Archive for July, 2016

  • Watchlist 01.07.2016 [Updated 30.07.2016]

    This is a breakdown of the current trade positions. Previous and current price shown. I will be creating a new…

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  • There is no place for denial in successful investing. Don’t blame your losses on bad luck or outside manipulators. Accept the responsibility yourself. Don’t be dependent upon trading for all your fulfillment and happiness. Focus on opportunities, not on regrets. Proper risk control and discipline is non-negotiable for every trade everyday. Revenge trading – trying to make back a loss – carries with it far too much emotion and is always costly. Poor money management skills are the number one reason that novice traders wash out. Learn to recognize your impulsive state of mind and take action to stop it.

    EURUSD LOSS

    This was another equillibrium trade. The 1hr chart was not fully lined up. I took the plunge based on the…

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  • Equilibrium is the state in which market supply and demand balance each other and, as a result, prices become stable. Generally, when there is too much supply for goods or services, the price goes down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.

    USDCHF BREAKEVEN

    I saw a trade work out on the 5 and 1 min chart, but the hour chart was against me.…

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  • Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there's no central exchange.

    USDCHF PROFIT

    This was a really good trade. The spead the move happend was great. 1min, 5min and 1 hr were are…

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  • Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there's no central exchange.

    EURUSD BREAKEVEN

    Unusual trade this one. All the charts line up, just could not build enough steam. I almost got stopped out.…

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  • Tenkan-sen (Conversion Line):(9-period high + 9-period low)/2)) On a daily chart, this line is the mid point of the 9-day high-low range, which is almost two weeks. Kijun-sen (Base Line):(26-period high + 26-period low)/2)) On a daily chart, this line is the mid point of the 26-day high-low range, which is almost one month. Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)) This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as “Leading” because it is plotted 26 periods in the future and forms the faster Cloud boundary. Senkou Span B (Leading Span B): (52-period high + 52-period low)/2)) On the daily chart, this line is the mid point of the 52-day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.

    USDCAD PROFIT

    I saw the patern setup cooking up nicely for about half an hour. It took quite a while for it…

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  • Day trading is the act of buying and selling a stock within the same day. Day traders seek to make profits by leveraging large amounts of capital to take advantage of small price movements in highly liquid stocks or indexes.

    GBPUSD BREAKEVEN

    GBPUSD was a very odd, to trade today. We had many support retests, that, later collapsed to give us buy…

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  • The US Dollar v/s the Canadian Dollar is a popular currency pair due to the large amount of cross-border trading activity that takes place between The United States and Canada. The Canadian Dollar is often called 'The Loonie'.

    USDCAD 19.07.2016

    I missed the first entry at 9.10am due to a late start. The price rebounded nicely and I got back…

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  • 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”. With one look, chartists can identify the trend and look for potential signals within that trend.

    Epic loss 14.07.2016 [Stopped Out]

    I trade did not work for me today. My entry looked suspect. The Sen turn was not quite perfect. Biggest…

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  • EURUSD 13.07.2016

    I am not to keen on trading EURUSD. The pair is too, fiery for my liking. I saw all the…

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