EURCHF LOSS

EURCHF LOSS
20th December 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.

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

The price did rip through the cloud, but price never recovered thereafter. I closed my position before it hits my stop.

DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

 

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*