Author archive for contacttf

  • This USD/CAD Chart lets you see this pair's currency rate history for up to 10 years

    USDCAD 2 LOSSES

    Not a great week this week. Overall I have been pinched 4 times . I found…

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  • A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency.

    USDCAD BREAKEVEN

    USDCAD was closed out breakeven, after an epic fall from identified resistance point. 1.  I got off to a bad…

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  • The average forex trader loses money, which is in itself a very discouraging fact. But why? Put simply, human psychology makes trading difficult.

    USDJPY LOSS

    I got stopped out earlier on USDJPY. The trade did not work out. My stop was too close, a by-product…

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  • The latest Tweets from tradingfields (@tradingfields). The content presented is for information and educational purposes only. Not be construed as professional advice.

    USDJPY PROFIT

    I was watching this for quite some time. When price eventually hit resistance on the 30min chart, I got in.…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCAD PROFIT

    This had a very similar setup to EURUSD earlier today. The pair moved sideways for a long time, there were…

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  • The Currency Pair EUR/USD is the abbreviation for the euro and U.S. dollar pair or cross for the currencies of the European Union (EU) and the United States (USD)

    EURUSD PROFIT

    I entered the EURUSD trade today on the short side. Chart 1min and 5min was setup, however there was a…

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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.

    GBPUSD LOSS

    I got into this. Trading for the sake of being in the market. Should never have entered trade, because of…

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  • The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe.

    USDCHF BREAKVEN

    I was expecting a quicker USDCHF market reaction. I closed out, as previous trades made me nervous. I did not…

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  • A Short Straddle, is a neutral option trading strategy that profits when a stock stays stagnant. This is the exact opposite of a Long Straddle which profits when the underlying stock moves strongly either to upside or downside.

    EURUSD BREAKEVEN

    One eyes was on USDCHF, I saw the opportunity at a quick glance. The trade was working in my favour,…

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  • Retail traders just starting out in the forex market are often unprepared for what lies ahead and, as such, end up undergoing the same life cycle: first they dive in head first - usually losing their first account - and then they either give up, or they take a step back and do a little more research and open a demo account to practice.

    USDCHF LOSS

    This was on my watchlist but, as I was making the EURUSD trade this triggered quicker than expected. This meant…

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