Archive for March, 2019

  • 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.

    EURUSD LOSS

    Trade taken using strategy, however ECB Draghi was speaking. This may have impacted trade outcome. I was expecting to get…

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  • The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

    GBPUSD PROFIT

    Price hit the support line, and then bounced back, which allowed me to make my entry. With no clear fundamental…

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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).

    GBPUSD PROFIT

    I missed the earlier entry because I was busy filtering out the trade opportunities. I needed to be patient and…

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    USDJPY PROFIT

    I took this trade on Thursday, but I did not have the opportunity to post my journey. The trade was…

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