GBPJPY LOSS

GBPJPY LOSS
4th July 2018 contacttf
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.

I got struck out again today.

In all fairness I could have easily closed for breakeven, but I do not see how this is going to help my balance sheet in the long run.

After trade analysis
Price went extremely high shortly after my exit.

This show the importance of having a firm stop loss strategy in place.

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.

 

 

 

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