AUDUSD

  • 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 LOSS

    I was a little late getting in at the peak. For this reason my trades potential would be smaller than…

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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”.

    AUDUSD LOSS

    Again, I was late into $audusd. The price returned back near the previous resistance area. I am cautious about the…

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  • Trading the AUD/USD currency pair is also known as trading the

    AUDUSD PROFIT

    The chart setup was on my watchlist for a while. I missed the first entry, so when the second opportunity…

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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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