Posts tagged with ‘GBP/USD’

  • 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.

    GBPUSD BREAKEVEN

    I was hoping the price would rise up to my intended entry target of 1.26543. This would be directly under…

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  • With a stop-on-quote order, a trade will only be initiated once the price reaches a specified level, or trigger, called a stop price.

    GBPUSD BREAKEVEN

    My charts were not fully lined up. RSI on 5 min was not perfectly setup. I…

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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”.

    GBPUSD PROFIT

    It is good to be back on the winning side. Initially I could not find a support to trade off.…

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  • GBPUSD LOSS

    In retrospect, I should never have entered the trade. I was chasing a trade, and I got caught out again.…

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  • Nonfarm payroll is a monthly report generated and reported by the U.S. Bureau of Labor.

    GBPUSD BREAKEVEN

    I got back in because of another opportunity and similar setup. My worry now is the support becoming resistance for…

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  • What is the non farm payroll? Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees.

    GBPUSD PROFIT

    I missed an earlier move, but I was able to get back in after a retracement. As it is Friday,…

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  • GBPUSD TRADING STRATEGY

    GBPUSD LOSS

    The charts matched up, I got in, despite the bearish outlook for $gbpusd. I took the trade in no mans…

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  • There is nothing fundamentally wrong with moving your stops to break even, but the absence of common sense and the naiveté most traders have when it comes to moving their stops is often quite disturbing.

    GBPUSD BREAKEVEN

    Another GBPUSD trade. My third on the same pair on the same day. 1,5,30 60 min line up, but the…

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  • The largest stock market in the world, the New York Stock Exchange, trades a volume of about $22.4 billion each day.

    GBPUSD BREAKEVEN

    Got back into the trade again GBPUSD, because it was closer to the round number 1.30000. I was expecting a…

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  • In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country’s economy, compared to other countries’ economies.

    GBPUSD PROFIT

    All charts were in line. I took the trade a little later than anticipated. The 1.30000 round number would have…

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