Archive for 2018

  • 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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  • 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 BREAKEVEN

    Price went up near to my pre-drawn resistance area. I decided it was close enough. Trade closed breakeven. I gave…

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