtrader #mt4 #chart #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #eurusd #nyse

    GBPUSD LOSS

    I think there is a very good/risk reward potential. I was looking at GBPJPY, but the 15 min RSI was…

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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.

    EURJPY LOSS

    I have been chasing a position for some time. This hunting mentally put me on the back foot. There was…

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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.

    USDJPY PROFIT

    I got back into the trade again. To isolate a tight move, I drew the other resistance points. Trade worked…

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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.

    USDJPY LOSS

    Trade entry taken, although I was worried by the cloud setup. The flat lines always makes me defensive. I got…

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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.

    AUDUSD PROFIT

    I was fortunate to have a second opportunity. After the previous breakeven trade, the price went above my resistance point.…

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  • #dollar #stock #market #economy #tradingstrategy #fundamentalanalysis #today #winner #tradercommunity #king #alltrading #cash #livetrader #amazing #realtime #investing #life #swingtrader

    USDCAD LOSS

    I had the support mapped an hour previously. The price dropped below this support. 1. The issue I had was…

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