Author archive for 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.

    EURJPY LOSS

    I have been chasing a position for some time. This hunting mentally put me on the back foot. There was…

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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.

    USDJPY PROFIT

    I got back into the trade again. To isolate a tight move, I drew the other resistance points. Trade worked…

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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.

    USDJPY LOSS

    Trade entry taken, although I was worried by the cloud setup. The flat lines always makes me defensive. I got…

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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.

    AUDUSD PROFIT

    I was fortunate to have a second opportunity. After the previous breakeven trade, the price went above my resistance point.…

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  • #dollar #stock #market #economy #tradingstrategy #fundamentalanalysis #today #winner #tradercommunity #king #alltrading #cash #livetrader #amazing #realtime #investing #life #swingtrader

    USDCAD LOSS

    I had the support mapped an hour previously. The price dropped below this support. 1. The issue I had was…

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  • 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.

    AUDUSD BREAKEVEN

    Price went up near to my pre-drawn resistance area. I decided it was close enough. Trade closed breakeven. I gave…

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  • 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.

    EURCHF LOSS

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

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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.

    EURCHF PROFIT

    I was unable to map out a resistance line using the Ichimoku cloud. I used the candlestick wick from the…

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  • The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

    USDJPY LOSS

    After the previous breakeven, I got back in again. There were 2 resistance points on the 15 min chart. I used…

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  • #tradercommunity #king #alltrading #cash #livetrader #amazing #realtime #investing #life #swingtrader #mt4 #chart #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #eurusd #nyse #nasdaq #commodities #trading #entrepreneur #motivation # #eurusd #daytrading #currency #millionaire #trading

    USDJPY BREAKEVEN

    I looked through all my trading pairs. USDJPY looked to have the biggest opportunity. My resistance was drafted out using…

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