GBPUSD

  • Common Approaches to Adjusting Stop Losses. One approach that can work is to wait for a defined length of time, one that should have given your trade enough time realistically to “breathe”. Once this time has elapsed, if your trade is showing a loss, exit immediately; if a profit, move the stop loss to break even.

    GBPUSD LOSS

    Very poor start to the day. My trade entry was not great. I left a lot on the table. I…

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  • The foreign exchange market is the

    GBPUSD PROFIT

    I got back into the trade slightly higher. I may have miss calculated the previous trade entry. Trade closed with…

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  • GBPUSD LOSS

    All charts line up. The resistance on the 1 day chart was apparent but not clear. I lost trade before…

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  • Traders call the GBP-USD pair ‘cable’, referring to the submarine telegraph cable placed between the United States and Great Britain in the 1800s.

    GBPUSD PROFIT

    I made 2 poor entries in a matter of minutes. My exit was good, but I should have tried to…

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  • A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached

    GBPUSD PROFIT

    I was unable to place any trades last week. Too busy working on other projects. It is nice to be…

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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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  • 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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  • 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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  • 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”.

    GBPUSD PROFIT

    It is good to be back on the winning side. Initially I could not find a support to trade off.…

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  • GBPUSD LOSS

    In retrospect, I should never have entered the trade. I was chasing a trade, and I got caught out again.…

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