Archive for October, 2016

  • This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners.

    EURUSD PROFIT

    I saw some resistance on the 1 day chart. The Ichimoku cloud helped to confirm the trade entry and resistance…

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  • A scalper is a type of trader that may dart in and out of a stock or other asset class dozens, or in some cases even hundreds, of times a day.

    USDCHF

    This was a scalp trade, I was in and out within 5 mins. My system was showing bullish in the…

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  • Trading losses are the amount of principal losses in an account. Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public. The list is ordered by the real amount lost, starting with the greatest.

    USDJPY LOSS

    I had almost 9 days of no trading. I made losing play today. I did not wait for correct RSI…

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  • This is the most popular currency pair in the world, representing the world's two largest economies.

    EURUSD PROFIT

    Got into EURUSD after quick glance through major pairs. I was initally concerenced that the $eurusd may not have bottomed…

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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. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe.

    USDCHF PROFIT

    All charts line up on the 5,30 and 60 min charts. I got back into the volatile USDCHF. The bullish…

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

    USDCHF PROFIT

    I got back into the trade after 2 previous fails. The RSI and the bearish Sen turns were clear indication…

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  • Select whether your trade is long or short and then enter your desired stop loss and take profit levels.

    USDCHF LOSS

    I got in again nearer to the resistance area. All indicators showing downward momentum. What I did not factor in…

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  • Traders are right more than 50% of the time, but lose more money on losing trades than they win on winning trades. Traders should use stops and limits to enforce a risk/reward ratio of 1:1 or higher.

    USDCHF LOSS

    1, 5, 30 and 60 min charts were lined up. I closed for a loss. The chart did not dip…

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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.

    USDCAD BREAKEVEN

    I was a little caught out with this one. I got in later than I would have liked. The exitited…

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  • engage in more business than can be supported by the market or by the funds or resources available.

    USDJPY LOSS

    Broke so many rules on this one. The charts all the way to 4hr were in sync. I made the…

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