Author archive for contacttf

  • 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.

    USDCHF LOSS

    I jumped on this trade shortly after losing on the previous. The strategy was there, but this position did not…

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  • In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.

    GBPUSD LOSS

    I have been away for a few weeks, working on another project. The entire cycle will take about 3 months,…

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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 BREAKEVEN

    Very poor trade all round. The entry was too far away from my stop. The RSI was not clearly defined.…

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  • #currencytrader #priceaction #investor #knowledge #banking #moneymanagement #forexlife #forexquote #stacking #forextrading #motivation #success #entrepreneur #daytrading #inspiration #technicalanalysis #success #trading #daytrading #motivation #entrepreneur #technicalanalysis

    USDCHF PROFIT

    I have had very few opening trades that are winners. I am happy to get off, to a green arrow.…

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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.

    USDCHF PROFIT

    I needed to wait for the price to hit the second support line. Trade setup was ideal for a small…

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    USDCHF LOSS

    The second entry was just below the pre-drawn support line. The idea was to grab a small chunk. I got…

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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.

    USDCHF LOSS

    My intention was to look for a short term pullback. The longer time frame (2 Hours) is short. Trade did…

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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.

    AUDUSD LOSS

    I got back into the trade again but with a better position. Unfortunately, the trade did not work and I…

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  • 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”.

    AUDUSD LOSS

    I was too keen to  get in and the opportunity was never there, The cloud was not setup correct. Trade…

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  • USDCHF PROFIT

    This time I waited to get back in after the news. The candlestick training has helped me look at the…

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