Author archive for contacttf

  • Successful professional traders do three things that amateurs often forget. They plan a trading strategy, they follow the markets, and they diarize, track, and analyze each of their trades.

    USDJPY BREAKEVEN

    Another breakeven trade. I had loads of opportunities to close out early to take profit. I went beyond TF1 Method…

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  • Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades.

    USDJPY LOSS

    I got back into USDJPY again. The pair bounced off resistance area, and R2 Pivot point of 106.297. My stop…

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  • The breakeven point is the price level at which the market price of a security is equal to the original cost.

    USDJPY BREAKEVEN

    I was really dissapointed by my trading method on this play. I had a poor entry and exit. I took…

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  • Proper risk control and discipline is non-negotiable for every trade everyday.

    USDJPY LOSS

    The charts were lining up on 1, 5 and 30min for short position. The  1 hour chart was bullish though.…

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  • 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.

    USDCHF LOSS

    Not a great trade. I am done for the week. I am forcing trades through, which is not a great…

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  • USDCAD LOSS

    The trade probability was not great. I took the trade based on my system, but there were no clear resistance…

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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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  • When trading with currency, there is always risk involved. You can never be fully certain that a trend will follow

    USDJPY LOSS

    I am struggling to get trade entries. When I do, I get punished for not doing adequate risk appraisal. Trade…

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  • This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners.

    EURUSD PROFIT

    I saw some resistance on the 1 day chart. The Ichimoku cloud helped to confirm the trade entry and resistance…

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