Archive for December, 2017

  • 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.

    EURCHF LOSS

    I made this trade with caution. There were too many variables. The cloud was just not in my favour. 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.

    EURCHF PROFIT

    I was unable to map out a resistance line using the Ichimoku cloud. I used the candlestick wick from the…

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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.”

    USDJPY LOSS

    After the previous breakeven, I got back in again. There were 2 resistance points on the 15 min chart. I used…

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  • #tradercommunity #king #alltrading #cash #livetrader #amazing #realtime #investing #life #swingtrader #mt4 #chart #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #eurusd #nyse #nasdaq #commodities #trading #entrepreneur #motivation # #eurusd #daytrading #currency #millionaire #trading

    USDJPY BREAKEVEN

    I looked through all my trading pairs. USDJPY looked to have the biggest opportunity. My resistance was drafted out using…

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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 LOSS

    3 areas of resistance were drafted. Price immediately dropped. I did have the opportunity to close for profit, at this…

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  • #forexlife #forexquote #xm #stacking #forextrading #motivation #success #entrepreneur #daytrading #inspiration #technicalanalysis #success #trading #daytrading #motivation #entrepreneur #technicalanalysis #investment #dollar #stock #market #economy

    EURGBP LOSS

    The support was drafted using the 2 hour chart. I was out almost instantly. I was unable to upload my…

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  • EURUSD BREAKEVEN. I was getting really emotional with these trades. I just could not understand the flow of the price patterns. I am happy to be out, although it feels like a loss. $eurusd #forex #forexalert #forexshare #forexcharts

    EURUSD BREAKEVEN

    I took another entry, this was my 3rd. Trade manually closed, as soon as price popped back up. I was…

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  • rich #trade #inspiration #binaryoptions #dollar #euro #investor #gbpusd #investing #billionaire #technicalanalysis #markets #usdjpy #metatrader #usd #london #foreignexchange #futures #forexmarket

    EURUSD LOSS

    I got back in after price went down to my second support line. Trade did not work again. I think…

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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.

    EURUSD LOSS

    The support was drafted from the 2 hour chart. I missed the initial 1 min jump, price came back down…

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  • 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.

    GBPJPY LOSS

    I got back into the same trade again.The cloud looked favorable. I was expecting price to drop below resistance quickly.…

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