Posts tagged with ‘loss’

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    EURJPY LOSS

    The charts are fully stretched to the downside. I think there is room for a bullish reversal. Trade taken near…

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    EURJPY LOSS

    This was a really silly trade to get into. I was in ‘no mans land’. RSI on the 1 min…

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    USDJPY LOSS

    Trade taken after analysing the chart all the way to the 2 hour mark. The longer time frame indicates a…

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  • All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

    EURGBP LOSS

    The charts are in correlation all the way through to the daily’s. I think EURGBP is overbought, and we should…

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

    AUDUSD LOSS

    I took the trade long, but the 15min chart was indicating short. This was not the best or ideal setup.…

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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.

    GBPJPY LOSS

    I got struck out again today. In all fairness I could have easily closed for breakeven, but I do not…

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  • The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

    USDCHF LOSS

    I jumped on this trade shortly after losing on the previous. The strategy was there, but this position did not…

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  • In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.

    GBPUSD LOSS

    I have been away for a few weeks, working on another project. The entire cycle will take about 3 months,…

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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.

    USDCHF BREAKEVEN

    Very poor trade all round. The entry was too far away from my stop. The RSI was not clearly defined.…

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    USDCHF LOSS

    The second entry was just below the pre-drawn support line. The idea was to grab a small chunk. I got…

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