AUDUSD LOSS

AUDUSD LOSS
26th October 2017 contacttf
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.

This was a poor entry all round. The Kumo was not favourable and I still entered.

The rest of the strategy was on point though.

I got stopped out shortly after entry.

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”.

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