Archive for May, 2017

  • 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.

    EURNZD BREAKEVEN

    There were no clear trading opportunities in my pool of trading pairs. I decided on EURNZD, because the charts seem…

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  • The Heikin-Ashi technique uses a modified formula:**xClose = (Open+High+Low+Close)/4. o Average price of the current bar.**xOpen = [xOpen(Previous Bar) + Close(Previous Bar)]/2. o Midpoint of the previous bar.**xHigh = Max(High, xOpen, xClose) o Highest value in the set.**xLow = Min(Low, xOpen, xClose) o Lowest value in the set.

    GBPUSD LOSS

    Price went down to support and bounce. I took the trade, because the risk/reward was better. Trade did not work.…

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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”.

    EURUSD PROFIT

    The trade was near perfect. I closed trade manually before RSI red. I am a little disappointed the move was…

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  • GBPUSD BREAKEVEN

    I got into the trade after the rebound. Although the entry was not in line with my system, I could…

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  • #trading #money #trader #forextrader #business #pips #forextrading

    GBPUSD LOSS

    The chart was near perfect line up. I got into the trade despite news coming out soon. After a small…

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  • Currency Trading is the act of buying and selling (trading) different currencies of the world. The Foreign Exchange (or Forex) is the market that allows you to trade currencies in volume. ... This is called a Currency Pair. The GBP is the base currency, and the USD is the secondary currency.

    EURCHF PROFIT

    After scanning for opportunities, the $eurchf was the best pick. After a quick drop in price, I was able to…

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  • Piercing Pattern is a reversal candlestick pattern which is bullish in nature and appears at the end of a down trend. It is a complex pattern made of two candlelines. The first candle is bearish in nature and the second is bullish in nature. It has its name because the prices pierces up through the falling market.

    EURJPY PROFIT

    I took 2 trades at similar times. I took the on the bearish piercing pattern. The news at 10:00am BST…

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  • The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

    GBPJPY PROFIT

    All chart line up, I took the trade because of my recent re-evaluation of candlestick chart patterns. I could see…

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  • #trading #money #trader #forextrader #business #pips #forextrading #wallstreet #entrepreneur

    USDCAD BREAKEVEN

    I missed the initial turning, so I took the trade at the next retracement. The risk/reward looked good, and the…

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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.

    USDCAD LOSS

    Trade was made earlier today 12:30 pm BST. Time is currently 22:00, I have not had a chance to write…

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