Posts tagged with ‘loss’

  • The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

    USDJPY LOSS

    2 losses in a row. The system was coherent. The trade did not work out this time. We move on…

    by
    0
    0
  • 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”.

    USDCHF LOSS

    Getting back into trades after a little time off. USDCHF trade was a loss. All charts were lined up. The…

    by
    0
    0
  • 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.

    USDCAD LOSS

    I feel better about this trade. I followed my strategy. My stop was much tighter this time. The risk/reward ratio…

    by
    0
    0
  • 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. In terms of volume of trading, it is by far the largest market in the world.

    USDCAD LOSS

    The Charts line up, but my trade entry was poor. The stop was really wide, and I missed the initial…

    by
    0
    0
  • 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 LOSS

    Trade did not work. Mistakes I made: No clear resistance on cloud I relied on RSI for resistance and…

    by
    0
    0

  • EURUSD LOSS

    Another loss on $eurusd. The charts look good to me. Sometimes we just have to hold our hands up. I…

    by
    0
    0
  • People make money trading forex in several different ways. Scalpers hold positions for no longer than 5 minutes. Other traders may adopt a strategy that lets them analyze their charts once a day to look for opportunities then step away from the markets until the next day. There really is no wrong way to trade forex.

    EURUSD LOSS

    Worked my system. The trade did not breakout using the support. I look to get again if the opportunity allows.

    by
    0
    0
  • 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.

    USDCAD LOSS

    The trade setup was good. My timing could have been better on the 1 min chart. The trade would not…

    by
    0
    0
  • EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

    EURUSD LOSS

    I got in the trade earlier than my RSI indicating. Sometimes we just fall into the trap of trying to…

    by
    0
    0

  • USDJPY LOSS

    I lost again on USDJPY. All charts line up correctly. My setup was fine. It just did not work out.…

    by
    0
    0