Author archive for contacttf

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

    USDCHF LOSS

    I got stopped out quickly, before I could post on social sites. The 1 day and 1 hour chart were…

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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.

    EURGBP LOSS

    EURGBP and EURUSD was on my radar, because it had a similar chart pattern setup. Trade got stopped out. I…

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  • The foreign exchange market is the market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors.

    USDCAD PROFIT

    I  was able to get in again. At this point I was doubting my pursuit to get some more pips…

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  • The foreign exchange market (Forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCAD LOSS

    The 3rd entry, because I could see a drop in this pair. Unfortunately I got stopped out again.

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  • The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

    USDCAD LOSS

    This is my second entry on the same pair. I believe there is some room for downward momentum. I got…

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  • DEFINITION of 'Forex System Trading' A method of trading forex that is based on a series of analyses to determine whether to buy or sell a currency pair at a given time. Forex system trading could be based on a set of signals derived from technical analysis charting tools or fundamental news-based events.

    USDCAD PROFIT

    The setup looks good and in line with my system. Trade closed manually, I did not like the cloud flat…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    EURNZD BREAKEVEN

    There were no clear trading opportunities in my pool of trading pairs. I decided on EURNZD, because the charts seem…

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  • The Heikin-Ashi technique uses a modified formula:**xClose = (Open+High+Low+Close)/4. o Average price of the current bar.**xOpen = [xOpen(Previous Bar) + Close(Previous Bar)]/2. o Midpoint of the previous bar.**xHigh = Max(High, xOpen, xClose) o Highest value in the set.**xLow = Min(Low, xOpen, xClose) o Lowest value in the set.

    GBPUSD LOSS

    Price went down to support and bounce. I took the trade, because the risk/reward was better. Trade did not work.…

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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

    The trade was near perfect. I closed trade manually before RSI red. I am a little disappointed the move was…

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  • GBPUSD BREAKEVEN

    I got into the trade after the rebound. Although the entry was not in line with my system, I could…

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