Author archive for contacttf

  • Tight Stop. The act or practice of raising a stop price to minimize losses from a long position. For example, suppose one buys a stock at $20 with a stop price of $18 (meaning the stock will be sold automatically if the price hits $18 in order to prevent further losses).

    USDCAD LOSS

    With no other opportunities, I was chasing the trade. This made me make a catalogue of errors. The 5 min,…

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  • 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.

    AUDUSD LOSS

    I got in and stopped out pretty quick.I was unabel to post on social sites. The setup was not ideal.…

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  • The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.

    AUDUSD LOSS

    I was correct in getting into the trade. The price was moving down, until news stalled the price movement. I…

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  • When trading a mini lot (10k units of currency), each pip is worth roughly one unit of the currency in which your account is denominated. If your account is denominated in USD, for example, each pip (depending on the currency pair) is worth about $1

    AUDUSD PROFIT

    I almost got stopped out a few times. On one occasion, I was only a pip away. After price went…

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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”.

    EURJPY LOSS

    The chart setup was not ideal. The price was not extended or away from the cloud, which is my go…

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  • #trading #money #trader #forextrader #business #pips #forextrading #wallstreet #entrepreneur #fx #motivation #success

    USDCAD PROFIT

    The charts looked good, for a rebound. I waited for a candlestick chart confirmation. The entry was near support. Risk/reward…

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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.

    USDCAD PROFIT

    I took the trade with a tight stop as price was in a range on the 1min chart. The flat…

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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.

    USDCAD BREAKEVEN

    This has been on my radar for some time. USDCAD CLOSED BREAKEVEN. The price did not surge as expected. I…

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  • #trendsoftrading #stocks #wallstreet #forex #motivated

    USDJPY BREAKEVEN

    Trade taken on price reversal. Tight stop added. #usdjpy $usdjpy #forex #fx USDJPY CLOSED BREAKEVEN. I closed out because I…

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  • #ichimoku #forextrading #forex #forexstrategies #stocks #futures #options #trading

    USDCHF PROFIT

    I got back in at a higher price. The candlestick chart formation had a good setup. Price bounced a few…

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