AUDUSD LOSS

AUDUSD LOSS
25th August 2017 contacttf
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.

I was a little late getting in at the peak. For this reason my trades potential would be smaller than usual.

With this is in mind, I failed to capitalise on profits.

Price turned, and took my stop out.

After trade analysis
After hitting stop, price went down again. This was another unfortunate occurrence. Especially, when I am having a tough time in the markets.

The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

0 Comments

Leave a reply

Your email address will not be published.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

*