Archive for April, 2018

  • 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.

    USDJPY LOSS

    As per my previous trade, this also did not work as expected. Trades feel forced at the moment. I need…

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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).

    USDCHF LOSS

    As with my current trades at the moment. The charts looks good all the way down the daily chart. My…

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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.

    AUDUSD LOSS

    I felt there was an opportunity to scalp this pair. Unfortunately, I was wrong and the trade did not work…

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  • The term

    AUDUSD LOSS

    Trade got stopped out before I could post entry. I am not too concerned, I was aware the 45min and…

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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.

    USDCHF LOSS

    The price over shot the resistance. I was hoping to get in after price hit the round number. Trade did…

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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.

    EURGBP PROFIT

    I used the support from the weekly chart. There wee no definitive and clear point of entry. Trade closed manually…

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  • #chart #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #nyse #nasdaq #commodities #trading #entrepreneur #motivation #daytrading #currency #millionaire #trading

    EURCHF LOSS

    Cycling through the different time frames, I can see a large drop in the short/medium term. The weekly chart is…

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  • #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #nyse #nasdaq #commodities #trading #entrepreneur #motivation #daytrading #currency #millionaire #trading

    GBPJPY LOSS

    I can’t believe I still make the same mistakes over and over again. The trade entry was very poor. The…

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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).

    EURGBP PROFIT

    I got back into the trade for a 3rd time. The price was able to stick, and I was able…

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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.

    EURGBP LOSS

    I got back into the trade a second time. Trade did not work again. If possible, I hope to get…

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