Author archive for 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.

    GBPJPY BREAKEVEN

    I had this position on alert. I use an app to help me identify these trigger points. Trade entry near…

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  • (52-period high + 52-period low)/2)) On the daily chart, this line is the mid point of the 52 day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.

    GBPJPY BREAKEVEN

    I used the resistance from the candle charts. Unlike the Ichimoku cloud resistance, the depth of resistance can be between…

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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.

    EURCHF PROFIT

    Trade entry was made when price hit mapped resistance zone. My stop was just above 1.15700. Price did eventually hit…

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  • #tradingstrategy #fundamentalanalysis #today #winner #tradercommunity #king #alltrading #cash #livetrader #amazing #realtime #investing #life #swingtrader #mt4 #chart #capital #income #millionaire #trading #entrepreneur #success

    EURGBP LOSS

    Price was in a channel, so I decided to take an entry. My biggest concern was the flat cloud formation.…

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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 BREAKEVEN

    Trade entry made, using support from the 15min chart. I missed the initial surge, so I got in higher than…

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  • #trade #forex #trading #broker #forexsignal #forexsignals #forextrader #gold #brent #eurusd #usdjpy #xauusd #stocks

    AUDUSD BREAKEVEN

    A very poor trade entry on a late Friday with very little volume. The entire setup was wrong. the price…

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  • #motivation #entrepreneur #technicalanalysis #investment #dollar #stock #market #economy #tradingstrategy #fundamentalanalysis #today #winner #tradercommunity #king #alltrading #cash #livetrader #amazing #realtime

    AUDUSD LOSS

    The sell/short opportunity was short lived. I got stopped out because my stop was too tight. I am not frustrated,…

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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 got into the trade very late. I had enough opportunity to get in, with the cup pattern formation. As…

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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”.

    EURUSD PROFIT

    EURUSD SELL/SHORT. The price has overshot the previous resistance 1.18327. I am in, at a higher level. My stop is…

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  • #entrepreneur #daytrading #inspiration #technicalanalysis #success #trading #daytrading #motivation #entrepreneur

    USDJPY PROFIT

    1. I needed to go all the way back to the 1 hour chart to draft a support line. Price…

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