Author archive for contacttf

  • 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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  • Momentum traders are truly a unique group of individuals. Unlike other traders or analysts who dissect a company's financial statements or chart patterns, a momentum trader is only concerned with stocks in the news. These stocks will be the high percentage and volume movers of the day.

    USDCAD PROFIT

    I just got in, but the market moved very quick. I closed the trade manually because the price was sticking…

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  • The Ichimoku Kinko Hyo charting system, which translates to

    USDJPY PROFIT

    I had a decent entry into USDJPY, at resistance levels. I closed out because I felt price was over extended…

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  • The Ichimoku Kinko Hyo system includes five kinds of signal, of which this site highlights the most recent of each for each ticker. The Ichimoku signals, indeed all Ichimoku elements, should never be taken in isolation, but considered in the context of the overall chart.

    USDCAD BREAKEVEN

    Just been through a snail trade today. What I mean by that is the price was just not moving. In…

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  • trading, forex trading. stock trading

    NO TRADE

    There are no conclusive plays today. I am holding out because the charts are not in sync. They look like…

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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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  • If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have.

    EURUSD BREAKEVEN

    EURUSD bounced off support. The round number 1.12200 was a key factor to get in. The trade ran up nicely…

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  • You are going to have losses when you trade. If you don’t have losses, you are not taking risk. If you don’t risk, you won’t win. Losses aren’t the problem. They are part of the game. It’s how you deal with losses that is crucial.

    USDCHF LOSS

    The trade setup was perfect, I got in based on solid resistance point. The chart all lined up great. There…

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