Author archive for contacttf

  • EURUSD LOSS

    Another loss on $eurusd. The charts look good to me. Sometimes we just have to hold our hands up. I…

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  • People make money trading forex in several different ways. Scalpers hold positions for no longer than 5 minutes. Other traders may adopt a strategy that lets them analyze their charts once a day to look for opportunities then step away from the markets until the next day. There really is no wrong way to trade forex.

    EURUSD LOSS

    Worked my system. The trade did not breakout using the support. I look to get again if the opportunity allows.

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  • The British Pound against the US Dollar is one of the oldest currency pairings in the world

    GBPUSD PROFIT

    I followed my system all the way through. I was hoping the trade would yield a bigger return. I executed…

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  • The euro (sometimes called “fibre”) is used by over 320 million Europeans and 17 nations in the eurozone (euro area).

    EURUSD BREAKEVEN

    I made so many mistakes in this trade. I was not fully confident about the entry. Some resistance points on…

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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.

    USDCAD LOSS

    The trade setup was good. My timing could have been better on the 1 min chart. The trade would not…

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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.

    GBPUSD BREAKEVEN

    I was hoping the price would rise up to my intended entry target of 1.26543. This would be directly under…

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  • Traders came up with a number of different ways to invest or speculate in currencies.

    USDCAD BREAKEVEN

    The overall momentum on the 4 hour chart was down, but I believe in trades need to come back into…

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  • USDJPY PROFIT

    I missed the earlier signal, for this reason my charts were not lining up correctly. I took the trade against…

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  • With a stop-on-quote order, a trade will only be initiated once the price reaches a specified level, or trigger, called a stop price.

    GBPUSD BREAKEVEN

    My charts were not fully lined up. RSI on 5 min was not perfectly setup. I…

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  • EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

    EURUSD LOSS

    I got in the trade earlier than my RSI indicating. Sometimes we just fall into the trap of trying to…

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